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Monetary Policy
137 TokenPost stories are tagged Monetary Policy. The newest appear first.
Latest Monetary Policy stories
- Bank of Japan Holds Rate at 1.25% as It Sees Inflation in Line With 2% Goal
The board voted 8-1, with Hajime Takata favoring a hike to 1.5%. It was the first time the BOJ described underlying inflation as generally consistent with its target since setting the goal in 2013.
· Regulation
- ECB Officials Expect December Rate Hike, May Pause Afterward
A 25-basis-point increase would lift the deposit rate from 2.50% to 2.75%. The ECB has not made a December decision.
· Regulation
- ECB Keeps Three Key Interest Rates Unchanged at 2.50%, 2.65% and 2.90%
The deposit facility, main refinancing operations and marginal lending facility rates all remained at their existing levels on Oct. 29.
· Regulation
- Fed Reserves One 2027 Meeting for Strategy, Leaving Seven for Rate Decisions
In 2028, the Federal Open Market Committee plans two strategy meetings and six policy-setting sessions. No rate vote or policy statement is anticipated at the 2027 strategy meeting.
· Regulation
- Lagarde Will Leave ECB on Feb. 7, 2027, Nearly Nine Months Early
The European Council will appoint her successor under the EU treaty procedure. The ECB kept its deposit rate at 2.50% on the day of the announcement.
· People
- Real rates near zero warrant modest tightening to restore 2% inflation, Hoenig says
Thomas Hoenig said real interest rates remain near zero with inflation around 4%, making modest tightening appropriate to restore the 2% target.
· Investing
- Fed holds rates at 3.75–4%; Warsh says price stability remains out of reach
The Fed held rates at 3.75–4% as growth and employment remained strong. Warsh said policymakers needed more information to determine their next move, with price stability still unachieved.
· Investing
- Fed Sets Reserve-Balance Rate at 3.90%, Effective Oct. 29
The Board of Governors set the rate as the FOMC kept its federal funds target range at 3.75% to 4%.
· Regulation
- FOMC Holds Rates Steady in 10-2 Vote as Policy Divisions Emerge
The two dissenting votes pointed to differences over the path of monetary policy.
· Regulation
- AI Fed Simulation Favored Holding Rates in Five of Seven October Runs
Sim Fed’s other two runs favored a rate increase. The project’s initial working paper was published in September 2025.
· Regulation
- Donald Kohn Says Kevin Warsh Has Adapted to Leading the Fed
Kohn praised Warsh’s Aug. 28 Jackson Hole speech for pairing policy principles with discussion of the economy. The two also discussed inflation and nominal GDP targets during a hike.
· People
- Fed Issued First Post-Meeting Statement After 1999 Rate Hold
The Fed raised rates six weeks later as officials sought to guide market expectations.
· Regulation
- Survey Shows 93% Expect Fed to Hold Rates, 76% Forecast December Hike
More than half of respondents expect about two rate increases in 2027. Thirty percent said the Fed should raise rates at its October meeting.
· Regulation
- Bank of America Sees 30-Minute Fed Presser, Possibly Without Q&A
The bank sees different messaging challenges if policymakers raise or hold rates and kept its forecast for increases in December 2026 and March 2027.
· Regulation
- Analysts Expect BOJ to Hold Rate at 1.25% at October Meeting
More than 80% of respondents to an Oct. 14-20 survey expect the next increase in December.
· Regulation
- Markets Put October Fed Rate-Hike Odds at 10% Ahead of Oct. 28 Decision
A December increase remains widely expected, and Goldman Sachs economist David Mericle sees a possible pattern of quarter-point hikes in December and March 2027.
· Investing
- BOJ Rate Outlook Puts December in Focus
The BOJ says its current rate remains far from neutral and inflation needs to stabilize near its target.
· Regulation
- ECB Working Paper on DeFi and Monetary Policy Features Base
Jesse Pollak highlighted Base’s inclusion in a post that Morpho amplified.
· Regulation
- Cathie Wood Calls Five Decades of Interest-Rate Trends an Anomaly
She ties the unusual period to monetary changes after the gold window closed.
· People
- Japan Core Inflation Hits 2.1% in September, Highest This Year
The measure rose from 1.7% in August and topped the Bank of Japan’s 2% target. A gauge excluding fresh food and energy reached 2.4%.
· Investing
- Markets Price 83.9% Chance of an October Federal Reserve Hold
The probability of a cumulative 25-basis-point increase through October was 16.1%. December pricing assigned a 76% chance to a cumulative 25-basis-point increase.
· Investing
- Bank of Korea says data will guide further rate hikes as it assesses two earlier increases
The Bank of Korea held its benchmark rate at 3%, saying incoming data will guide further hikes as it assesses two earlier increases and rising growth and inflation risks.
· Investing
- Bank of Korea holds rate at 3.00%, weighs timing and pace of further increases
The Bank of Korea held its benchmark rate at 3.00% unanimously, citing heightened uncertainty while signaling that further increases would depend on inflation, growth and financial stability.
· Investing
- ECB Euro Backstop Draws Interest From More Than 30 Central Banks
The first foreign central banks completed onboarding in early October and can begin drawing on lines of up to €50 billion each in the fourth quarter of 2026.
· Regulation
- Bank of Japan Expected to Assess 2% Inflation Goal Next Week
A finding that underlying inflation has reached the target would mark a milestone nearly 14 years after the bank adopted it.
· Regulation
- Bank of Japan to Assess Whether Underlying Inflation Has Reached 2%
The review is scheduled for Oct. 29-30. The bank defines its formal price-stability target using the consumer price index.
· Regulation
- Bank of England’s Greene Challenges Wage Benchmark Before November Meeting
The bank estimates that pay growth of about 3.25% is consistent with its 2% inflation target. Greene pointed to indicators of higher wage growth.
· Regulation
- Economists Expect Fed to Hold in October and Raise Rates in December
Ninety-four of 100 economists expected no October increase, while all 100 forecast a December hike.
· Investing
- All 100 Economists in Survey Expect Fed Rate Hike in December 2026
Ninety-four expect the federal funds rate to end 2026 at 4.00% to 4.25%, compared with 29 of 76 economists in a September survey.
· Regulation
- BOJ’s Koeda Calls for More Rate Increases as Prices Climb in Japan
More than 70% of over 500 consumer price index items rose from a year earlier. The BOJ’s next policy meeting is scheduled for Oct. 29-30 in Japan.
· Regulation
- China Holds One-Year and Five-Year-and-Above Loan Prime Rates Steady
The one-year rate remained at 3%, while the five-year-and-above rate stayed at 3.5%. Both matched September’s levels.
· Regulation
- China's Central Bank to Study AI's Effects on Inflation and Markets
The People’s Bank of China (PBOC) also plans to explore AI in payments, risk detection and monetary policy analysis.
· Regulation
- Canada’s Inflation Reaches 3.1% in September as Core Rate Eases
Core inflation cooled to 1.85% ahead of the Bank of Canada’s Oct. 28 rate decision.
· Investing
- New Zealand Governor Warns Misinformation Can Weaken Inflation Policy
An October 2026 Bank for International Settlements paper contains remarks from a June 26 panel with central bank governors from four countries.
· Regulation
- Japan’s 1.25% Policy Rate Sits Within IMF’s Neutral-Rate Range
The IMF’s 2026 outlook projects inflation to converge with the BOJ’s 2% target in 2027.
· Regulation
- Warsh Says AI Could Boost Productivity, Warns Path Will Be ‘Very Bumpy’
Warsh gave no signal on another Fed rate increase at its Oct. 27-28 meeting. The central bank raised its benchmark range to 3.75% to 4% in September.
· Regulation
- Kevin Warsh Declines to Signal Fed’s Next Rate Decision
Speaking in Bangkok, Warsh also pointed to the Fed’s September rate increase as a signal of its commitment to price stability.
· Regulation
- Fed Chair Warsh Says Global Conditions Have Matched Expectations Since September
Warsh said the Fed will make judgments at its October and December meetings.
· Regulation
- Bank of England Governor Andrew Bailey Sees Limited Inflation Spillover
Bailey sees little evidence that higher energy costs are feeding into wages and broader prices. U.K. inflation was 3.1% in August, above the Bank of England’s 2% target.
· Regulation
- Troy Cross Says Bitcoin (BTC) Price Action Can Reach Non-Bitcoiners
The philosopher ties Bitcoin’s appeal to its role as a refuge from money printing and expects academics to understand it after innovators, finance professionals and journalists.
· People