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Monetary policy

Higher-for-Longer Interest Rate Environment is Squeezing More Borrowers

October 10, 2023

Tobias Adrian

Elevated inflation means central banks may have to keep policy rates higher in a way that stretches the capacity of borrowers to repay debt

Monetary policy

Europe Should Tighten Monetary Policy Further

July 21, 2023

Alfred Kammer, Luis Brandão-Marques

Higher interest rates soon would prevent more economic pain later

Monetary policy

African Currencies Are Under Pressure Amid Higher-for-Longer US Interest Rates

May 15, 2023

Laurent Kemoe, Moustapha Mbohou Mama, Hamza Mighri, Saad Quayyum

Weaker currencies make the fight to curb inflation harder given the region’s dependence on imports

Monetary policy

Interest Rates Likely to Return Toward Pre-Pandemic Levels When Inflation is Tamed

April 10, 2023

Jean-Marc Natal, Philip Barrett

How close will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalization

Monetary policy

New Worries for Central Bankers

March 1, 2023

Gita Bhatt

This issue of F&D explores how inflation dynamics have forced a re-think of how central banks conduct monetary policy

Monetary policy

How Africa Can Navigate Growing Monetary Policy Challenges

April 4, 2022

Tobias Adrian, Gaston Gelos, David Hofman

Tools such as foreign exchange intervention can ease the effects of shocks but need to be carefully weighed against potential longer-term costs.

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