Central Bank Monitoring
Central Bank Monitoring provides a quarterly overview of the latest monetary policy developments, strategies and communications at eleven central banks, including the CNB. Each issue features a Spotlight section covering a current topic and a selected speech given by a prominent foreign central banker. The selected banks are the US Federal Reserve System, the European Central Bank, the Bank of England, the Reserve Bank of New Zealand, Norges Bank in Norway, Schweizerische Nationalbank in Switzerland, the Bank of Canada, Sveriges Riksbank in Sweden, Magyar Nemzeti Bank in Hungary and Narodowy Bank Polski in Poland.
CBM
September 2024The majority of the central banks under review, including the ECB, cut their interest rates, and the US Fed announced they would soon be reduced. Spotlight is focused on evolution of monetary policy in Israel, including the reaction of the local central bank to the war with Hamas since last October. In Selected speech, New York Fed President looks at the natural rate of interest, so-called r*, and discusses whether it has gone up in recent years based on available model estimates. Details (pdf, 698 kB).