Monetary policy is one of the most important tools available to a central bank for managing an economy. In India, it is conducted by the Reserve Bank of India (RBI), and every two months, the RBI’s ...

This year’s Jackson Hole Economic Symposium of central bankers from around the world is right to focus on the monetary-transmission mechanism, the channel through which monetary policy influences ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking requires adaptation to current demands and a framework that fosters agility ...

The Group of Thirty today published "The Federal Reserve Monetary Policy Framework Review: A Comprehensive Approach to Improve Robustness", chaired by William C. Dudley. "Monetary policy objectives ...

A rules-based approach is envisaged once inflation declines to the 3–4% range, with policy interest rate responding accordingly ...

With inflation still above the Federal Reserve’s 2% objective, there is renewed interest in understanding how quickly federal funds rate hikes typically affect inflation. Beyond monetary policy’s well ...

Central banks in late 2021 kicked off the steepest and most coordinated series of interest rate hikes in four decades to contain the postpandemic inflation outbreak (see Chart 1). Many economists ...

A viral video of President Joe Biden's chief economic adviser, Jared Bernstein, appearing to struggle to explain how monetary policy works has raised new questions about the administration's handling ...

Jerome Powell, Chair of the Federal Reserve, received the 2025 Adam Smith Award for exemplary leadership and navigating complex monetary policy challenges. Powell reiterated the Fed's data-driven ...

The Central Bank of Nigeria (CBN), this year, implemented a series of interest rate hikes, raising the Monetary Policy Rate (MPR) from 26.25% in May to 27.50% by this month, to combat rising inflation ...

We investigate the role of government credit in monetary policy transmission, using detailed credit registry data from Brazil. We find that government direct credit can effectively support small and ...