Monetary policy latest publications
Members of the Board of Directors of Banco de la República give an idea of what is to come in terms of monetary policy for the remainder of 2021 and 2022. The Central Bank will decide whether to start its upward cycle at the next meeting at the end of September.
No surprises came out of last Thursday's ECB meeting, with the expected announcement of a reduction in asset buybacks under its pandemic emergency purchase program (PEPP). The big decisions on monetary policy measures will have to wait until its meets on December 16.
Looking at what lays ahead for us in the last few months of the year in the global economy, unfortunately the situation has not yet normalized.
August 20, 2021
China | Understanding the recent hot topics on Chinese economy and financial markets
The report is trying to help to understand the recent important hot topics on Chinese economy and financial markets, including the ongoing regulatory storms, the crucial transformation of China’s industrial policy, the monetary policy independency and the ultimate goal of China’s financial liberalization reform.
The Central Bank of Turkey maintained the policy rate (one-week repo) at 19% in line with the expectations. We expect the CBRT to start an easing cycle very gradually in 4Q (depending on the potential market volatility and upside risks on the inflation) and end the year with 17.5% policy rate.
Asia is at the frontier of battling against climate change while the central banks have already had a series of initiatives to link monetary policy to climate change risks.
The coronavirus has ravaged both developed and emerging countries, with scant respect for borders. Its impact, however, has been and will continue to be geographically unequal, reflecting the different health and economic measures adopted by various countries.
We adjusted our 2021 economic growth forecast from 7% to 6.5%. This year will be notably marked by the midterm elections. The macroeconomic performance of Argentina during the coming years will be defined crucially by the characteristics of the agreement with the IMF, which would take place in 1Q22.