CENTRAL BANK MONITORING II/2023

Central banks in Central Europe left their interest rates unchanged, while the other central banks we monitor raised the rates further over the past three months. However, the US Fed also kept rates unchanged at its latest meeting in June. The Spotlight discusses monetary policy reviews, focusing on those conducted over the past year or recently announced. In our Selected Speech, ECB President Ch. Lagarde discusses the fragmentation of the global economy into competing blocs and its impact on the policy environment for central banks. The current issue is available here.