CENTRAL BANK MONITORING III/2024

The 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.