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Central Bank Watchers

The Institute of International Monetary Research recognises the importance of central banks in modern economies, in particular, their role in determining monetary policy. Our Central Bank Watchers page follows and comments on the decisions of the monetary policy committees of three leading central banks - the US Federal Reserve, the European Central Bank and the Bank of England  

Bank of England

15th December 2022

Fears of Recession result in smaller (0.5%) increase in the Bank Rate

3rd November 2022

Another increase in the Bank Rate - this time by 0.75%

22nd September 2022

Further 0.5% increase in the Bank Rate

4th August 2022

Another increase in the Bank Rate - this time by 0.5%

16th June 2022

Fifth consecutive rise in the Bank Rate - and hints that more may follow

5th May 2022

Fourth consecutive rise in the Bank Rate

17th March 2022

Third consecutive rise in the Bank Rate

16th December 2021

Bank of England raises base rates

4th November 2021

Bank of England surprises markets by doing nothing

23rd September 2021

Monetary Policy Committee meeting: Still no date for tapering of bond purchases in spite of rising inflation

5th August 2021

Monetary Policy Committee meeting: Inflation rises further but asset purchases to continue.

24th June 2021

Monetary Policy Committee meeting: UK inflation rises above 2% but no rush to tighten monetary policy.

6th May 2021

Monetary Policy Committee meeting: A more upbeat note from the Bank of England, but inflation risk understated.

18th March 2021

Monetary Policy Committee meeting: A more upbeat note from the Bank of England, but inflation risk understated.

European Central Bank

15th December 2022

ECB implements a further 0.5% rate rise and considers selling off some of its assets 

27th October 2022

ECB implements a second 0.75% rate rise

8th September 2022

ECB increases rates by a further 0.75%

21st July 2022

First policy rate increase in 11 years

9th June 2022

ECB announces that it will increase interest rates in July

14th April 2022

ECB keeps interest rates at a record low in spite of surging inflation

10th March 2022

ECB may end all asset purchases in June

16th December 2021

ECB announces tapering of PEPP scheme

28th October 2021

ECB to continue with asset purchases as inflation hits 13-year high

9th September 2021

Governing Council meeting: ECB to slow the rate of asset purchases

22nd July 2021

Governing Council meeting: ECB announces new inflation target.

10th June 2021

Governing Council meeting: ECB to increase its asset purchases.

22nd April 2021

Governing Council meeting: ECB to increase the pace of asset purchases.

11th March 2021

Governing Council meeting: ECB to increase its asset purchases.

US Federal Reserve

14th December 2022

FOMC opts for a smaller 0.5% increase in the Fed Funds Rate

2nd November 2022

Fourth consecutive 0.75% increase in the Fed Funds Rate, even though M3 is contracting

21st September 2022

Third consecutive 0.75% increase in the Fed Funds Rate

27th July 2022

FOMC raises the Fed Funds Rate again by a further 0.75%

15th June 2022

FOMC increases the Fed Funds Rate again - this time by 0.75%

4th May 2022

FOMC hikes the Fed Funds Rate by a further 0.5%

16th March 2022

Fed Funds Rate increased by 0.25%

26th January 2022

Fed hints that rates may rise soon

15th December 2021

Fed to accelerate taper in 2022 as inflation rises

4th November 2021

Fed finally announces its tapering programme

23rd September 2021

Federal Reserve's Open Market Committee: Fed signals that tapering will begin shortly

29th July 2021

Federal Reserve's Open Market Committee: Inflation rise higher still, but FOMC still insists it will drop without any monetary tightening

16th June 2021

Federal Reserve's Open Market Committee: Inflation hits 5% but no hint of monetary tightening

6th May 2021

Federal Reserve's Open Market Committee: First signs of dissent from within the Fed?

17th March 2021

Federal Reserve’s Open Market Committee: Will the Fed underestimate the inflationary surge?