#MonetaryPolicy

Gilts tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the UK prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.

Czech monetary policy is still restrictive even after an acceleration in inflation due to the fallout of the Iran war, although price risks require more caution, according to the central bank.

From Bloomberg: The BoE's Megan Greene on Monetary Policy in a World of Supply Shocks

European Central Bank President Christine Lagarde said that even euro-denominated stablecoins would create risks to financial stability and monetary-policy transmission, questioning the case for introducing such instruments.

Colombia’s central bank said its surprise decision to hold interest rates steady in late April was meant to avoid perceptions that it was interfering in upcoming presidential elections.

New Zealand should reconsider how frequently it adjusts the Reserve Bank’s remit because it raises the risk of monetary policy mistakes, according to the Organisation for Economic Cooperation and Development.

The Brazilian Central Bank bought dollars in the futures market for the first time in 10 years, taking advantage of the real’s rally to reduce the stock of derivatives used to prevent excessive movements of the currency.

Poland’s central bank is set to keep interest rates unchanged for a second month with policymakers expected to sharpen anti-inflation rhetoric as the conflict in Iran revives long-dormant price pressures.