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• Gerlach Macro Notes

  Stefan Gerlach writes about monetary policy as it is actually practiced. Based in Zurich, he is Chief Economist at EFG Bank and a former Deputy Governor of the Central Bank of Ireland.

  10 posts · theirs

Lately

• Norges Bank's August Meeting

  Gerlach Macro Notes · 2026-08-17

• Norges Bank: The Reaction Function

  Gerlach Macro Notes · 2026-08-10

• Why Central Banks Aren’t Raising Rates

  Gerlach Macro Notes · 2026-08-03

• Norges Bank: The Monetary Policy Framework

  Gerlach Macro Notes · 2026-07-27

• The ECB Is Still Practising Opportunistic Disinflation

  Gerlach Macro Notes · 2026-07-23

• Singapore: Three Months After April’s Tightening

  Gerlach Macro Notes · 2026-07-22

• Why the ECB's Monetary Policy Accounts Should Be Much Shorter

  Gerlach Macro Notes · 2026-07-20

• The SNB's June Monetary Policy Assessment

  Gerlach Macro Notes · 2026-07-17

• Is the ECB Practising Opportunistic Disinflation?

  Gerlach Macro Notes · 2026-07-13

• The Bank of England's MPC Is Not What It Used to Be

  Gerlach Macro Notes · 2026-07-06

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