{"podcast":{"title":"Monetary Policy Explained with Fexingo: Central Banks, Money Supply, and Interest Rates","slug":"monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013","podcast_index_feed_id":7872013,"rss_url":"https://feeds.fexingo.com/business/monetary-policy-explained.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/monetary-policy-explained/cover.png","author":"Fexingo","episode_count":116,"summary":"Lucas and Luna examine how central banks shape the economy through money supply and interest rates. Each episode dissects a specific policy move — a rate hike by the Federal Reserve, a quantitative easing program by the ECB, or a reserve requirement change by the People's Bank of China — and traces its impact on inflation, employment, and financial markets. Lucas brings the macroeconomic framework, citing exact data points from recent central bank statements and academic research. Luna pushes for the real-world implications: what does a 25-basis-point increase mean for a small business owner in Ohio or a bond trader in London? Together, they strip away jargon to reveal the mechanics of monetary transmission. The show serves investors, economics students, and professionals who need to understand policy signals without the noise. No hot takes, no political spin — just a clear-eyed look at how decisions made in marble halls ripple through the global economy. Can a central bank really steer growth without causing a recession? Lucas and Luna don't claim to have the answer, but they give you the tools to decide for yourself. #MonetaryPolicy #CentralBanks #FederalReserve #ECB #InterestRa…","last_synced_at":"2026-07-17T16:19:46.455535+00:00","page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013"},"episode":{"title":"How Central Banks Use Forward Rate Agreements","slug":"how-central-banks-use-forward-rate-agreements","published_at":"2026-07-13T07:29:04+00:00","page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/how-central-banks-use-forward-rate-agreements","show_page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013","url":"https://audio.fexingo.com/business/monetary-policy-explained/episode-0108.mp3","audio_url":"https://audio.fexingo.com/business/monetary-policy-explained/episode-0108.mp3","summary":"In this episode of Monetary Policy Explained, Lucas and Luna break down how central banks use forward rate agreements — specifically Overnight Indexed Swaps — to extract market-implied policy expectations. They look at the Bank of England's 2023-2024 experience as a case study, showing how the wedge between SONIA swap rates and actual Bank Rate revealed whether markets believed the central bank's tightening cycle. Lucas walks through a concrete example: in September 2023, OIS pricing implied a peak Bank Rate of 5.5%, while the MPC had only guided to 5.25% — a 25 basis point gap that signaled credibility issues. Luna brings in the ECB's use of €STR OIS during the 2022 rate hiking cycle to compare approaches. The hosts discuss why central banks care about FRAs: they provide high-frequency, forward-looking data on where the market thinks policy is headed, which can either validate or challenge the central bank's own guidance. They also touch on the limitations — liquidity in longer-dated FRAs and the influence of term premia. The episode closes with a natural, topic-tied donation segment asking listeners to support the ad-free show. #MonetaryPolicy #CentralBanks #ForwardRateAgreements #OvernightIndexedSwaps #SONIA #ESTR #BankOfEngland #ECB #InterestRates #PolicyExpectations #MarketImpliedRates #TighteningCycle #MonetaryPolicyTransmission #CentralBankCommunication #Economics #FexingoEconomics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of Monetary Policy Explained, Lucas and Luna break down how central banks use forward rate agreements — specifically Overnight Indexed Swa…","key_points":[],"chapters":[],"topics":[],"duration_seconds":468,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/episodes/how-central-banks-use-forward-rate-agreements/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/how-central-banks-use-forward-rate-agreements.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}