Monetary policy
Bank of Japan Monetary Policy Meeting
PRESS RELEASE - At the Monetary Policy Meeting held today, 21 May, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period:
Latent recovery fails to move Bank of Japan
JAPAN - The Bank of Japan announced a decision to leave monetary policy unchanged after a two-day Policy Board meeting which ended on Tuesday.
Speech by Wim Duisenberg, ECB President, 16 May
SPEECH - Duisenberg said in a speech titled 'Challenges to the ECB's monetary policy' that he believes all the institutional preconditions for a stable currency and macroeconomic success are in place in Europe today.
The single monetary policy in the euro area
REPORT - ECB publication, General documentation on Eurosystem monetary policy instruments and procedures, 26 April, (update of the November 2000 edition).
Speech by Sushil Wadhwani, Bank of England, 16 May
SPEECH - In a speech titled 'The MPC: Some Further Challenges' Wadhwani slammed the MPC's forecasting methods as flawed and, noted as an arch dove, said interest rates had been set too high over the past five years. He also rebuked deputy governor Mervyn…
Polish gov't calls for exchange rate discussion
POLAND - Following a government session on Tuesday, finance minister Marek Belka called the central bank's Monetary Policy Council (RPP) to discuss potential proposals aimed at abandoning the policy of no-intervention on the foreign exchange market, and…
Outgoing MPC member criticises B of E rates record
UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…
RBNZ Monetary Policy Statement, May 2002
REPORT - The Reserve Bank of New Zealand on Wednesday published its Monetary Policy Statement for May 2002.
House of Commons Treasury Committee
PRESS RELEASE - Bank of England Monetary Policy Committee: Confirmation hearings for new members, 14 May.
Speech by T Latter, Deputy Chief Exec HKMA, 13 May
SPEECH - In the speech titled 'Who or what determines monetary policy in Hong Kong?' Latter suggests that the aim of monetary stability would not be assisted by altering the current arrangements, whether by pinning our currency to that of Hong Kong's…
UK interest rates kept on hold
UK - The Bank of England's monetary policy committee on Thursday voted to leave interest rates unchanged at 4 per cent, in a decision which underlined the fragility of the UK economic recovery.
Federal Reserve Board Press Release
PRESS RELEASE - Monetary Policy Decisions, 7 May.
BSP and BoT to cooperate on monetary policy
PHILIPPINES - The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) and the Bank of Thailand (BOT) have agreed to increase the amount of technical cooperation on monetary policy and banking supervision, BSP governor Rafael B…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 19 and 20 March, released 7 May.
No 'complacency' about debt levels
FEATURE - Letter published in the Financial Times, 3 May, from Dr Sushil Wadhwani, Monetary Policy Committee, Bank of England.
Speech by J.C. Trichet of Banque de France, 23 Apr
SPEECH - Trichet said in a speech titled 'Asset Price Bubbles and their Implications for Monetary Policy and Financial Stability' that asset price developments are a serious cause of concern for central banks since they may impinge upon both price and…
Bank of Japan Press Release
PRESS RELEASE - Monetary Policy Meeting, 30 April.
Outlook and Risk Assessment, Economy and Prices
REPORT - Outlook and Risk Assessment of the Economy and Prices, April 2002 as determined by the Policy Board at the Monetary Policy Meeting held on 30 April 2002 by the Bank of Japan.
Brash walks into storm over interest rates
NEW ZEALAND - It did not take the New Zealand opposition's latest recruit - former New Zealand Reserve Bank governor Don Brash - long to learn that the rough and tumble of politics is a different world from the rarefied atmosphere of monetary policy…
ECB Press Release
PRESS RELEASE - Publication of 'The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures', 26 April.
The single monetary policy in the euro area
REPORT - The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures, (update of the November 2000 edition), European Central Bank, April 2002.
Woman economist takes MPC post at BofE
UK - A female city economist is to replace Sushil Wadhwani on the Monetary Policy Committee (MPC) in the latest merry-go-round at the Bank of England.
BOK union criticises gov't MPC meddling
SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.
HM Treasury Press Release
PRESS RELEASE - Chancellor announces new appointee to the Monetary Policy Committee, 24 April.