Monetary policy

Central bankers in Ottawa

ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.

November gloom in Japan

Despite leaving monetary policy on hold last week, the Bank of Japan downgraded its assessment of the economy on Monday, expressing concern about the impact of declining exports and output on incomes and consumer spending.

Bank of England cuts rates by 0.5%

UK - The Bank of England on Thursday cut Britain's interest rates half a point, taking its key repo rate to a 37-year low of 4.0 percent, in a bid to insulate the country from the threat of global recession.

Polish PM - Govt won't curb c bank independence

POLAND - Polish Prime Minister Leszek Miller pledged Thursday 25 October in his maiden policy address to parliament that his new government will take no steps to curb the independence of the central bank and its rate-setting Monetary Policy Council, or…

Thai central bank set to streamline four units

THAILAND - The Bank of Thailand is restructuring its four organisational units: the financial institutions policy group, monetary policy group, fund operations (Financial Institutions Development Fund) and the office of the governor.

BOK to pursue flexible monetary policy

SOUTH KOREA - The Bank of Korea (BOK) will manage its monetary policy in a flexible manner, paying attention to its effect on the real economy, BOK governor Chon Chol-hwan said Thursday in a speech.

Fourth Bank member alludes to rate cut

UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.

Heikensten - Policy could move in either direction

SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…

Rate cut row mars summit

GERMANY - The European Union has called for the European Central Bank (ECB) to take "further decisive action" in easing monetary policy in order to boost the eurozone's economy.

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