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King outvoted over rates increase again
The Monetary Policy Committee (MPC) of the Bank of England narrowly defeated governor Mervyn King at their policy meeting in June, voting 5-4 to keep the rate unchanged at 5.5%. This was the second time that the governor was on the losing end of an MPC…
Riksbank's Monetary Policy Report
Published the day Sweden's central bank raised rates, the report sets out the Riksbank's thinking behind the rise and its assessment that that the repo rate will need to be around 4% at the end of the year
Options open on Canadian securities regulator
The Canadian government says it will consider an alternative structure for securities regulation if it is favoured by most provincial authorities.
Del Cueto nominated as Mexican deputy governor
The Mexican president, Felipe Calderon, has proposed Roberto del Cueto as the deputy governor of the country's central bank for a seven-year term on 20 June.
Gold and inflation - BoC paper
In this Bank of Canada Working Paper, the authors find that the gold price "contains significant information for future inflation for several countries, especially for those that have adopted formal inflation targets."
IMF authors on impact of remittances
In this article on remittances, published in the IMF's quaterly Finance & Development, the authors suggest that the "bottom line is that remittances cannot be a substitute for a sustained, domestically engineered development effort."
ECB's Bini Smaghi on euro entry
In this speech ECB executive board member, Lorenzo Bini Smaghi, argues that there is "evidence that the euro may be setting in motion some endogenous process, moving the euro area progressively closer to the concept of an optimum currency area."
Monetary policy with imperfect knowledge
This ECB Working Paper examines the performance and robustness properties of monetary policy rules in an estimated macroeconomic model in which the economy undergoes structural change and where private agents and the central bank possess imperfect…
RBI's Mohan on capital account liberalisation
Speaking at a seminar in Paris, Rakesh Mohan, a deputy governor at India's central bank, discussed India's experiences in making monetary policy during capital account liberalisation.
Bank of England Quarterly Review
As well as regular features, the second bulletin of 2007 includes an article analysing public attitudes to inflation and interest rates, in particular the pick-up in the general public's inflation expectations between 2005 and 2006.
IMF mulls currency surveillance tools
Rodrigo de Rato, the managing director of the International Monetary Fund says the Fund will soon announce more details above its new surveillance system for foreign exchange policies, which will make clear to member countries what is "acceptable to the…
Russian central bank cuts discount rate
The central bank of Russia cut its discount rate from 10.5% to 10% on 19 June.
"Ominous" fall in German's business confidence
Confidence among Germany's businesses fell in June, but opinions were split as to what this meant for the outlook for the economy.
Botswana's rates cut to 14.4%
The Bank of Botswana has cut the country's interest rates by 50 basis points to 14.5%, on the improved outlook for inflation.
NZ dollar nears 20 year high against the yen
New Zealand's dollar, known as the "kiwi", appreciated to its highest value in almost 20 years against the yen as investors bet on the failure of the central bank to stem its gains.
Central Bank of Iceland clears rate confusion
The Central Bank of Iceland has issued a statement in which it "underlined" that its new representation of interest rates implies "no change in policy rates."
Hedge funds hope for voluntary standards
Thirteen of Europe's largest hedge funds are hoping to stave off political pressure for greater industry regulation by getting Sir Andrew Large, a former deputy governor of the Bank of England, to head a study group examining voluntary standards.
Slovakia's euro changeover plan
The earliest date for adoption of the euro will be January 1 2009, says the central bank report.
Fed's Geither on Asian growth
In this speech the New York Fed's president, Tim Geither explains why "Asia will need to prepare for a future in which it relies more on the strength of growth at home rather than on the strength of growth in the rest of the world".
Dodge on demographics
As the first of the baby-boomers begins to retire, Canada's aging population is no longer an abstract issue for policymakers, noted David Dodge, the governor of the central bank.
RBNZ intervenes in currency market again - traders
Foreign currency traders say that the Reserve Bank of New Zealand again intervened in the market on 18 June. This follows a statement by the central bank last week acknowledging that it had done so for the first time since it set up a fund for…
Kenya's central bank cuts key rate to 8.5%
The Central Bank of Kenya cut one of its key interest rates to 8.5 from 10% in an attempt move it further in line with other policy rates.
Chinese regulator fines lenders
Two of the major commercial banks in China and six other financial institutions will be fined for lending money used by two state companies to buy stocks and real estate, despite official efforts to step up the regulation of state-owned banks and the…
ECB's Weber acknowledges risks to price stability
Risks to price stability will continue while the average inflation rate in 2007 and 2008 are above the European Central Bank's inflation guidelines, Axel Weber a member of the central bank's governing council said in an interview over the weekend.