Monetary Policy
South Africa must tackle capital flows ‘challenge’, says deputy governor
Sarb deputy governor says problems with capital flows in South Africa require “fresh thinking”; rand exchange rate fluctuations causing problems
IMF research analyses Brazil's high interest rates
IMF research paper assesses high interest rates in Brazil; suggests country could move towards lower rates if domestic savings increase to levels found in other emerging markets
Raskin echoes Bernanke in discussing ‘modest’ recovery
Sarah Bloom Raskin talks about slow recovery compared to historical cycles and the impact of accommodative policy on savers
BoE’s Miles explores QE impact
External MPC member discusses the two main channels by which he believes asset purchases boost demand
Ireland deputy governor talks about macro-prudential policy
Irish deputy governor discusses future of policy making and development of macro-prudential policies
Bernanke laments 'modest' US recovery
Fed chairman describes mixed progress in US economic recovery; explains reasons for publishing statement of longer-run goals and policy strategy
UK’s Prudential Regulation Authority reveals approach to consultation
Bank of England and Financial Services Authority publish response to government’s request for details on how the Prudential Regulation Authority will consult with firms
Bank of Canada research delves into monetary policy
Bank of Canada releases research paper which examines the interaction between monetary policy and macro-prudential policy
Philippines confirms inflation target for 2012–14
Central Bank of the Philippines reveals government has fixed inflation target for 2012-14; target to remain the same as it was for the last three years
Fed’s Plosser warns of blurring institutional boundaries
President of the Philadelphia Fed warns of hazards when central banks get involved in fiscal policy
Brazilian research looks at regulatory policies and capital flows
Researchers find counter-cyclical regulatory policies may need to be supplemented by other, more targeted, macro-prudential instruments
Carney expresses faith in flexible inflation targeting
Bank of Canada governor says flexible inflation targeting provides “robust framework for all seasons”
IMF paper studies Indian growth spillovers to south Asia
Results of a panel growth regression suggests India’s growth has impacted region since 1995
Cœuré gives views on eurozone picture
Newest member of executive board at the ECB expresses support for past policy actions; calls on eurozone governments to act
Botswana releases Monetary Policy Statement
Bank of Botswana releases Monetary Policy Statement for 2012; includes inflation predictions and explains target overshoot in 2011
Spain’s Ordóñez remembers former governor
Governor of the Bank of Spain delivers opening remarks at conference held in memory of Luis Ángel Rojo, former governor of the central bank, who passed away last year
BoE’s Bean defends policy actions
Charlie Bean tells Scottish Council for Development and Industry tighter policy could have worsened the economic situation in the UK
Bank of Jamaica governor offers growth and inflation predictions
Brian Wynter predicts growth and inflation levels for fiscal year 2011-12; says unaltered monetary policy stance in last quarter was due to uncertainty both abroad and domestically
BoE minutes show two votes for greater QE
Minutes of latest Bank of England monetary policy meeting reveal two rate-setters wanted to see greater quantitative easing than the £50 billion that was settled on
BIS working paper studies inflation dynamics
Bank for International Settlements researchers investigate inflation dynamics in the presence of informal labour markets
Praet stresses importance of sticking to monetary policy mandate
European Central Bank executive board member Peter Praet warns of dangers of burdening monetary policy with tasks that fall outside its mandate of maintaining price stability
RBA retains scope for monetary easing
Minutes of the latest Monetary Policy Board meeting at the Reserve Bank of Australia shows members believe inflation outlook provides scope for a further easing of policy if situation worsens
Robert Aliber says the US must get tough on China
The shift to floating-rate currencies has facilitated and exaggerated the development of asset bubbles around the world, Robert Aliber tells Robert Pringle
Inflation targeting: a child of our time?
Starting in 1989 inflation targeting has come of age. But does it have the durability to withstand severe economic and financial shocks, or was it simply a child of its time that cannot mature?