Monetary Policy
BoJ’s Nishimura says strengthening growth 'crucial' for Japanese economy
Bank of Japan deputy governor emphasises central bank’s role in achieving growth potential; signals unease at the global economic impacts for future of Japanese economy
BIS working paper draws lessons from Asia on price stability
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective
India slashes benchmark rate
Reserve Bank of India drops repo rate to 8% in first cut in years; governor references slowing growth and declining inflation in announcing decision
Robert Pringle's Viewpoint: The Fed, the euro and the IMF
Caruana and Shirakawa offer timely warning on the limits and dangers of loose monetary policy; more reform required in Europe
Research discusses elasticity of non-oil tax revenues in Trinidad and Tobago
Central Bank of Trinidad and Tobago working paper says future growth of non-oil tax revenue in the country should come from indirect taxes
Sarb working paper discusses rand exchange rate
South African Reserve Bank working paper studies factors that influence the exchange rate of the rand as a free-floating currency
Riksbank research highlights significance of output gap for policy makers
Swedish central bank working paper explores output gap as a tool for measuring economic activity; concludes that policy makers should focus more on output gap in forming monetary policy
Fed’s Dudley airs fears over economic 'headwinds'
New York Fed president says rising gasoline prices and housing market weakness are significant headwinds to economic growth
BoJ’s Miyao says deflation 'overriding issue' in Japanese economy
Bank of Japan policy board member says if the central bank pursues its monetary policy solely to meet inflation target, it would harm the development of the economy
Fed’s Yellen discusses timeline for interest rate change in US
Federal Reserve vice-chair says gradual pace of recovery means interest rates likely to remain low until late 2014
SNB’s Jordan describes task of maintaining franc exchange limit
Thomas Jordan sets out how the Swiss National Bank has been fighting to keep the franc-to-euro exchange limit in place; explains slight slip-up last week allowing some trades to happen at lower rate
Bank of Japan holds off rate change and further easing
Japanese central bank acknowledges "critical challenge" of overcoming deflation, but keeps rate unchanged for now
Canada's Boivin laments challenges posed by ageing population
Jean Boivin discusses problems of Canada's ageing population and champions the role of the central bank in meeting the challenge
Bank of Thailand opens representative office in Beijing
Thai central bank opens office in Beijing; third foreign representative office aimed at developing “understanding” of China’s economic developments
Danish central bank publishes essays on risk in interest rates and inflation modelling
National Bank of Denmark publishes essay series on risk inherent in interest rate and inflation modelling
QE3 prospects diminish slightly after FOMC minutes release
FOMC minutes provoke fresh questions as to likelihood of further QE; Fed board members cautious on growth prospects
Draghi explains why more LTRO draw-down information is not released
ECB president says it is not possible to release details of LTRO draw downs by individual banks and country usage figures as it could be misleading
Business confidence remains low in Japan
Latest Bank of Japan Tankan survey of Japanese companies shows confidence has not improved in last quarter
RBA governor posits positive outlook as rates remain unchanged
Domestic demand in 2011 was highest rate for four years, says Glenn Stevens; inflation and borrowing also at trend as Reserve Bank of Australia holds rates
Fed’s Plosser cautions against aggressive monetary policy loosening
Philadelphia Fed chairman warns of threat to economic stability from inflation in the medium term; hints rates may have to be raised before 2014
Interbank market ‘almost dead’ in Europe, says Banque de France’s Mongars
ECB operations are critical for European bank funding as the interbank market is all but broken, says NALM panellist
BoE’s Posen says credit failures are hampering UK recovery
UK MPC member Adam Posen highlights lack of non-bank credit options as being among reasons for the slower pace of recovery in the UK relative to the US
King sets out loose monetary policy exit plan
Governor of the Bank of England explains how the UK will unwind from the loose monetary policy measures brought in to support the flailing economy
Bundesbank president cautions against central bank shift into politics
Deutsche Bundesbank president Jens Weidmann confirms central bank’s policy advocating tighter eurozone rules while acknowledging long-term growth is needed to help peripheral countries out of debt