Monetary 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?
Q&A: Central Bank of Colombia governor José Darío Uribe
The governor of the Central Bank of Colombia talks to Christopher Jeffery about the challenges the bank faced during the global financial crisis and its objectives for the future in a changing regulatory environment
Balance sheet lessons from the Bank of Japan
The Bank of Japan has expanded its balance sheet in more ways than any of its developed world peers. Hisashi Harui reviews the unconventional approaches it has used to ensure financial stability
China cuts reserve ratio again
People’s Bank of China knocks 50bp off the reserve requirement for the country’s largest banks; policy to remain “prudent” says central bank
Central Bank of Chile paper questions efficiency of forecasts
Research paper finds taking weighted averages of two competing forecasts can introduce inefficiencies
BIS deputy general manager highlights pressure on monetary policy
Hervé Hannoun, deputy general manager of the Bank for International Settlements, says monetary policy frameworks are under “enormous pressure”
Indonesia’s Nasution discusses global and domestic pressures
Governor of Bank Indonesia explains impact of global downturn and laments slow progress in resolving ongoing issues with Indonesian financial system
Bank of Korea announces new policy board members: reports
Reports say Park Won-shik, a deputy governor at the Bank of Korea, is the first new member of the monetary policy board; several more to come
NY Fed paper discusses budget deficit impact on output
Federal Reserve Bank of New York staff paper finds running budget deficits can be either expansionary or contractionary for output, depending on how deficits interact with expectations about the long run
Bank of Canada sees 'significant risks' to inflation outlook
Bank of Canada’s Monetary Policy Report for January 2012 sets out “significant risks” that threaten the inflation outlook
Shirakawa compares Bank of Japan’s inflation goal to Fed's
Masaaki Shirakawa says Federal Reserve and Bank of Japan new inflation goals are "basically the same"