Monetary Policy
Bank’s King adamant inflation will fall
Bank of England governor Mervyn King maintains inflation will drop towards target after Office for National Statistics reports largest rise in annual CPI since September 2008
Belarus given guidance to restore 'stability and prosperity'
International Monetary Fund tells Belarus to reduce inflation and raise interest rates; central bank sells off surplus office items
Egypt banishes bankers from board of directors
New central bank law means bank employees cannot serve on the board; number of members of the board of directors will be reduced
National Bank of Poland paper forecasts inflation using survey data
National Bank of Poland study says consumer sentiment can be effectively eliminated from inflation expectations in survey data
UK monetary policy not constrained by inflation targeting: BoE paper
Bank of England study co-written by external MPC member Adam Posen says Bank of England has been no less flexible than Federal Reserve under inflation targeting framework
Kocherlakota explains logic of dissent to Fed's Operation Twist
Minneapolis Federal Reserve president Narayana Kocherlakota says Fed’s more accommodative policy stance is inconsistent with objectives
Fed should have adopted BoE's QE strategy, says Blanchflower
Former Bank of England Monetary Policy Committee member David Blanchflower says Fed should look to London as guide to twist yield curve after FOMC minutes reveal policy split
BoE’s Miles explains resumption of QE
Bank of England external Monetary Policy Committee member David Miles says reemergence of financial market stress and lower-than-expected inflationary pressures prompted further asset purchases
RBI paper measures optimum inflation threshold
Reserve Bank of India study makes case for adoption of lower inflation target than current threshold level
IMF paper identifies source of inflation in Cemac nations
Fund study says inflation in Central African Economic and Monetary Community countries largely driven by global food and fuel prices
Japan extends emergency relief measures
Emergency loan facility and relaxation of collateral eligibility standards extended; sign of Japan’s continued economic struggle
BoE injects £75 billion to save stalling economy
Bank of England Monetary Policy Committee votes for further round of quantitative easing; increases size of asset purchase programme to £275 billion
Trichet bows out with new bond purchase scheme
Jean-Claude Trichet unveils a new covered bond purchase scheme; ECB governing council also agree to hold interest rates and support Jörg Asmussen for governing council post
Latin America reverses positions with advanced economies: IMF’s Eyzaguirre
Director of the IMF’s Western Hemisphere department says advanced economies have 'pneumonia', while Latin America only has 'a cold'; situation reversed from in the past
ECB paper identifies rate-setting heterogeneity among policymakers
European Central Bank study finds differences in interest rate voting patterns within three monetary policy-setting committees
Dissenter votes to hike rates on inflationary fears: Iceland minutes
Central Bank of Iceland Monetary Policy Committee minutes says one member voted to increase interest rates despite uncertainty in global economy
Globalisation creates monetary policy challenges for EMEs: BIS report
Bank for International Settlements report says emerging market monetary policies are becoming much more complex due to integrated global financial system
Bernanke asks for help to stimulate the economy
Bernanke reiterates Fed is ready to act; calls on all policymakers to work towards lifting the economy
IMF paper identifies scope for inflation targeting in Mena countries
Fund study says central banks in Middle East and North Africa can follow emerging market trend in adopting inflation-targeting frameworks
FPC explains capital requirement switch
FPC explains worries about credit availability to business; says banks must know that capital and liquidity buffers are "useable" in a crisis situation
IMF paper incorporates financial sector risk in monetary policy models
Fund study examines risks of including financial stability indicators in monetary policy reaction models
Bank of Lithuania opens its doors to the public
Bank of Lithuania invites the general public to see inside the bank as part of the joint birthday celebration of the central bank and the national currency
European central bank gold sales lowest since 1999
European central banks sold just 1.1 tonnes in last 12 months; lowest since Central Bank Gold Agreements began
Czech National Bank paper discusses how inflation targets are set
Czech National Bank study says historical macroeconomic characteristics are factored into officials’ decision to set the level of inflation targets