Monetary Policy
UK ring fence poses legislative challenges
ICB stops short of asking for complete separation of retail arm from investment operations; how the government will legislate on the proposals is still unclear
Early monetary exit risks return to recession: KC fed paper
Kansas City Federal Reserve study shows an early monetary policy exit can lead to a double-dip recession
Bank of Israel narrow forum backs rate hold
Bank of Israel minutes show narrow forum monetary policy members were unanimous over decision to hold rates due to domestic and global outlook
BoJ minutes outline central bank's QE strategy
Bank of Japan minutes show boost in asset purchase programme aimed to influence longer end of yield curve; confirms intervention in yen foreign exchange markets
Lagarde adds to pressure on G-7 meet
Lagarde calls for global action; Canada set to raise dissatisfaction with Swiss franc exchange rate limit at G-7 gathering in France
Bernanke stays tight lipped on further stimulus
Ben Bernanke disappoints once again with bland speech; offers no hint of future stimulus
Carstens content with Mexican position
Governor of Mexican central bank says country is in a strong policy position; ready to act if global economy worsens
Trichet reacts angrily to criticism
European Central Bank president Jean-Claude Trichet rejects attack by German politician on bond-buying programme; ECB and Bank of England both hold interest rates as global outlook worsens
The future of central banking: CB.com panel
Robert Pringle moderates a panel assessing the future of central banking in a post-financial crisis world
OECD asks central banks to hold rates
OECD asks for rates hold and revises growth forecasts downwards; chief economist says further QE in the US "could be appropriate”
Case for QE3 mounts as US economy weakens
Federal Reserve presidents Charles Evans and John Williams make case for further quantitative easing, as latest Beige Book report reaffirms slowdown in US economic activity
Clear central bank communication facilitates greater policy flexibility: IMF paper
Fund study shows clear central bank communication can reduce inflation and interest rate volatility
Riksbank postpones rate hike on weaker global outlook
Riksbank votes to hold rates at 2% amid concerns over public finances abroad and deterioration in global growth; central bank revises downward repo path
Could the Swiss start a trend?
Robert Pringle discusses the Swiss National Bank's action to limit the exchange rate between the franc and the euro, and asks if others should, and will, follow
Step-up in rate hikes was warranted: RBI’s Mohanty
Reserve Bank of India executive director Deepak Mohanty says tighter monetary policy eased inflationary pressures
NY Fed paper observes pre-FOMC meeting equity drift
New York Federal Reserve study explores what causes US equity markets to move drastically ahead of a FOMC meeting
Expectations matter for interest rates: Norway’s Olsen
Norges Bank governor Øystein Olsen says the effect of interest rate changes varies markedly on market expectations
Top officials discuss economic gloom in Italy
Key votes reveal lack of confidence in US economic policy and the future of the eurozone
Taiwan denies controlling exchange rates
Central bank issues “clarification” of the “managed floating exchange rate regime” in place in Taiwan
Communication on employment key to Fed credibility: Kocherlakota
Minneapolis Federal Reserve president Narayana Kocherlakota says difficulties in quantifying maximum employment pose challenges for FOMC
Vote now: Are central banks losing their independence?
CentralBanking.com is running a poll on whether central banks are losing their independence
Global risks impacting outlook for Thailand: governor
Prasarn Trairatvorakul relates optimism for Thai economy but warns on future export performance
Riksbank paper investigates sectoral inflation
Working paper suggests flaws in past research on the topic
Brazil cuts benchmark rate in surprise move
Monetary Policy Committee drops benchmark interest rate from 12.5% to 12% in unexpected decision