Monetary Policy
Philly Fed’s Plosser offers perspective on economic outlook
President of Philadelphia Federal Reserve notes “somewhat troubling” movements of inflation expectations
IMF makes strong call for strengthened policy response in Europe
International Monetary Fund wants stronger financial integration to bolster Europe’s recovery; comes as officials gather in Greece to see progress
Frank’s FOMC attack offers further evidence of the politicisation of Fed policy
Attempts to rescind regional Fed presidents’ voting rights as members of the Federal Open Market Committee manifest an unfortunate trend in US monetary policy, Thomas F. Cargill believes.
IMF re-examines link between exchange and inflation rates
IMF examines link between nominal exchange rate and inflation
Watch out for policy spillovers: Subbarao
Reserve Bank of India governor warns that process of globalisation can cause unexpected policy spillover damage
New model for assessing underlying inflationary pressure: Canada
Discussion paper calls for exclusion of components with “exceptionally large price changes” when assessing underlying inflationary pressures
Rebalancing of global economic policy urged: ECB’s Stark
Stark calls for “a fundamental change in economic mindset across the global economy”
Funding pressures influencing rate votes: BoE’s King
Bank of England governor Mervyn King notes gap between rates and funding costs “enormous”; says “big picture not changed much”
Japan set to up legal reserve to safeguard against losses
Japan applies to increase capital buffer; wants to "maintain its financial soundness"
China and US could 'step up' cooperation
Zhou Xiaochuan believes increased cooperation between China and the US on financial reform and regulation is possible
India should have monetary policy committee: Subbarao
Reserve Bank of India governor calls for full “legally-backed” autonomy for the central bank; necessary for the establishment of a monetary policy committee
SNB’s Hildebrand unconvinced on need for global safety net
Swiss National Bank chairman cites three reasons why global mechanism for liquidity provision may not be necessary
Don’t hand over reins to markets: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi sets out four reasons why sovereigns’ fates should not be left in the hands of markets
ECB publishes the third edition of monetary policy book
ECB releases comprehensive overview of the ECB's monetary policy
Bank of Japan praised for post-disaster actions
Government representatives at monetary policy meeting expressed appreciation for the central bank’s “swift and appropriate actions after the earthquake”
Turkey releases latest inflation report
Central Bank of Turkey April 2011 Inflation Report covers new policy strategy
Too big to fail must end; FDIC chair Bair
Being labelled a Sifi will not mean being anointed too big to fail, leading to automatic bailouts, Federal Deposit Insurance Corporation chairman, Sheila Bair warns
Israel acts to avoid housing crisis
Israel introduces rules limiting amount of mortgage that can be linked to variable rate
Dallas Fed’s Fisher urges policymakers to focus on underlying inflation
Dallas Federal Reserve president Richard Fisher says policymakers should pay greater attention to underlying rather than headline inflation
Iceland minutes shows dissent from MPC member
Central Bank of Iceland Monetary Policy Committee minutes says one dissenter voted to raise rates by 25 basis points amid growing inflationary pressures
Trichet signals no change in June as ECB holds
Rates likely to remain on hold until third quarter
Bank of England keep rates at record low
Bank holds for fourteenth month in a row
Denmark’s Bernstein: rate hike may dampen growth
National Bank of Denmark governor Nils Bernstein says rate hike will not trigger an economic reversal but may have dampening effect on economy
ADB discusses stability, inflation and the dollar at AGM
Annual general meeting of the Asian Development Bank touches on core issues for the region; stability, inflation and reforming the international monetary system