Monetary Policy
Bernanke heeds unemployment effects on housing market
Federal Reserve chairman Ben Bernanke says high unemployment rates were increasingly forcing households to fall behind on mortgage payments
Barney Frank in bid to revoke regional Fed presidents’ FOMC votes
Former chair of House Financial Services Committee says regional Fed presidents shouldn’t vote because they are appointed by business, not Congress
Bank of Thailand Inflation Report – (April 2011)
Bank of Thailand’s April 2011 Inflation Report says Monetary Policy Committee raised rates to curb build up in commodity price pressures
BIS paper highlights change in bank-lending channel
Bank for International Settlements study shows shift in drivers of bank-lending channel in European and United States pre-crisis
Turkey’s Yilmaz explains motivation behind policy strategy
Central Bank of Turkey governor Durmuş Yilmaz says combination of liquidity management facilities, reserve requirements and policy rates will help achieve price and financial stability in Turkey
IMF urges emerging markets to tighten monetary policy
IMF Regional Economic Outlook for Asia report says emerging market central banks must tighten monetary policy to stave off inflation; acknowledges limitations of monetary tools
Bernanke holds first press conference
Federal Reserve chairman reiterates US commitment to strong dollar, voices concern over shift in outlook for US debt
Bank’s Sentance calls for revaluation of sterling rate
Bank of England external Monetary Policy Committee member Andrew Sentance says Bank needs to strike a more even balance on sterling value
Bank of England - Asset Purchase Facility Report (First Quarter 2011)
Bank of England First Quarter 2011 Asset Purchase Facility Report shows adaption to reserve prices sparked higher sale in corporate bonds
Interview: Vitas Vasiliauskas
Well-balanced, sustainable growth is the priority target, new governor of the Bank of Lithuania tells CentralBanking.com
China demands banks conduct stress tests on property loans
Chinese banks must carry out new stress tests
Bank minutes outlines downside risks to economy
Minutes of Bank of England monetary policy meeting highlights evidence of continued weakness in UK economy
RBA minutes: impact of Japan quake on exports temporary
Minutes from Reserve Bank of Australia monetary policy meeting show disruption in exports to Japan expected to be temporary
Capital constraints limits firm productivity: BoE paper
Bank of England study shows recession in United Kingdom limited firms’ ability to finance production costs
China raises banks' required reserves again
China hikes reserve requirements once more; from April 21 banks must retain 20.5%
Chicago Fed’s Evans warns against leaning on asset-price bubbles
Chicago Federal Reserve president Charles Evans says use of monetary policy tools to address systemic stability will burden Fed’s dual mandate
BoE’s Posen optimistic on Japan recovery
Bank of England external Monetary Policy Committee member Adam Posen says rebuilding from Japan earthquake should kick-start growth
Bank of Canada – Monetary Policy Report (April 2011)
Bank of Canada Monetary Policy Report says rise in terms of trade led to better than expected growth in last quarter of 2010
Bank’s Fisher optimistic on winding down crisis facilities
Bank of England executive director of markets Paul Fisher says recent progress in markets reinforced decision to end special liquidity scheme next year
Suda QE proposal defeated: Bank of Japan minutes
Proposal to limit asset purchases to risky assets was turned down by Bank of Japan monetary policy board
RBA paper reviews unconventional monetary policy measures
Reserve Bank of Australia study says use of long-term interest rates and communication about future short-term interest rate path has merit
Precautionary saving motives necessitate monetary stance revisions: BoE paper
Bank of England study says households’ precautionary saving motives justify accommodative policy bias
Fed’s Yellen dismisses monetary policy link to commodity market boom
Federal Reserve vice-chair Janet Yellen denies claims accommodative US monetary policy is exacerbating boom in commodity markets
Measuring output gap in export-oriented economies: IMF paper
Fund study assess methods to measure output gap in countries facing non-traditional demand pressures