Monetary Policy
Israel's Fischer: house prices pose threat to financial system
Bank of Israel governor Stanley Fischer says rising house prices could spur next financial crisis
RBI reopens second liquidity line to prevent credit squeeze
Reserve Bank of India introduces second liquidity adjustment facility after growth in government savings absorbs liquidity in money markets
Fed's Fisher lambasts QE2
Dallas Fed president Richard Fisher claims QE2 will not create jobs, just spur speculation; comments highlight threats to Bernanke consensus when Fisher and others become FOMC voters in 2011
India’s PM backs QE2
Backing from Manmohan Singh follows attacks from other emerging markets
RBA flags sharp rise in commodity prices
Reserve Bank of Australia Monetary Policy statement says high commodity prices could lead to further rate hikes
Finland finds limitations in China’s monetary policy
Bank of Finland study finds China’s monetary policy strongly influences asset prices but not household consumption
Broaden renminbi use to curb dollar influence: ex-HKMA’s Yam
Former Hong Kong Monetary Authority chief executive Joseph Yam calls for more renminbi internationalisation; says Hong Kong a vital portal in the effort
Bank of Israel - Inflation Report (2010 Q3)
Bank of Israel’s Inflation Report for third quarter shows economy continued to grow
Fed to buy $600 billion-worth of Treasuries
Size of QE2 exceeds expectations; pace of purchases slower than forecast
CIC’s Zhou calls on Congress, not Fed, to spend
China Investment Corporation’s Zhou Yuan says further quantitative easing will not cure United States’ unemployment problem; Fed expected to unveil more asset purchases, despite dissent
IMF: post-Volcker monetary policy effective
Fund study find monetary policy has had just as much impact on output in the United States post-Volcker
UK doesn’t need more QE: former MPC members
Sir John Gieve, DeAnne Julius and Rachel Lomax say Bank should hold on launch of QE2; Gieve flags asymmetric bias towards looser policy
BoJ’s Suda criticises decision to buy government bonds
Bank of Japan monetary policy minutes reveal dissent over central bank’s decision to include government bonds as part of stimulus programme
India tightens loan-to-value ratios
Reserve Bank of India sets out higher loan-to-value ratios on housing loan exposures; central bank also hikes as inflation, inflation expectations, remain high
St Louis Fed says TAF announcement raised risk premiums
St Louis Federal Reserve study shows announcement of Fed’s Term Auction Facility unintentionally caused market participants to revise upward their expectations of seriousness of financial crisis
Interview: Mahamudu Bawumia
Former Bank of Ghana deputy governor discusses the economic and monetary policy challenges facing Ghana and Africa
Bank of Mexico to publish minutes of rate-setting meetings
Release of monetary policy minutes will boost transparency says central bank; rate-setters’ votes not to be disclosed, however
Bank’s Bean points to problems in measuring spare capacity
Bank of England deputy governor Charles Bean says difficulty in measuring spare capacity creates imprecise data
Uganda’s Tumusiime-Mutebile on driving investment growth
Bank of Uganda governor Emmanuel Tumusiime-Mutebile says capital market deepening and responsive regulation key to expanding country’s investment potential
Bank of England – Asset Purchase Facility Quarterly Report (Q3 2010)
Bank of England quarterly report on $316 billion facility finds growing stability in corporate funding commercial paper markets
Bank minutes show Posen votes for more QE
Bank minutes show monetary policy committee member Adam Posen voted for further monetary stimulus
Minneapolis Fed’s Kocherlakota: QE exposes taxpayers to risk
Minneapolis Federal Reserve president Narayana Kocherlakota discusses negative impact of quantitative easing on taxpayers
Atlanta Fed’s Lockhart favours more explicit inflation target
Atlanta Federal Reserve president Dennis Lockhart says more explicit target will better anchor inflation expectations
Bank of Canada downgrades medium term growth forecast
Bank of Canada’s October Monetary Policy Report revises growth forecasts on weaker global outlook