Monetary Policy
Bank of Canada on inflation expectations
Bank of Canada Review features articles on targeting inflation expectations, rate pledges and using monetary policy to tackle imbalances
Peru nearly doubles reserve ratio on foreign deposits
Central Bank of Peru raises reserve requirement on foreign deposits to 120% in bid to stem capital inflows
BoK minutes: herd mentality cause of jittery won
Bank of Korea's Monetary Policy Committee keeps watchful eye on political tensions with North; blames won volatility on investors’ pack mentality
Impact of pledge to keep rates on hold unclear: Bank of Canada
Canadian central bank research says conditional commitment to keep rates low has had mixed effect; study shows pledge lowered interest rates on government bonds, but findings not statistically strong
Bank – CEPR Monetary Policy Roundtable
Summary of roundtable discussion comprising members of Bank of England and Centre for Economic Policy Research shows above-target inflation expected to be temporary
Why monetary base control can offer stability
There is a way of replicating the big achievements of the gold standard without going back to gold, argue Brendan Brown and Robert Pringle.
UK think tank forecasts 8% rates by 2012
Though now at record lows, Policy Exchange chief economist Andrew Lilico says interest rates in the United Kingdom may rise to 8% by 2012 to overcome double digit inflation
Rate round-up: Hungary, Israel hold on uncertainty
Continued uncertainty in global and domestic economy prompts Hungary, Israel to leave rates unchanged
BoE considers option of further stimulus
Bank of England minutes show the Monetary Policy Committee opted to keep stock of asset purchases constant despite downward pressure on growth
IMF: bond issuance creates more effective monetary policy channel
IMF study says government bond issuance can help mop up excess liquidity, making monetary policy more effective
Korea’s Kim: interest rate hikes had limited impact
Bank of Korea governor Kim Choong-soo says current monetary policy stance remains accommodative
NZ’s Bollard: goods tax to have temporary inflationary effect
Reserve Bank of New Zealand governor Alan Bollard says recent tax on goods and services will only have temporary effect on inflation
Rand volatility a by-product of open economy: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says currency fluctuations are to be expected; stresses opposition to fixed exchange rate, dropping inflation targeting
Vietnam continues dong devaluation
State Bank of Vietnam devalues the dong for the third time in the past 12 months
Iceland slashes on strengthening króna
Central Bank of Iceland cuts rates by one percentage point as it prepares to buy foreign currency following króna gains
Beijing welcomes world into interbank capital market
People’s Bank of China grants foreign banks and central banks access to interbank bond markets for the first time; move inspired by need to internationalise the renminbi
RBA minutes: inflation hits new low
Minutes of Reserve Bank of Australia’s August meeting show inflation fell to three year low in July
King writes third letter in a row to government explaining above-target inflation
Bank of England governor Mervyn King pens year's third letter to account for inflation of more than one percentage point above target; stresses health of long-term expectations, but economists unsure
Tokyo story
Robert Pringle reports from Tokyo on how the crisis has impacted Japan’s outlook.
Donald Kohn: a life in central banking
The outgoing vice chairman of the Federal Reserve Board has spent 40 years at the central bank. He tells Blair Baker about the significant evolution in policymaking he has witnessed and, latterly, overseen.
Interview: Gill Marcus
The governor of the South African Reserve Bank talks to Ramya Jaidev about some of the challenges central bankers are facing both in South Africa and around the world.
Interview: Charles Plosser
The president of the Federal Reserve Bank of Philadelphia talks to Claire Jones about financial reform, how monetary policymaking needs to change and the dangers of assuming central bankers can remedy all economic ills.
Indian inflation back in single digits on back of Reserve Bank hikes
Official data on wholesale price index show inflation fell to 9.97% last month
Fed’s Hoenig: we risk repeating past mistakes
Federal Open Market Committee dissenter warns that US economy requires prolonged period of rebalancing that low rates alone cannot tackle