Monetary Policy
Russia chops another half point off benchmark rate
Central Bank of Russia cuts key rate to lowest since July 2008
Bank surprise boosts sterling
Bank of England’s decision to hold quantitative easing programme at £125 billion sends pound up against euro and dollar
Banks’ capitalisation matters for monetary policy
Bank of Finland looks at the role of the banking sector in the monetary-policy transmission mechanism in an emerging economy with a rapidly developing financial system
UK government wards Bank off leaning against wind
Alistair Darling’s long-awaited proposals beef up bank regulation but say the Bank of England should avoid leaning against the wind with rate moves
Nigeria liberalises FX regime, looks to spur liquidity
The Central Bank of Nigeria’s new governor displays intent to move rapidly to fix the financial sector
German finance minister warns ECB on liquidity overhang
Peer Steinbrück joins Angela Merkel in warning of potential inflationary impact of central bank’s extraordinary measures
Ex-IMF’s Johnson queries NY Fed’s bubble-bursting claims
Former International Monetary Fund research head challenges New York Fed’s Dudley claim that central bank can burst bubbles
Riksbank moves into negative rate territory
Sweden’s central bank, the world’s oldest, will on Wednesday become the first since the crisis began to penalise banks for holding deposits
A fifth of prices change each month in Belgium
National Bank of Belgium examines how frequently prices change in Belgium
NY Fed’s Dudley: central banks must look to lean against the wind
New York Federal Reserve president backs calls for central banks to counter bubbles
BoJ’s Shirakawa: monetary policy not enough against bubbles
Bank of Japan governor says more policy tools required to preserve stability
East Asia-Pacific central banks softened US shocks
Hong Kong Monetary Authority research finds East Asia-Pacific monetary authorities dampened shock from United States money market
RBI's Subbarao: India must go for growth
The governor of the Reserve Bank of India says restoring growth to pre-crisis levels and de-mystifying the office of the governor are among his main objectives for his first term at the helm
RBI's Subbarao on reviving growth, decoupling and global imbalances
The governor of the Reserve Bank of India discusses his objectives for his first term and how the decoupling argument needs to be revised
In return to normality, fiscal order must come first
Governments must put their books in order before central bankers raise rates, say economists
Central concerns
José Manuel González-Páramo, a member of the ECB’s executive board, talks to Risk about the role of the central bank and the need for greater oversight and transparency in the derivatives market
BIS's Cecchetti moots longer time horizon for monetary policy
Central banks may need to stretch their time horizons for inflation targeting to successfully combat financial instability, says Bank for International Settlements’ Stephen Cecchetti
BIS's Cecchetti on inflation, imbalances and instability
The head of the Bank for International Settlements' monetary and economic department, on how central-bank policy should change in light of the crisis
Weaker CBs must work harder in face of shock
Central banks with less credibility must work harder to combat a cost shock
Bank’s second monetary-policy roundtable
Bank of England summarises its monetary-policy roundtable
Fed's Yellen: rates may stay low for years
Janet Yellen, the president of the San Francisco Federal Reserve and a respected senior US policymaker, has given a bleak assessment of the US economy’s prospects
Mexico's Ortiz - crisis shows how far we've come
Ability to cope with turmoil is a sign of success of monetary-policy reform, says Bank of Mexico governor
Eurozone inflation negative for the first time
Euro-area inflation has headed below zero
Ortiz on governance, risk and Mexico's progress
The Bank of Mexico governor and BIS chairman discusses central bank governance, monitoring systemic risk and why Mexico has managed to avoid a financial meltdown despite being hard hit by the crisis