Monetary Policy
Mexican price spike compounds rate dilemma
Inflation jumped almost half a point in November to more than twice the Bank of Mexico's target adding to policymakers' woes ahead of the next rate decision slated for mid-January.
Co-movements highlight policy stance
Low-frequency co-movements between inflation and money growth, and short-term interest rates and money growth shed light on a central bank's monetary policy stance, states a paper from the Bank of England.
Canada in recession as rates cut to 50-year low
The possibility of a slump "broader and steeper than previously anticipated" sparked the Bank of Canada's decision to slash its key rate to its lowest level since 1958.
Ex-Fed staff divided on leaning against the wind
Four former senior Federal Reserve officials have offered four differing slants on one of the most hotly-debated topics in central banking.
India cuts to two-and-a-half year low
The Reserve Bank of India has slashed rates by 100 basis points in a bid to shore up rapidly flagging growth.
Commodity price rises don't spur core inflation
Spikes in commodity prices have tended to have a muted impact on core inflation in recent years, a paper published in the latest of the Bank for International Settlements' Quarterly Review has found.
Central bank employees and inflation credibility
Perceptions of inflation among central bank employees point to some disturbing trends, Jannie Rossouw, Johan Fourie and Vishnu Padayachee find
Inflation targeting under stress
The increasing global nature of the monetary and financial system presents challenges to inflation targeters, says George Kopits
New tools for central bankers?
The financial crisis has provided an opportunity to test the usefulness of new and previously unused policy instruments, argues Christopher Ragan
Forum: Tackling asset-price bubbles
Central Banking asked a select panel of former central bankers and advisors if the current crisis calls for a reevaluation of the policy response to asset prices
Interview: Masaaki Shirakawa
The governor of the Bank of Japan speaks to Robert Pringle about the lessons from Toyko’s fight against deflation to policymakers around the world today
Rate cuts won't work properly: BoJ's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, has indicated that monetary policy's role in alleviating current conditions is likely to be limited.
Hungary continues reversal of drastic hike
The National Bank of Hungary took another step towards reversing its 300 basis-point October hike on Monday, cutting its key rate by a half point.
Openness and clarity - Sweden's Rosenberg reflects
Openness and clarity are of central importance to policy effectiveness, said Irma Rosenberg, the first deputy governor of the Riksbank.
Fed's Plosser on crisis measures
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, discusses the Fed's dramatic departures from textbook central banking during the crisis.
BI surprises with quarter-point cut
Bank Indonesia surprised markets on Thursday with a 25-basis-point cut in its bank rate that boosted local markets.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Bumper day for cuts, three slash by record margin
The European Central Bank (ECB), the Riksbank and the Reserve Bank of New Zealand backed the biggest rate cuts in their history on Thursday, highlighting the pace at which the threat of a global depression has risen.
Don't forget inflation - Richmond's Lacker
Federal Reserves monetary policy needs to remain consistent and not allow inflation to accelerate over the business cycle, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Chile's rate meeting - minutes
Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.
Thailand slashes rates on "significant change"
The Bank of Thailand made its biggest-ever rate cut on Wednesday, sparked by what it termed a significant change in the economic environment.
Zero rates the only way out: ex-MPC members
Central bankers and global regulators must throw out the rule book on moral hazard, and act rapidly and decisively to fix the global financial meltdown, former members of the Bank of England's Monetary Policy Committee have said.
Buba's Weber: room for more monetary easing
Euro-area monetary policy has enough leeway for further easing if necessary, said Axel Weber, the president of the Bundesbank.
Australia's point cut marks seven-year low
The Reserve Bank of Australia has slashed its key rate by a full percentage point to 4.25%, its lowest level since December 2001.