Monetary Policy
Price plunge won't herald deflation: ECB's Mersch
Though a fall in the price index at some point in 2009 is likely, such a slump should not be seen as a harbinger of deflation, Yves Mersch, the governor of the Central Bank of Luxembourg and a member of the European Central Bank's (ECB) Governing Council…
Japan holds, warns recovery to "take some time"
The Bank of Japan left rates on hold at 0.3% on Friday and warned that the country's ailing economy was unlikely to recover soon.
BoE's Gieve: further reductions required
Further reductions in bank rate may be necessary, said Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England.
Swiss shock with 100 basis-point cut
The Swiss National Bank (SNB) surprised markets on Thursday by slashing its rate-target band by a full percentage point on signs of a sharp slowdown.
Turkey changes tack and cuts rates
The Central Bank of Turkey has shifted its monetary policy stance and cut rates on signs of slowing growth and below-target inflation in the years to come.
Croatia counters liquidity tensions
The Croatian National Bank on Thursday cut its reserve requirement by three basis points in a bid to ease liquidity strains.
Bank's Besley: inflation below target in 2009
Inflation is likely to fall below target next year despite the upward pressure on inflation from the weakening pound, said Timothy Besley, a member of the Bank of England's Monetary Policy Committee.
Euro a solution for currency risk: Hungary's Simor
Euro adoption could help eliminate potentially dangerous currency mismatches, said Andras Simor, the governor of the National Bank of Hungary.
Bank could have cut by 200bp
Members of the Bank of England's Monetary Policy Committee, who shocked markets earlier this month when they slashed rates by 150 basis points, had considered an even bigger cut.
Trichet defends decision to keep minutes secret
Jean-Claude Trichet, the president of the European Central Bank (ECB), has defended the institution's decision to keep details of its monetary policy meetings under wraps, saying the publication of minutes could damage credibility.
Fed's Kohn unconvinced rates should burst bubbles
The Federal Reserve's vice-chair believes it is still wrong for monetary policy to aim at bursting asset price bubbles despite events since last summer.
Public to blame for inflation: Zimbabwe's Gono
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has said the public are to blame for the country's bout of hyperinflation.
British inflation dips by record amount
British annual inflation fell to 4.5% in October, down from 5.2% the previous month, on the back of the slump in oil prices. The 0.7 percentage point slide is the biggest since January 1997, when official records began, and since April 1992 based on…
RBA justifies November cut
An attempt to reduce the risk of a sharp weakening of demand was behind the Reserve Bank of Australia's cut in the cash rate by 75 basis points to 5.25%, according to minutes of the November meeting.
CNB's Singer: inflation to dip in 2009
Headline inflation is expected to drop below the current 3% inflation target in 2009 and to hit the new target of 2%, set for 2010, at the end of next year, said Miroslav Singer, a vice governor of the Czech National Bank.
Bank of Latvia - Annual Report 2007
Ilmars Rimsevics, the governor of the Bank of Latvia, praised Riga for implementing inflation-curbing measures, in the central bank's latest Annual Report.
Fed's Kohn: macro models wrong
Macroeconomic models used by central banks to inform their monetary-policy decisions are clearly inadequate, admitted Donald Kohn, the vice-chairman of the Federal Reserve.
Pakistan lifts rates to stem crisis
The State Bank of Pakistan raised interest rates by 2% in an attempt to control inflation, which has spiralled to 25%.
Pakistan's Akhtar: inflation alert
High inflation is hurting Pakistan's competitiveness and eroding the purchasing power of the poor, said Shamshad Akhtar, the governor of the State Bank of Pakistan.
Bank of England sees deep recession
The Bank of England sharply adjusted its outlook for growth and inflation in the British economy, saying it was "very likely" that the UK was already in a recession that could last until 2010.
Slovakia rates to keep up with the ECB
The National Bank of Slovakia (NBS) on Tuesday decided, at an irregular monetary meeting, to cut its key rate by half a point to 3.25%.
Carmaker to borrow from ECB
Volkswagen, a German carmaker, plans to tap the European Central Bank (ECB) for a €2.3 billion ($2.9 billion) loan in December.
RBI may need to cut again: former governor
Bimal Jalan, a former governor of the Reserve Bank of India, has said the institution could have to cut rates again so that banks can lower borrowing costs to a level businesses and the public can afford.
US inflation not persistent
A new paper from the Bank of Mexico finds that in the post-second world war period United States inflation has not proven persistent.