Monetary Policy
India acts on stability fears
The Reserve Bank of India has cut rates for the second time in a fortnight and introduced a raft of liquidity measures to shore up financial stability.
Oil price plunge prompts Iraqi cut
The Central Bank of Iraq has cut its benchmark rate by a full percentage point to 15% days after the governor warned that the dismal global outlook and the slump in oil prices could drag the country into recession.
Bank of Japan split on rate cut
Bank of Japan policymakers were divided in making the first cut in more than seven years on Friday. The central bank lowered its overnight lending rate from 0.5% to 0.3% due to a "severe" adjustment in the world economy.
Blanchflower: I told you so on rate cut
David Blanchflower, an external member of the Bank of England's Monetary Policy Committee (MPC), criticised his fellow committee members for not taking a forward-looking approach, which meant rates had stayed too high too long.
Mauritius cuts after special meeting
The Bank of Mauritius has cut its benchmark interest rate by 50 basis points to 7.75% during a specially convened meeting on Friday.
MPC's Blanchflower calls for aggressive cuts
The Bank of England needs to sharply reduce the cost of borrowing to prevent a "deep and long-lasting recession", said David Blanchflower, an external member of the Bank's Monetary Policy Committee (MPC).
Fed rate cut of little consequence?
The Federal Reserve's half-point cut to its key rate - the federal funds target - may have triggered a surge in Asian and European stock prices on Thursday. But the policy change may have little bearing on the cost of borrowing it is meant to influence…
China cuts again on fears of slump
The People's Bank of China has lowered its key lending rate by 27 basis points to 6.66%.
Norway eases rates and collateral rules
Norges Bank lopped a further half point of its key rate on Wednesday and agreed to accept domestic bonds as collateral regardless of their credit rating.
ECB communicates well
European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.
G7 statements aid currency management
The G3 currencies move in the direction intended by the G7's communiques, research from the European Central Bank (ECB) indicates.
Four reasons for Iceland's headache
Iceland's financial problems are a result of a non-viable business model, finds a new paper by Willem Buiter and Anne Sibert from the Centre for Economic Policy Research (CEPR).
Iceland hikes rates by 600bp to access IMF funds
The Central Bank of Iceland has raised rates by a staggering 600 basis points to 18% to meet the conditions of the International Monetary Fund's (IMF) $2.1 billion loan.
Slovakia cuts rates in line with ECB
The National Bank of Slovakia shifted its policy rate for the first time in 17 months on Tuesday, cutting by half a point to 3.75% - on par with the European Central Bank's (ECB) benchmark borrowing cost.
Trichet hints at rate cut
Jean-Claude Trichet, the president of the European Central Bank (ECB), on Monday signalled the Governing Council would cut interest rates at its next meeting on 6 November.
Korea cuts by 75bp on signs of slowdown
The Bank of Korea on Monday slashed its key rate by 75 basis points in a surprise move to counter an economic slowdown. The central bank also broadened its collateral rules to include some mortgage-backed securities on signs of a liquidity shortage.
Korea's Lee urges caution
Central banks need to be cautious in coping with price pressures as financial markets are very unstable and their future direction is unclear, said Seongtae Lee, the governor of the Bank of Korea.
Convergence will cut CNB's losses
The Czech National Bank should be able to repay its foreign-exchange-related losses by 2023 as the economy converges with developed economies, finds a new paper from the central bank.
Denmark bucks trend with rate hike
The National Bank of Denmark unexpectedly raised rates by half a point to 5.5% on Friday to support the krone.
New Zealand chops a point off rates
The Reserve Bank of New Zealand slashed its benchmark rate by a full percentage point on Thursday, citing concerns over global growth.
Riksbank cuts to counter higher borrowing costs
The Riksbank cut rates by half a point on Thursday, and pledged to loosen further, to temper tighter credit conditions in Sweden.
CNB's inflation-targeting review
The Czech National Bank has published a collection of research papers to commemorate ten years of inflation targeting.
Forint's slide prompts drastic hike in Hungary
The National Bank of Hungary on Wednesday hiked rates by 300 basis points to 11.5% on Wednesday after the forint's slump against the euro intensified.
Monetary policy and exchange-rate interaction
Research from Norges Bank shows a high degree of interaction between monetary policy and exchange rates.