Monetary Policy
Fed will shun Mishkin's call for explicit goal
Despite Frederic Mishkin's rigorous advocation, much stands in the way of the departing governor's wish for the Fed to adopt an explicit inflation goal. But it may not need to, writes Claire Jones, the editor of Central Bank News.
BoE's Blanchflower steps up call for cuts
David Blanchflower, a member of the Bank of England's monetary policy committee (MPC), issued an apocalyptic forecast about Britain's economic prospects, and urged immediate interest rate cuts of at least 25 basis points to prevent the country falling…
Japan inflation hits highest level for a decade
Japanese annual inflation jumped 2.4% in July, up from 1.9% in June.
Divorcing money from monetary policy
By paying interest on reserve balances at the central bank's target interest rate, a central bank can increase the supply of reserves without driving market interest rates below its target, says a new paper from the New York Federal Reserve.
ECB's Weber signals little support for cuts
Inflation fears could undermine prospects of lower eurozone interest rates, Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, indicated.
Chile's De Gregorio hints at further hikes
Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.
Turkey's Yilmaz confident on inflation targets
Inflation targets set for the next three years are attainable even if food and energy prices continue to rise quickly, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Thailand braves politician's wrath, hikes rates
The Bank of Thailand has raised its key rate a quarter point for the second-straight month to 3.75% despite the Thai finance minister's objections to the July decision.
Rate rise next move: Fed
The next change to the federal funds rate is likely to be an increase, the latest Federal Open Market Committee minutes show.
Domestic inflation influenced by global factors
Common shocks, similar policy reactions, international trade and financial links are significant common components in global inflation rates, finds a new paper from the St Louis Federal Reserve.
Inflation dynamics in Turkey
A new paper from the Central Bank of Turkey examines monetary pressures and inflation dynamics in the domestic economy.
Papua New Guinea's Kamit on independence
It was crucial that the central bank's independence was accompanied with wide-reaching finance industry reforms, said Wilson Kamit, the governor of the bank of Papua New Guinea.
Focusing on headline could induce volatility
Policies that react to headline inflation can induce different macroeconomic effects than those reacting to core inflation, a new paper from the Federal Reserve Board finds.
BoJ minutes: Japan's economy slowing
Japan's economic growth has slowed further, reflecting weaker growth in business fixed investment and private consumption, say the minutes of the Bank of Japan's Monetary Policy Council meeting on 14 and 15 July.
SA may target different inflation measure
The South African Reserve Bank may target a different measure of inflation from 2009 onwards, the country's finance minister is reported as saying.
Errors in inflation forecasts
A new paper from the Central Bank of Chile assesses inflation forecasts from the Survey of Professional Forecasters for forecast errors for the period 2000 to 2008.
Thai king lavishes praise on Watanagase
Bhumibol Adulyadej, the king of Thailand, has thanked Tarisa Watanagase, the governor of the country's central bank, for her work in stabilising the economy.
Gold standard and price-level targeting
A new paper from the Bank of Canada compares the gold standard and with price-level targeting regime.
Georgian violence prompts rate cut
The National Bank of Georgia has cut rates to combat the economic impact of the country's conflict with Russia.
Fed hawk Fisher softens stance
Richard Fisher, the president of the Dallas Federal Reserve and the lone dissenter on the last two Federal Open Market Committee (FOMC) votes, has acknowledged that slowing growth and a slump in commodity prices may stem inflation.
Bank split three ways for second straight month
The Bank of England's monetary-policy dilemma was further underscored on Wednesday when the minutes of the August rate-setting meeting revealed a three-way split.
Zimbabwean inflation soars to 11.2m%
Zimbabwe's official annual inflation rate rocketed by more than 9m percentage points last month to 11.2m%, up from 2.2 m% in the year to June.
Eurozone slump may fail to subdue inflation
The Bundesbank warned on Monday that weaker growth may not adequately curb inflation.
British business calls on Bank to cut rates
One of the most influential lobbying groups for British businesses has urged the Bank of England to cut rates soon.