Monetary Policy
Malta - Annual Report 2007
Fiscal policy is the only short-term countercyclical instrument available since Malta joined the eurozone, said Michael Bonello, the governor of the Central Bank of Malta, in the latest Annual Report.
RBI: in support of interest futures
The Reserve Bank of India has published details of new measures to strengthen the development of the country's interest-rate future markets.
Turkey: past FX intervention worked
Direct foreign-exchange market interventions carried by the Central Bank of Turkey between 2002 and 2005 led to a fall in predicted volatility in the foreign-exchange market, a new paper from the central bank finds.
China shifts stance as inflation falls
The People's Bank of China has moved from a tightening to a neutral monetary-policy stance on the back of a drop in inflation in recent months.
Chile stands tough on inflation
The Central Bank of Chile raised rates to 7.75%, their highest level since December 1998, and warned that it was likely to hike again.
Mexico hikes again, but further moves unlikely
The Bank of Mexico raised rates for the third straight month on Friday but signalled that it would hold in the coming months in signs of a slump.
South Africa signals end to rate hikes
The South African Reserve Bank's tightening cycle appears to be at a close after the Pretoria-based central bank held rates at 12% on Thursday.
US inflation soars to 5.6%
US inflation hit its highest level since 1991 in the year to July.
RBA hints at September cut
Ric Battelino, the deputy governor at the Reserve Bank of Australia, on Thursday gave the central bank's strongest sign yet that it will cut rates at its next monetary policy meeting on 2 September.
Real exchange rates and monetary policy
Reserve Bank of Australia, the Bank of Canada and the Bank of England pay close attention to real exchange-rate movements, while the Reserve Bank of New Zealand does not, new research from the Bank of Canada finds.
ECB: inflation is here to stay
The European Central Bank sees increasing upside risks to price stability over the medium term, according to the central bank's August monthly bulletin.
Botswana to continue tightening
The Bank of Botswana will maintain its restrictive monetary policy, Linah Mohohlo, the governor of the central bank, said in the opening remarks to the mid-term monetary policy statement.
Asia needs to start raising rates
The recent rise in food prices will significantly impact inflation in Asian economies, according to new research from the Hong Kong Monetary Authority.
FOMC: blue chips and unemployment key indicators
Federal Open Market Committee members are more concerned with so-called "blue-chip" inflation expectations than with lagged actual inflation or analysts' inflation expectations, a new paper form the Dallas Federal Reserve finds.
Bank's outlook wintry for UK economy
The Bank of England gave a dismal forecast for the British economy on Wednesday, predicting inflation to rise to about three percentage points above its target and growth to fall sharply.
Norwegian rates likely to stay high
Norwegian rates, now at their highest level since January 2003, look set to remain at least as steep in the coming months.
Colombia fights above-target inflation
The board of directors of the Banco de la Republica Colombia were unanimous in deciding to raise the central bank's benchmark rate by 25 basis points to 10%, the minutes of the 25 July meeting show.
UK inflation soars to more than double BoE target
The Bank of England will publish its quarterly Inflation Report on Wednesday with annual inflation at more than double its 2% target.
US and European central banks too transparent
Major central banks such as the Federal Reserve, the Bank of England and the European Central Bank (ECB) may be too transparent, new research finds.
Chinese inflation falls for third-straight month
Chinese consumer price inflation fell to a ten-month low of 6.3% in the year to July.
RBA looking to lower rates
The Reserve Bank of Australia has reiterated that it will soon cut its key rate, now at a 12-year high, on signs that high borrowing costs are now curbing domestic demand.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.
Russia embraces euro
The euro has gained in importance in Russia as an anchor and reserve currency, according to a new paper from the European Central Bank.
Czechs move on currency fears
The Czech National Bank has cut its benchmark rate for the first time in three years in a bid to halt the koruna's climb.