Monetary Policy
IMF assesses money's role in policy
The International Monetary Fund has published research looking at the role of money in monetary policy.
BoE rate low but homeowners face price surge
UK mortgage costs hit an eight-year high at the end of June despite the Bank of England's key rate remaining at 5%, its lowest level for more than two years.
Differences between Fed and ECB overplayed
The divergences between the Fed's dual mandate and the European Central Bank's (ECB) task of maintaining price stability have little impact on policy in the medium- to long-term, notes Ignazio Visco, a deputy director general at the Bank of Italy.
Tightening prospects fade in Japan
The prospects for a rate hike in Japan in the near future have become even smaller after a quarterly report by the Bank of Japan indicated that economic conditions have worsened in eight of the country's nine regions since April.
Rising fuel prices spur Israel's rate hike
Concern over rising fuel prices led Stanley Fischer, the governor of the Bank of Israel, to opt for a quarter-point rate rise at last month's meeting of the central bank's monetary policy committee.
Banco de la Republica, Colombia minutes
The board of directors of the Banco de la Republica Colombia decided unanimously to leave the intervention rate at 9.75%, the minutes of the 20 June meeting show.
Interest rates in inflation-targeting countries
A new paper from the Reserve Bank of Australia examines whether long-term nominal interest rates in inflation-targeting economies are determined abroad.
Bank Indonesia hikes rates
Indonesia's central bank raised rates for the third time in a row as the fuel price hike and soaring food prices pushed inflation to above 11% in June.
Have Australian rates peaked?
The statement accompanying the latest monetary-policy decision of the Reserve Bank of Australia suggests that the central bank's long cycle of monetary tightening may be over.
Should the public read inflation reports?
A new paper published by the Czech National Bank offers a way to evaluate consistency in central bank communication.
Central Bank of Brazil minutes
Rate setters in Brazil were unanimous in their decision to raise the Selic target to 12.25% p.a., the minutes of the 3 and 4 June monetary policy committee meeting show.
Real interest rates in Sweden
New research from the Sveriges Riksbank discusses the concept and development of the real interest rate and the real repo rate in Sweden.
Swedish rates up, more to come
Sweden's central bank has raised rates by a quarter point to 4.5% - a new 12-year high - with the promise of two further hikes this year.
ECB raises rate to 4.25%
The European Central Bank (ECB) has raised interest rates for the eurozone for the first time in a year.
Weaker unions will limit inflation: BIS's Knight
The outgoing head of the Bank for International Settlements (BIS) offered some succour to central bankers on Monday, saying that the decline of unionisation will mean the second-round effects of the recent surge in global food and commodity prices will…
Eurozone inflation surges to 4%
Euro-area annual inflation is expected to have soared to a fresh high of 4% in the year to June, data released Monday revealed.
Inflation targets impact medium-term expectations
A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…
Policy must consider credibility: Canada's Carney
Mark Carney, the governor of the Bank of Canada, has stressed that central bankers must consider the impact that greater monetary-policy flexibility has on credibility.
India's Reddy champions growth for all
Economic growth should only be an objective of the Reserve Bank of India if wealth creation is inclusive, says Y.V. Reddy, the governor of the central bank
Slovakia faces up to inflation threat
Ivan Sramko, the governor of the National Bank of Slovakia, details how the authorities are tackling the threat of inflation in the run up to euro accession and beyond
Colombia's communication challenge
Jose Dario Uribe, the governor of the Banco de la Republica, is well aware of the dangers of letting above-target inflation influence long-term price expectations. But it is trickier convincing others
Bank Indonesia braced for rising prices
Analysts should not doubt the central bank's inflation-fighting credentials, says Budi Mulya, a deputy governor at Bank Indonesia.
Canada to accept US Treasuries for the first time
The Bank of Canada will accept US Treasuries as collateral for the first time ever on Monday.
Egypt hikes rates to combat rampant inflation
The Central Bank of Egypt hiked its benchmark rate half a point and its discount rate a full percentage point on Thursday in a bid to combat inflation, now at a 19-year high.