Monetary Policy
Anchoring inflation key - Finland's Liikanen
The anchoring of inflation expectations in line with price stability is of prime importance, said Erkki Liikanen, the governor of the Bank of Finland. Rising commodity prices should not be allowed to generate second round effects on euro area inflation.
Turkish disinflation delayed by global conditions
Rising global uncertainty and rampant food and energy price growth may lead to some delay in reaching the inflation target, the March Monetary Policy Committee Meeting minutes of the Central Bank of Turkey state.
Sri Lanka rebuts IMF report
The Central Bank of Sri Lanka has countered claims, made in an International Monetary Fund report, that poor decision-making has contributed to high inflation in the country.
Bank of Japan survey shows confidence on the wane
The Bank of Japan is likely to adopt a more dovish monetary policy stance and revise growth estimates downwards on the back of a poorer-than-expected Tankan survey.
Australia leaves rates at 12-year high
The Reserve Bank of Australia left rates at 7.25% - their highest level since April 2006.
Hungary raises rates by half a point
The National Bank of Hungary hiked rates by 50 basis points on Monday 31 March from 7.5% to 8%.
RBA's Stevens on the future of liquidity provision
It is likely that arrangements for providing liquidity will continue to be discussed, said Glenn Stevens, the governor of the Reserve Bank of Australia.
ECB in a quandary as inflation rises sharply
The European Union's statistics office said on Monday 31 March that consumer price inflation accelerated to 3.5% this month from 3.2% in February, the biggest rise since June 1992, further exacerbating the European Central Bank's (ECB) monetary policy…
China stands firm on monetary policy
The People's Bank of China said on Monday 31 March, after its first quarter monetary policy committee meeting, that it would maintain its firm attitude to monetary policy, using instruments "in a measured manner".
Deutsche Bank dismisses ECB conflict concerns
Deutsche Bank's chief economist sees no serious conflict between the European Central Bank's price stability objectives and its lender-of-last-resort function.
Kansas Fed finds changing inflation dynamics
This research by the Kansas Federal Reserve finds that the dynamics of inflation and long-term inflation expectations have changed over the last two decades.
Fed's Mishkin makes his point on inflation
In one of his strongest advocacies of inflation targeting since joining the Federal Reserve in 2006, Frederic Mishkin argued that countries should adopt a specific point objective for price stability rather than having a target range.
Decade-high inflation will not impact BoJ policy
The Bank of Japan remains more likely to cut than hike rates this year despite inflation climbing to its highest level since the 1990s in February, according to analysts.
Fed's Stern ponders on asset-price stance
Gary Stern, the president of the Minneapolis Federal Reserve, has acknowledged that the central bank may need to review its policy of non-interference with asset prices in the wake of the recent turmoil.
France's Noyer: we will beat inflation
"Is inflation set for a comeback?" asked Christian Noyer, the governor of the Banque de France, in a speech in Paris. It might look that way, but central banks can still save the day was his answer.
South African inflation rockets to 9.4%
Soaring food and transport costs prompted South Africa's inflation rate to leap by more than half a percentage point in February.
Polish rate-setter hints at further hikes
A member of the National Bank of Poland's rate-setting board said he expected rates to surpass 6% following the decision to raise rates on Wednesday 26 March.
Romania raises rates to 9.5%
The National Bank of Romania hiked rates by half a percentage point for the third straight month as inflation hit 8%.
Czech challenges in monetary policy
A new paper published by the International Monetary Fund concludes that Czech National Bank will have to raise rates if the proposed reduction of the inflation target in 2010 is not fully incorporated into public-sector behaviour and inflation is above…
Iceland makes emergency hike as krona plummets
The Central Bank of Iceland raised rates by a massive 125 basis points to 15% on Tuesday 25 March, little over a fortnight before its next scheduled rate-setting meeting.
Israeli rates hit record low with half-point cut
The Bank of Israel cut its base rate to a new low of 3.25% on Monday 24 March.
Mauritian key rate down to 8.5%
The Bank of Mauritius chopped half a point off its benchmark repo rate on Monday 24 March.
Monetary policy decisions: inputs and outcomes
A new paper from the Bank for International Settlements compares the practices of research and briefing prior to monetary policy decisions at several central banks, and looks at how decisions are presented and explained to markets and the public.
South African politicians want say on rate votes
Lawmakers have called on the South African Reserve Bank to take their opinions into account when setting rates.