Monetary Policy
BoE's Besley sees reduction in consumption growth
Speaking at the Institute for Fiscal Studies, London, on 18 February, Timothy Besley, a member of the Bank of England's Monetary Policy Committee, said that recent shocks to the UK economy "have created a challenge to policy."
Dynamic pricing and imperfect common knowledge
This paper by Kristoffer Nimark of the Reserve Bank of Australia introduces private information into the dynamic pricing decision of firms in an otherwise standard new Keynesian model by adding an idiosyncratic component to firms' marginal costs.
Japanese rates on hold, strong growth won't last
The Bank of Japan opted to leave rates unchanged for the 14th straight month and said the recent surge in growth would prove short-lived.
Eurozone growth falls, raises chances of Q2 cut
Chances of the European Central Bank (ECB) cutting rates later this year rose as data revealed the pace of growth slackened in the eurozone in the fourth quarter of last year.
Turkey continues cutting rates
The Central Bank of Turkey has voted to cut rates for the sixth straight month.
Chances of big cut diminish on Bernanke testimony
Market predictions of another cut to the federal funds rate of at least 50 basis points looked far from certain, following comments from Ben Bernanke, the chairman of the Federal Reserve.
Iceland holds rates at 13.75%
The Central Bank of Iceland has kept rates at 13.75% in spite of a poorer inflation outlook.
Korea keeps rates at 5%
The Bank of Korea opted to hold rates for the sixth straight month in the face of rising inflation.
IMF head wants harmonisation of collateral rules
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has called on central banks to coordinate policy on open-market operations.
Riksbank surprises markets with rate hike
The Riksbank confounded expectations on Wednesday by hiking rates to 4.25%.
Old Lady stays cautious in latest Inflation Report
The Bank of England maintained its delicate balancing act between emphasising the upside risks to inflation and signalling that it still has room to cut rates in its latest Inflation Report, published Wednesday 13 February.
Philippines's Tetangco warns on inflation risks
Prospects of further rate cuts in the Philippines dimmed after Amando Tetangco, the governor of the central bank, highlighted risks to the inflation outlook.
ECB's Trichet reaffirms price stability commitment
Jean-Claude Trichet, the president of the European Central Bank (ECB), explained the thinking behind the eurozone lender's recent policy decision and shift in stance.
Policy forecasts don't damage markets
Central bank guidance about, or explicit forecasts of, likely future policy rates does not impair market functioning, research published by the Bank for International Settlements suggests.
Poole outlines problems of predicting Fed rates
Attempts by the Federal Open Market Committee (FOMC) to provide forward guidance in the policy statement cause more communications difficulties than they solve, says William Poole, the president of the St Louis Federal Reserve.
UK inflation creeps higher
British CPI inflation edged further above the Bank of England's 2% target in January.
Demand for Fed money up in latest auction facility
Results of the latest Term Auction Facility operation reveal a slight rise in demand for Federal Reserve funds.
Chances of rate cut fall on UK inflation data
Further monetary loosening in Britain looked less likely after factory-gate inflation hit its highest level since 1991.
Further rate hikes to come, says RBA
The Reserve Bank of Australia has signalled its intention to raise rates.
Cutting rates a mistake, says Israel's Fischer
Stanley Fischer, the governor of the Bank of Israel, has rebuffed calls to lower rates, saying inflation was too high to warrant a cut.
Punchbowl didn't need re-spiking: Fed's Fisher
Using a barrel of alcohol-related comparisons, Richard Fisher, the president of the Dallas Federal Reserve, explained why he was the only member of the Federal Open Market Committee not to back the recent 50 basis point cut.
Chile holds rates at 6.25%
Concern regarding the global outlook has prompted the Central Bank of Chile to leave rates unchanged in spite of concern over inflation.
Fed's Yellen gloomy on inflation
Janet Yellen, the president of the San Francisco Federal Reserve, has expressed concern over recent developments in inflation in the United States.
BoE makes expected rate cut
The Bank of England's Monetary Policy Committee cut rates to 5.25%, as widely expected.