Monetary Policy
NZ finance minister knocks CB migration plans
Michael Cullen, New Zealand's finance minister, criticised the Reserve Bank of New Zealand's proposal to limit immigration in order to curb rising house prices in parliament today.
Inflation will remain low - Taiwan governor
Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), said that central bank strategy had ensured inflation remained low and stable, and that it would continue to do so.
Trichet answers back on inflation and jobs
Jean-Claude Trichet responded to criticisms that the euro hampers employment in an interview published 11 August.
National Bank of Ukraine - Annual Report 2006
The National Bank of Ukraine said that conditions improved in 2006 after a poor 2005 because household incomes increased as unemployment declined. But inflation did rise from 10.3% to 11.6%.
Australia expects 3% inflation by year end
The Reserve Bank of Australia has revised its inflation forecast to the top of its 2%-3% target range following its latest consumer price index (CPI) figures.
Bank of Finland - Annual Report 2006
The Bank of Finland has published its annual report.
Chilean rates reach five-year high
Chile's central bank lifted its overnight lending rate to the highest in five years, and suggested that additional tightening is likely to be needed to keep inflation anchored around the 3% inflation target.
Monetary policy and credit constraints
This research discussion paper from the Reserve Bank of Australia suggest that while effect of a change in the monetary policy interest rate on aggregate demand may be larger at higher levels of indebtedness, the extent of credit constraints may be at…
Kansas Fed tests forecasting models with real-time
This technical paper examines the properties of tests of equal forecast accuracy applied to different regression models. In contrast to earlier work, it takes into account the real-time, revised nature of the data.
Korea looks to curb debt with surprise rate hike
The Bank of Korea raised its overnight call rate for the second time in as many months on Thursday in an effort to avoid household debt spiralling out of control.
Kenya raises rates as inflation rises by a quarter
The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.
Ghanaian president encourages CB cooperation
John Kufuor, the president of Ghana, has said that the Bank of Ghana should work in tandem with parliament to become "the cornerstone of the Golden Age of Business" in the jurisdiction.
ECB publishes monthly bulletin
The European Central Bank said it is monitoring prices closely to ensure that the eurozone escapes high inflation in the medium to long term in its latest monthly bulletin.
Bank of Jamaica - Annual Report 2006
Jamaica managed to impressively curtail inflation in 2006. The headline rate fell by more than half from 12.9% in 2005 to 5.8% last year.
Ghanaian governor celebrates 50th anniversary
Paul Acquah, the governor of the Bank of Ghana, talked about central bank developments and growth in the financial sector in a speech to mark the central bank's 50th birthday.
Australia raises rates to 6.5%
The Reserve Bank of Australia has increased interest rates by 25 basis points in an attempt to ward off inflation.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
BoE inflation report suggests rate hike
The Bank of England looks set to raise rates to 6%, after its August inflation report, released on 8 August, indicated that further hikes were needed to bring inflation down towards the 2% target.
South Africa details forecasting model
The Reserve Bank of South Africa has published a paper describing the key stochastic equations in its core model, which is used for forecasting purposes at Monetary Policy Committee (MPC) meetings.
Central Bank of Iran - Annual Report 2005/06
The Central Bank of Iran has published its annual report.
Indonesia holds rates
After two 25 basis point cuts in as many months, Bank Indonesia decided today to hold its benchmark interest rates at 8.25%
Mboweni predicts interest rate increase
Tito Mboweni, the governor of the Reserve Bank of South Africa, says the central bank is more likely to raise interest rates than reduce them at its policy meeting next week.
Bank of Greece - Annual Report 2006
The Bank of Greece has published a 100-page summary of its 2006 annual report.
Bank of Israel - Annual Report 2006
The Bank of Israel has published its 2006 annual report, reflecting on a strong year for the Israeli economy.