Monetary Policy
Norges Bank Monetary Policy Report, March 2007
Norges Bank published its First Monetary Policy Report (previously called the Inflation Report) for March 2007 on Thursday 15 March. In spite of strong growth in output and employment, inflation has not picked up so far.
Sweden's Ingves on interest rate & monetary policy
In the speech 'The interest rate path and monetary policy' given on 14 March Stefan Ingves of the Sveriges Riksbank said the Swedish central bank rate-setters are only expecting to need to make moderate increases in the interest rate.
SNB hikes interest rates by 25 points
The Swiss National Bank (SNB) raised interest rates by 25 basis points Thursday 15 March, citing the excellent shape of the Swiss economy and a slight upward trend in inflation.
Minneapolis Fed's Stern on U.S. monetary policy
In a speech given on 9 March Gary Stern of the Federal Reserve Bank of Minneapolis said it is uncertain whether the effectiveness of U.S. monetary policy is diluted by growing global financial market integration.
BoE's Bean reappointed to MPC
Charlie Bean, the Bank of England's chief economist, has been reappointed to the rate-setting Monetary Policy Committee for a further three year term from 1 June, the central bank confirmed Wednesday 14 March.
RBI to act on price stability says Mohan
The Reserve Bank of India will take all possible monetary measures to maintain price stability, deputy governor Rakesh Mohan said on Wednesday 14 March.
Buba's Weber not saying ECB rates are appropriate
Bundesbank president Axel Weber said Tuesday 13 March he would not describe current euro zone interest rates as "appropriate".
OECD's Cotis says US recession unlikely
OECD chief economist Jean-Philippe Cotis said Tuesday 13 March he does not expect a recession in the US.
Fed's Kroszner on liquidity and monetary policy
In the speech 'Liquidity and monetary policy' given on 9 March Randall Kroszner of the Federal Reserve said deregulation and financial globalization have led to competition among currencies and kept long-term interest rates down.
ECB's Bini Smaghi says rates depend on growth data
Interest rates "must adjust" to combat inflation if economic growth continues, European Central Bank executive board member Lorenzo Bini Smaghi told Italian daily La Stampa in an interview published Sunday 11 March.
Liebscher says ECB job not finished yet
European Central Bank council member Klaus Liebscher said in an interview published Monday 12 March the bank can't consider its job done after seven interest-rate increases because inflation remains a threat.
China vows more flexible yuan with trade surplus
In a possible attempt to address overseas pleas to address China's record trade surplus, central bank governor Zhou Xiaochuan said Monday 12 March that exchange rate policies could go some way toward tackling the problem.
ECB policy on 'accommodative side' says Weber
Bundesbank president Axel Weber said Friday 9 March the European Central Bank's monetary policy remains "on the accommodative side" even after Thursday's rate hike.
Bank of France attacks ECB strategy
According to this article from The Daily Telegraph, published Friday 9 March, the ECB has received an unprecedented attack on the "reliability" of its strategy by the Bank of France and a barrage of attacks by French leaders.
RBNZ Monetary Policy Statement, March 2007
The Reserve Bank of New Zealand published its March 2007 Monetary Policy Statement on 8 March. The report said recent indicators show clear evidence of a pick-up in economic activity in late 2006 and early 2007.
Trichet says ECB may not be done yet on rates
European Central Bank president Jean-Claude Trichet said Thursday 8 March he is not saying that ECB interest rates are necessarily at a peak after increasing interest rates.
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent Tuesday 6 March saying the risks to its forecast remain balanced, despite the wild swings in global financial markets recently.
Fed's Bernanke on globalization & monetary policy
In the speech 'Globalization and monetary policy' given on 2 March Ben Bernanke of the Federal Reserve said global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S…
BoE's Lomax on the MPC coming of age
In the speech 'The MPC comes of age' given on 28 February Rachel Lomax of the Bank of England highlighted that the central bank will fulfil its duty of meeting the inflation target rate over the medium term.
SNB's Jordan hints at further rate hikes ahead
Thomas S Jordan, alternate member of the Swiss National Bank's governing board, suggested Tuesday 27 February in a speech that the SNB will again raise interest rates at its meeting this spring.
BoJ says forward-looking policy, data can coexist
Minutes from the Bank of Japan's policy board meeting of Jan 17-18 released Monday 26 February showed members agreed that the central bank does not change interest rates based on a schedule set in advance and that it can maintain its forward-looking…
Riksbank's views on evaluation of monetary policy
Both the Executive Board and the General Council are presenting their views on the report "An Evaluation of Swedish Monetary Policy between 1995 and 2005". In a press release on Monday 26 February the Riksbank said the Executive Board agrees with several…
Riksbank's Ingves on monetary policy
In the speech 'Introduction on monetary policy' given on 22 February Stefan Ingves of the Sveriges Riksbank said emphasised that the Riksbank's decision to publish our own forecast for the interest rate should be regarded as a further step towards…
Japan's Ota warns BoJ about tightening
Japanese economic and fiscal policy minister Hiroko Ota on Friday 23 February warned the Bank of Japan against further credit tightening.