Monetary Policy
SARB's Mboweni on monetary policy and the markets
In the speech 'Monetary policy and the markets: A two-way street' given on 7 September Tito Mboweni of the South African Reserve Bank said central banking has come a long way since the days, not too many years ago, when monetary policy was shrouded in…
Frederic Mishkin sworn in as Fed board member
Frederic S. Mishkin on Tuesday 5 September took the oath of office as a member of the Board of Governors of the Federal Reserve System.
Trichet says ECB's rate message is clear
European Central Bank President Jean-Claude Trichet said on Monday 4 September that his message on interest rates following last Thursday's policy meeting is clear.
Tanigaki says fiscal reforms must speed up
Japan cannot be slow in implementing fiscal reforms given its ageing population and rising global interest rates, Finance Minister Sadakazu Tanigaki said on Tuesday 5 September.
Bank capital, asset prices and monetary policy
In this Bank of England Working Paper the authors study a general equilibrium model in which informational frictions impede entrepreneurs' ability to borrow and banks' ability to intermediate funds.
ECB keeps rates steady
The European Central Bank left its benchmark interest rate unchanged at 3% as expected.
Brazil surprises with half-point cut
Brazil's central bank slashed its interest rates by a larger-than-expected 0.5% on Wednesday.
Duguay on Canada's response to global changes
Canada has responded well to a dramatic change in its terms of trade, according to Pierre Duguay, a deputy governor of the Bank of Canada.
Sweden raises rates
Sweden's central bank raised it benchmark interest rate by 0.25% in a move anticipated by the market.
Fed minutes indicate a "close call"
Minutes of the Federal Open Market Committee showed a 9-1 vote on 8 August in favour of keeping interest rates on hold.
Tunisia holds rates
Tunisian interest rates were unmoved after the monthly meeting of the central bank's executive board on Tuesday.
Iran unafraid of sanctions
Iran will be prepared for the economic consequences of UN sanctions, the governor of the country's central bank, Ebrahim Sheibani, said on Friday.
Hungary raises interest rates
The Hungarian central bank surprised markets with a half-point rate hike on Monday.
Interest rates round-up
A brief round-up of recent interest rate decisions in central banks in emerging markets.
NBER paper on optimal monetary policy
An NBER research paper on optimal monetary policy concludes that, in the presence of price stickiness, policymakers should focus their efforts actions towards low inflation volatility.
Czech central bank holds rates
Thursday's meeting of the Czech National Bank's governing board ended with rates being held at 2.25%, a spokeswoman said.
Swedish deputy on currency unions
In a speech in to celebrate the Bank of Uganda's 40th anniversary, the first deputy governor of Sveriges Riksbank talks about how countries should prepare themselves for joining a monetary union.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.
South African Reserve Bank releases annual report
According to the Reserve Bank's 2006 Annual Economic Report released on Wednesday 23 August, South Africa's current account deficit widened to a seasonally adjusted and annualised R98.9-billion in the first half of 2006 from R58.7-billion in the first…
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Norges Bank raises interest rates
In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".
Thai governor calm over strong baht
Pridiyathorn Devakula, the governor of the Bank of Thailand governor, reassured domestic exporters and investors on Tuesday that the baht is being closely monitored and said that its current value is neither too high or low.
Chicago Fed reviews explicit inflation targeting
The Federal Reserve Bank of Chicago president and CEO, Michael Moskow, considers whether the Fed should now adopt explicit numerical guidelines or targets for inflation.
How the People's Bank is shaping China's financial sector
Hui Feng explains how China's Central bank has become the leading force in the country's banking reform and financial restructuring