Monetary Policy
SNB’s Jordan praises John Taylor legacy
The governor values how Taylor rule has provided policy guidance, becoming important benchmark
Czech exchange rate floor helped fight deflation – IMF paper
Range of methods imply exchange rate floor was effective measure
Central banks may be thinking wrongly about inflation – Borio
BIS economist says inflation may not always and everywhere be monetary phenomenon
Riksbank welcomes higher inflation
Minutes of last monetary policy meeting caution krona has appreciated faster than previously forecast
FOMC triggers balance sheet wind-down
Fed will begin allowing securities to roll off its balance sheet from October
Tapering ECB asset purchases could free up market forces- Bundesbank board member
Market reaction hard to predict, Joachim Wuermeling says
Brexit brings inflationary risks, Carney says
“Continued erosion of slack” is putting pressure on MPC, governor says
Rising debt threatens Swedish stability – deputy governor
Ohlsson welcomes higher growth, but says inflation must rise sustainably
Rate hikes could halt asset bubbles, research finds
Tighter policy can work if savings fall or holdings of bubble asset decline, paper says
Caruana urges rethink of global co-operation
Closer co-operation could help dampen backlash against globalisation
Canadian deputy: inflation target renewal aids policymaking
Renewal period offers bank research opportunity to examine monetary policy framework
Turkey keeps rates unchanged on high inflation
Central bank says tight stance will remain until prices approach 5% target
BoE’s Vlieghe: financial sector may have pushed rates down
MPC member suggests end of gold standard seems to have lent negative skew to growth
Leading asset manager warns policy normalisation ‘may never occur’
Northern Trust believes monetary policy is unlikely to revert to pre-crisis levels
Falling Swiss franc boosts inflation but SNB policy is unchanged
SNB revises down GDP growth forecasts and warns franc “remains highly valued”
Hawkish signs appear in BoE’s latest communication
Committee still split 7–2 in favour of keeping policy on hold
Denmark central bank issues warning as economy heats up
National Bank of Denmark says labour market is tight and economy may be close to overheating
Cleveland Fed’s Mester upbeat on prospects for US economy
Loretta Mester backs continued gradual tightening of policy