Monetary Policy

BOJ's Hayami says Japan recovery stalling

Improvement in Japanese corporate sentiment has stalled and the nation's economic recovery has slowed, the nation's central bank chief said on Tuesday, confirming what financial markets have suspected for weeks.

Putin's aide has dim view of Russian cbank policy

This year's actual rouble rate exceeded the projected level by some 40%-50%, Andrey Illarionov, Russian President Putin's adviser for economic affairs, said at the joint session of the Duma banking and budget committees, at which the monetary policy of…

Taiwan mulls monetary policy framework change

Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…

RBI seen cutting India rates next year-JP Morgan

The Reserve Bank of India is likely to cut its benchmark bank rate in the financial year starting April 2001 due to a more stable rupee, comfortable money market liquidity, record foreign exchange reserves, and an easing bias in global interest rates, JP…

Russian banker predicts 'not easy' year

Uncertainty about the restructuring of Russia's debt to the Paris Club of creditors might entail changes in Russia's fiscal and credit policy in 2001, said central bank first deputy chairman Tatyana Paramonova.

BOJ board keeps monetary policy unchanged

The Bank of Japan said on Friday its policy board decided to continue its policy of driving the key overnight call rate to 0.25%, a decision widely expected by financial markets. The decision was by a majority vote.

Fed unlikely to cut rates - Washington Post

Faced with slowing economic growth and an uncertain short-term economic outlook, a number of Federal Reserve officials have concluded that the risk of serious weakness in the economy is as great as the risk that inflation will get worse, the Washington…

Dariusz Rosati defends Poland's monetary policy

Dariusz Rosati, former finance minister and member of the central bank's monetary policy council (RPP), responded in a recent issue of the current affairs weekly Polityka to a critical article by Professor Andrzej Sopocko. Edited excerpts follow.

HKMA concerned about US economic slowdown risk

The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.

ECB keeps M3 benchmark unchanged

The European Central Bank has decided to leave its yardstick for euro area money supply growth unchanged. After the governing council meeting today, the ECB said that the evidence continues to support the assumptions underlying the derivation of the…

Interview with Nancy Stokey - The Region

Nancy Stokey and her University of Chicago colleague and partner, Nobel Laureate Robert E. Lucas Jr., chose to spend a semester's sabbatical at the Minneapolis Fed this autumn. Arthur Rolnick, the Minneapolis Fed's director of Research, took this…

Back From The Brink: The Greenspan Years

Journalist Steven Beckner, who has covered monetary policy since the beginning of the Greenspan years, has written a useful book that goes beyond the regular elliptical utterances of the Fed chairman. Reviewed by Kevin L. Kliesen, Economist, Federal…

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