Operating framework
BoE’s Hauser sheds light on ‘quantitative tightening’ in the UK
Central banks have a greater obligation to provide liquidity in good times and bad, official says
Doves vs hawks: IMF advice on unconventional monetary policy
Funds’ advice on innovative measures has not always “stood the test of time”, writes Philip Turner
BIS says theory behind EME policy must catch up with ‘reality’
Situation is similar to adoption of inflation targeting in early 1990s, says BIS annual report
BoJ moves quietly away from negative rate
BoJ reduces number of current account balances charged a negative interest rate
CBRT cuts rates for primary dealers
New liquidity facility designed to contribute towards financial market deepening, central bank says
SNB replaces Libor with new reference rate
Future of Libor is “not guaranteed” and underlying volume is “dwindling”, says Thomas Jordan
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Potential Fed nominee wants changes to interest rate policy
IOER hurts private sector entrepreneurialism and gives banks wrong incentive, Judy Shelton says
Senior Fed officials call for overshooting inflation target
Kashkari says Fed acted too early in tightening while Brainard says policy must meet ‘new normal’
Risk of hitting ZLB in next three years is low – San Francisco Fed paper
ZLB should not be a concern for monetary policy at this stage, researcher says
Minneapolis Fed president calls on Fed to ‘re-tool’ labour market analysis
Wages are a better means of estimating labour market slack, Kashkari says
San Francisco Fed researcher seeks to improve Phillips curve
Introducing an “interaction variable” can increase predictive performance, researcher says
Williams favours average inflation targeting in new research
New York Fed president analyses three groups of inflation-targeting regimes
Turkish central bank defends reserves-boosting swaps activity
Swaps provide support for banks amid offshore Turkish lira liquidity squeeze, central bank says
Argentina abandons free float as peso crisis continues
Central bank says it will now intervene, even within “non-intervention” band
Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
Understanding the Fed’s proposed reserves tool
FOMC hinted at tool for cutting reserves demand at last meeting – the question is, why?
RBNZ faces communication challenges in new policy framework
Some observers think new monetary policy committee may add confusion
Fed should target inflation range – Boston president
Policy is similar to price level and inflation averaging targets, but is easier to explain, Rosengren says
RBI’s Das questions convention of 25-basis point hikes
“Let me try and somewhat shock you,” says governor
Assessing the RBNZ’s new dual mandate
Researchers weigh pros and cons of multiple central banking objectives
RBI to repeat forex swap after high demand for first operation
Second round of long-term liquidity will be on offer in late April
Namibian government proposes to cap its borrowing from central bank
Finance minister asks for five-fold increase to central bank’s capital to pay for new responsibilities
Kenyan High Court strikes down law capping interest rates
But court rules law did not infringe central bank’s mandate and says caps could be brought back