Operating framework
Pursuing stable rates may create instability, Norges Bank paper finds
Central banks may struggle to credibly commit to stable rates
Bank of Jamaica lowers inflation target
Jamaica's central bank continues move towards inflation-targeting regime
Iceland prepares for offshore króna auction
Date set for major step towards lifting capital controls
Lagarde: Kazakhstan central bank needs clear mandate
Floating the currency was "just the beginning", IMF chief says
Riksbank’s Skingsley sees potential in helicopter money
Limited room for manoeuvre calls for more radical thinking, says deputy
IMF staff encourage central Asian economies to overcome ‘fear of floating’
Central banks should resist urge to intervene, authors say
Bank of Canada review explores inflation target renewal
Four articles consider various elements of the central bank’s inflation targeting framework
Philippines announces new rate corridor
Central bank will introduce new lending and deposit facilities in June, with interest rates set either side of a lower policy rate
Syrian central bank slashes exchange rate as currency pressure grows
Central bank adopts more flexible approach to exchange rate
ECB paper presents evidence of risk-taking channel in US
Working paper finds interest rates affect the quality of bank credit in the US
Turkey vulnerable to sudden stop, IMF warns
Central bank action would help shore up weak external position, fund says
Trilemma, dilemma, and the PBoC's primer for the 'new normal'
Hui Feng argues the PBoC faces a dilemma not a trilemma
BoE assumes control of interest rate benchmark
Central bank to oversee and reform Sonia benchmark
Advanced economies could learn from EM counterparts in managing balance sheets, paper says
Composition of advanced economies' balance sheets aligning to their EM counterparts
Operational reform has not impacted longer term rates, BoE working paper says
Reserve averaging and reserve targets reduce volatility in overnight rate
Summers: Fed is not ready for next crisis
Secular stagnation has left Federal Reserve short on firepower, economist says
BIS’s Shin argues bank capital underpins both monetary policy and financial stability
Research sheds light on tension between bank shareholders and wider society
Reserve Bank of India modifies liquidity framework
Rajan spells out plans to “progressively lower” liquidity deficit in banking system
West African union must improve monetary transmission, IMF staff say
Reform “sluggish” at national levels, staff report says
Turkish central bank narrows rate corridor with cut
CBRT keeps policy rate on hold
Four largest eurozone economies show different reactions to monetary policy, paper finds
Output, price and bond yield levels affected differently in Germany, France, Italy and Spain
IMF paper explores spillovers from conventional and Islamic finance
Research considers how monetary policy should adapt to different stages of development
Deputy governor warns of perils in changing Sweden’s inflation target
Sweden would only be able to raise its inflation rate successfully if other major economies around the world did also
Bank capital matters for risk-taking channel of monetary policy, Norges Bank paper finds
Less capitalised banks more willing to take on risky borrowers