Monetary Policy
RBA reviews the way it measures CPI
A report by the RBA proposes changes to the way future CPI is reported and measured
BoE unanimously backed rate hold
The Bank keeps rates steady as the MPC remains cautious over the road to recovery
Iceland trims rates on króna strength
Central Bank of Iceland cuts to 9% despite fears over Icesave dispute
RBA justifies March rate hike
Signs of revival in economic activity convinced board members to hike rates by a quarter point
Interview: Kim Choong-soo
New Bank of Korea governor on independence, collaboration and challenges going forward
Fed’s Hoenig dissents again
Kansas City Fed president disagrees with commitment to keep low rates for an “extended period"
Bank’s Dale: QE a success
Spencer Dale discusses the merits of quantitative easing and its impact on the wider economy in the past year
China’s Zhou not flustered by higher-than-forecast inflation
People’s Bank of China governor Zhou Xiaochuan keeps a cool head as inflation increases by more than expected spooking analysts and markets, says central bank will keep to plans
Chinese inflation spike scares investors
Chinese consumer prices rise more than consensus forecast in February, sparking fears that the economy is overheating
We know better now: Canada’s Carney
Bank of Canada governor Mark Carney reviews lessons learnt as the central bank celebrates its 75th anniversary
Rate round-up
Swiss, New Zealand, Korean and Peruvian central banks all opt to hold rates
ECB: current rates remain appropriate
The latest information from the European Central Bank confirms that the economic recovery in the euro area is on track but is likely to remain uneven
UK public’s price expectations moderately rise
GfK NOP survey on inflation attitudes from the Bank of England shows expectations remain stable
NY Fed’s Sack prepares market for smooth exit
Markets head Sack says tightening cycle “like no other in history”
RBA’s Lowe latest to dismiss inflation target hikes
Reserve Bank of Australia assistant governor Philip Lowe says IMF paper’s suggestion of raising inflation targets not sensible, says higher targets would damage supply side
BoE’s Barker on the future of policymaking
Kate Barker draws on her nine years of service at the Bank of England to highlight some of the challenges facing policymakers
BoJ’s Nakamura declares ordinary policy tools redundant
In a high profile speech in Fukuoka last month, Bank of Japan’s Seiji Nakamura tells business leaders that ordinary channels of the transmission mechanism are not working
Weber signals ECB could relax debt rules
Comments come after Austrian governor deemed power of rating agencies unacceptable; paves way for ECB to accept Greek debt even if downgraded
Fund economist: Lost Decade shows need for higher inflation targets
IMF economist Daniel Leigh points to evidence from Japan’s Lost Decade that shows hiking targets would have shorn output losses
Interview with Takatoshi Ito
Takatoshi Ito, a professor at the University of Tokyo, discusses whether recent comments by Japan’s finance minister undermine the central bank’s independence
A welcome return to money
Central banks’ renewed in interest in the importance of money is to be applauded. But they must also consider the right money measure and how changes should impact policy, Gabriel Stein argues
China to drop dollar peg “sooner or later”: Zhou
Chinese central bank chief Zhou Xiaochuan hints the country will soon remove the dollar peg on its currency, analysts see a slow and steady revaluation rather than large one-off move
Credit channel working in Korea
Bank of Korea paper uses data from Korean firms to build on academic research on credit channels
Israel held on low inflation figure
Minutes show Bank of Israel’s Stanley Fischer opted to leave the interest rate for March unchanged at 1.25% as CPI inflation remained low for a successive month