Monetary Policy
Depressed UAE in economic boost
Federation announces 1% cut on commercial bank interest rate facility
SNB's Jordan: no need for policy move just yet
Swiss National Bank's Thomas Jordan says danger of deflation still not completely averted
Reserve Bank of India – Annual Report 2008-2009
Reserve Bank of India’s latest Annual Report says monetary policy should look at asset bubbles and leverage
Denmark cuts for second time in a month
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Sweden’s Oberg says inflationary pressures not there
Sveriges Riksbank’s Svante Oberg says policy rate will remain low
International investors drive Thai exchange rate
Bank for International Settlements says Thai exchange rate is in part determined by international investors' cross-border portfolio rebalancing decisions
Positive growth proves Central Bank of Philippines right
Second quarter GDP data justifies the Central Bank of Philippines’ decision to keep rates on hold
Thailand holds on signs of recovery
Bank of Thailand keeps rates at 1.25%, says level appropriate for growth and inflation
Gudmundsson on Iceland’s collapse and recovery
Már Gudmundsson, the governor of the Central Bank of Iceland, discusses the authority’s rebuilding efforts and whether euro membership is right for them
Trichet: asset prices impact policy
European Central Bank’s Jean-Claude Trichet says that asset-price dynamics impact the central bank’s policy decisions
Inflation forecasting for a changing world
Norges Bank develops new model suitable for real-time inflation forecasting
Monetary policy needs financial analysis
European Central Bank says globalisation of financial markets over the past 25 years has had major implications for the conduct of monetary policy
Israel becomes first to raise rates
Bank of Israel tightens on signs economy is recovering
Fischer heralds shift to “flexible” inflation targeting
Bank of Israel’s Stanley Fischer tells Jackson Hole audience that inflation targeting will survive the crisis. More downbeat on global imbalances
Hungary cuts to pre-IMF bailout levels
National Bank of Hungary chops half a point off key rate
Canada’s Carney backs price-level target
Bank of Canada’s Mark Carney says maintaining economic stability may require rethink on monetary policy
Modellers should care what the weatherman says
Norges Bank says macro modellers should seek inspiration from weather forecasters
Philippines cb ends of easing cycle
Central Bank of the Philippines central bank ends series of interest-rate cuts, signals lengthy pause
BoJ’s minutes from July meeting
Minutes of Bank of Japan’s July policy meeting note that “global economic conditions had stopped worsening”
Croatia’s Vujcic deputy on “unorthodox” regulation
Croatian National Bank’s Boris Vujcic outlines regulatory approach under euro dominance
Bank split on QE extension, governor outvoted
Minutes show Bank of England’s Monetary Policy Committee voted six-to-three in favour of £50 billion extension. Others in favour of extension to £200 billion
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
Chile rate cuts compensate for commercial charges
Central Bank of Chile looks at the evolution of consumption and commercial lending rates
Angola says no devaluation in sight
Central Bank of Angola’s deputy governor says the central bank will withstand “speculative drive” to devalue the kwanza