Monetary Policy
Fed holds rates, room for future cuts
The Federal Reserve has defied market expectations for a cut, opting to keep interest rates on hold at Tuesday's monetary policy meeting.
Geithner skips FOMC meeting
Tim Geithner, the president of the New York Fed and the Federal Reserve System's chief crisis manager since the outbreak of the credit crisis, did not attend Tuesday meeting of the Federal Open Markets Committee (FOMC). Geithner stayed behind in New York…
Banks scramble for fresh cash offers
For the second day running, central banks have pumped vast amounts of liquidity into overnight money markets, as interbank rates soared following the collapse of Lehman Brothers and heightened uncertainty over the health of the financial sector.
Fed faces crunch call, market now prices in cut
Financial markets have dramatically adjusted expectations of the outcome interest-rate decision to be announced by the Federal Open Market Committee (FOMC) late on Tuesday.
King sees high inflation remaining
Mervyn King, the governor of the Bank of England, expects inflation in the United Kingdom to remain "markedly" above the central bank's target well into next year.
Brazil's Meirelles: tightening will continue
The Central Bank of Brazil is committed to bringing inflation to the 4.5% midpoint of its inflation target during 2009, said Henrique Meirelles, the governor of the central bank in a recent speech.
PBoC cuts to restore confidence
The People's Bank of China (PBoC) has cut its base lending rate and lowered the ratio of funds that banks must set aside as reserves in an effort to shore up confidence in the country's stock and real estate markets.
BoE's Tucker highlights inflation risk
The news on the British economy has got worse and inflation now looks more likely to fall sharply in 2009, but Paul Tucker, the executive director responsible for markets at the Bank of England, signalled Friday that the Monetary Policy Committee (MPC)…
Peru hikes for 4th-straight month, hints more to c
The Central Bank of Peru on Thursday raised its key rate for the seventh time in 12 months, warning that it would continue to use policy to tame inflation that is now more than triple the central bank's target.
Does the ECB follow the Fed?
New research from Deutsche Bank looks at how closely the European Central Bank's (ECB) monetary policy follows that of the Federal Reserve.
King confirms continued support for banks
Mervyn King, the governor of the Bank of England, assured the City of London's beleaguered banks that he would continue to allow them access to funds after the Special Liquidity Scheme closes next month.
New Zealand cuts by half a point
The Reserve Bank of New Zealand on Thursday cut rates by half a point for the first time in almost seven years on evidence the country's economy was now in recession.
Brazil hikes but hints tightening may moderate
The Central Bank of Brazil raised its key rate by 75 basis points for the second-straight vote on Wednesday, but looks likely to back smaller hikes in the coming months.
China inflation slumps for fourth-straight month
Chinese annual inflation plummeted by almost one-and-a-half percentage points last month to 4.9%.
BoE deputy's outlook gloomy for UK economy
Sir John Gieve, a deputy governor at the Bank of England, has warned that growth will slow and inflation surge in the coming months.
Core inflation a better signal of price trends
The relationship between headline and core inflation has changed significantly over time, research published by the Federal Reserve finds.
Academics urge ECB to enhance communications
The European Central Bank's (ECB) communications practices are hampering the institution's inflation-fighting credentials, academics have argued.
Ghana still going for goal
Lionel Van Lare Dosoo, a deputy governor at the Bank of Ghana, tells Central Bank News why the institution's Olympian efforts to eradicate the country's inflation problem will stay on track despite recent events.
Don't rely on oil discount, warns IMF's Lipsky
John Lipsky, the first deputy managing director at the International Monetary Fund, has warned central banks to stop relying on a fall in oil prices to temper inflation.
Israel split on rate-hike vote
The Bank of Israel's rate-setting board was split on whether to lift rates in August.
RBA's Stevens sees inflation falling
Inflation will remain uncomfortably high until the end of the year but should fall back after, Glenn Stevens, the governor of the Reserve Bank of Australia, has said.
New RBI governor pledges to fight inflation
Duvvuri Subbarao, who took the helm at the Reserve Bank of India on Friday, has said fighting inflation is his "immediate priority".
Rate cut proves RBA wrong: ex-governor Fraser
Bernie Fraser, a former governor of the Reserve Bank of Australia, has said that the central bank's September rate cut confirms it misjudged the economic climate in raising rates earlier this year.
We deserve praise: Philippines' Tetangco
Amando Tetangco, the governor of the Central Bank of the Philippines, believes the institution's Monetary Policy Committee has performed well, all things considered.