Monetary Policy
Interview: Otmar Issing
The architect of the ECB’s monetary policy framework talks to Robert Pringle about his new book and the challenges central bankers face at the moment
Inside Beijing’s power struggle
Having seized the early initiative in Beijing’s anti-inflation strategy, the People’s Bank of China has seen its authority increasingly challenged, argues Hui Feng
Behind the BoJ's risk balance charts
Hidetoshi Kamezaki, a member of the policy board of Bank of Japan, explained the background behind the introduction of the central bank's new risk-balance charts.
Australia's PM: banks must pass on RBA cuts
Kevin Rudd, Australia's prime minister, has urged the nation's banks to pass on the Reserve Bank of Australia's (RBA) rate cuts to consumers.
South African rates high enough: Mnyande
The South African Reserve Bank's tightening cycle could be at an end after a senior official said that rates were now at an appropriate level to contain inflation.
Russia launches fresh bid to tackle inflation
The Central Bank of Russia said on Friday that it would raise its reserve requirement ratios for the fourth time this year to curb annual inflation, which is estimated at about 15%.
BoE's Tucker on assessing price impact of slowdown
A key challenge for the Bank of England's Monetary Policy Committee will be to assess whether the expected economic slowdown will be sufficient to bring inflation back to target, said Paul Tucker, the Bank's executive director responsible for markets.
Fed's Warsh: we would take covered bonds
Highly rated, high-quality covered bonds would generally fall within the range of collateral acceptable at the Federal Reserve's discount window, said Kevin Warsh, a governor at the Federal Reserve Board.
Eurozone inflation hits fresh record
Annual inflation in the eurozone looks to have hit a record high of 4.1% in July.
UK MPC hawk acting on 70s memories
Tim Besley, the only member of the Bank of England's nine-strong Monetary Policy Committee to back a rate hike this month, voted against the majority on fears that UK inflation could become as volatile as it was in the 1970s.
NZ's Bollard praises inflation targeting
There are no clearly superior alternatives to the flexible inflation targeting approach for maintaining price stability, said Alan Bollard, the governor of the Reserve Bank of New Zealand.
RBI moves to counter "intolerable" inflation
The Reserve Bank of India looked to assert its inflation-fighting credentials on Tuesday, raising its policy rate and reserve ratio, and warning of regulatory action if financial institutions continue to lend excessively.
Inflation and fiscal deficit force Pakistan to act
The State Bank of Pakistan has raised its benchmark rate by a full percentage point to 13% in a bid to combat rampant inflation, and a worsening fiscal deficit.
OECD inflation soars to eight-year high
CPI inflation in the 30 countries that comprise the OECD surged to its highest level since March 2000 in the year to June, data published Tuesday revealed.
Inflation too high - Fed's Plosser
Inflation is already too high and inconsistent with the Federal Reserve's goal of price stability, said Charles Plosser, the president of the Federal Reserve Bank of Philadelphia.
Turkey adjusts inflation forecast
Significant increases in the prices of oil and food led to an upward revision in the inflation forecast and mean further monetary tightening will be needed, according to the latest inflation report from the Central Bank of the Republic of Turkey.
Fed's Mishkin proposes communications changes
Frederic Mishkin, an outgoing governor of the Federal Reserve, believes the central bank needs to make a raft of improvements to its communication policy.
Research suggests Sarkozy's ECB ire unjustified
Though it is unlikely to placate Nicolas Sarkozy, France's president, new research has found the European Central Bank (ECB) is more transparent than the national central banks of the eurozone members were before the introduction of the euro.
Israel continues to hike despite inflation dip
The Bank of Israel will raise its benchmark rate to 4% in August in spite of signs price pressures are easing.
Brazil's Lula defends central bank's independence
Luiz Inacio Lula da Silva, the president of Brazil, has underlined his support for the central bank's autonomy after the institution decided last week to make its biggest rate hike in more than five years.
BoE's Bean on the inflation threat
Charles Bean, a deputy governor at the Bank of England, has explained how the Bank is trying to balance upside and downside risks to inflation against each other.
Some preconditions for inflation targeting
The main macroeconomic preconditions for adopting an inflation-targeting regime are high levels of financial development, GDP per person and trade openness, finds a new paper from the Central Bank of Chile.
Japanese inflation spikes to 1.9%
Annual core inflation in Japan soared by almost half a point in the year to June to 1.9%, up from 1.5% the previous month.