Monetary Policy
Minutes highlight Fed's attitude shift
Minutes of the Federal Open Market Committee's (FOMC) last rate-setting meeting reveal optimism that the economy could weather turmoil in the money markets.
Central Bank of Luxembourg - Annual Report 2006
Inflation in Luxembourg increased for the third consecutive year in 2006.
Japan's low rates explained
Japan's low long-term interest rates can be explained with economic rationality, according to a paper published by the Bank of Japan on Wednesday.
Iranian governor resigns
Ebrahim Sheibani, the governor of the Central Bank of the Islamic Republic of Iran, has resigned.
Hungary maintains base rate
The National Bank of Hungary held the base rate at 7.75% on Monday 27 August.
Israel raises rates to 4%
The Bank of Israel increased its interest rate by 25 basis points to 4%, after inflation rose more than expected in July.
Colombia holds rates
Colombia's central bank decided to maintain its 9.25% interest rate on Friday after inflation fell in July.
Trichet stresses importance of transparency
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that ensuring that inflation expectations stay well-anchored was "of paramount importance".
Mizuno wanted 25 bp hike
The minutes from the Bank of Japan's monetary policy board July meeting confirm that Atsushi Mizuno wanted to raise the overnight rate from 0.5% to 0.75%.
Problems with monetary policy transmission lags
A paper published by the Bank of Finland investigates how lags in monetary policy transmission can damage the credibility of inflation-targeting central bankers.
Bank of Mongolia - Annual Report 2006
Mongolia's economy grew by 8.4% in 2006. Inflation stood at 6%, 1 percentage point lower than the 7% limit set by the State Monetary Policy Guideline.
Malaysia holds rates at 3.5%
Bank Negara Malaysia decided to keep its overnight call rate at 3.5% on Friday.
Canada appoints special adviser
Paul Masson will join the Bank of Canada as a special adviser for the year 2007-08 in September, the central bank announced on Wednesday 22 August.
Bank of Slovenia - Annual Report 2006
Strong exports and domestic consumption helped Slovenia's economy grow by 5.2% in 2006. The construction sector had an impressive year, expanding by more than 20% in the final quarter.
The emergence of principles-based policy
The Swiss National Bank has published a paper reviewing what it describes as the success of its principles-based approach to monetary policy.
Japan holds rates for now
The Bank of Japan's monetary policy board voted 8-1 in favour of keeping the overnight call rate at about 0.5%.
Svensson defends publication of rate path
Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.
Bank of Zambia - Annual Report 2005
The Zambian economy recorded 5% growth in 2005, with manufacturing and tourism making the most appreciable contributions, in-spite of adverse developments in the oil industry that threatened economic activity.
Polish MPC member says rate hike can wait
Stanislaw Owsiak, a member of the National Bank of Poland's monetary policy council (MPC), said July data indicated an August interest rate rise may not be necessary.
China makes two rate hikes to cool inflation
The People's Bank of China increased its benchmark rate by 18 basis points to 7.02% and its deposit rate by 27 basis points to 3.6% in an effort to stabilise inflationary pressures.
Bank Al Maghrib - Annual Report 2006
The Bank Al Maghrib, the Moroccan central bank, said "growth reached a rate rarely seen in the past" in 2006.
Bundesbank posts upbeat forecast
The Bundesbank has said that German economy has continued to grow, following a strong first quarter.
Czech deputy sees "significant" rate rise
The Czech central bank should raise rates "significantly" to keep inflation on target, says Ludek Niedermayer, the Czech central bank's deputy governor.
Poole replaced on Fed policy vote
In a surprise development, William Poole, the president of the St Louis Federal Reserve, did not vote on the Federal Open Market Committee (FOMC) policy announcement on recent market volatility.