Monetary Policy
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Fukui says rates must adjust if necessary
Bank of Japan governor Toshihiko Fukui said Friday 27 April after the policy board left rates unchanged, that the BOJ must raise interest rates once prices are clearly rising and secure growth is seem.
RBNZ raises OCR to 7.75 percent
The Reserve Bank of New Zealand said Thursday 26 April its Official Cash Rate (OCR) will increase by 25 basis points to 7.75 percent.
ECB's Mersch says rates in tightening phase
European Central Bank Governing Council member Yves Mersch said in an interview with Boersen-Zeitung newspaper published Thursday 26 April that the ECB's phase of interest rate increases isn't over yet.
ECB's Weber says inflation outlook requires data
European Central Bank Governing Council member Axel Weber said in an interview published Tuesday 24 April that the ECB should not neglect longer-term inflation risks.
King says UK inflation may dive
Bank of England governor Mervyn King said Tuesday 24 April that he expects the CPI annual inflation rate to fall back sharply in the next 4-6 months.
Bank of Canada holds rates unchanged
The Bank of Canada announced Tuesday 24 April that it is maintaining its target for the overnight rate at 4 1/4 per cent. The bank said Canadian economic growth has been roughly in line with its expectations.
Is Reddy ready to raise rates?
With inflation rising in India, this article from Moneycontrol asks whether the Reserve Bank of India will tighten policy when it meets on Tuesday 24 April.
Hungary's Simor wants clearer communication
The recently appointed governor of Hungary's central bank (NBH), Andras Simor, told a press conference on Monday 23 April that the NBH's Monetary Council must improve its communication.
Term structure transmission of monetary policy
Under bond-rate transmission of monetary policy, the authors of this Bank of Canada Working Paper show that a generalized Taylor Principle applies, in which the average anticipated path of policy responses to inflation is subject to a lower bound of…
Communicating monetary policy to financial markets
This European Central Bank article reviews the main effects of the ECB's external communication on monetary policy, with a focus on expert audiences in financial markets and the media.
Risks to inflation projections remain, says Paramo
Jose Manuel Gonzalez-Paramo, European Central Bank governing council member, said Thursday 19 April that although risks to eurozone inflation projections remain, ECB monetary policy remains accommodative.
King 'determined' to get UK prices down-report
The Yorkshire Post reported Friday 20 April that Bank of England governor Mervyn King has said the central bank is get inflation back on track to its 2 percent target.
King finally writes his 'Dear Gordon' letter
Bank of England governor Mervyn King had to explain to UK chancellor Gordon Brown this week why inflation had exceeded the bank's target. This article by John Berry of Bloomberg looks at King's failure to be boring.
Sweden's berg on current monetary policy
In a speech given on 18 April Svante berg of the Sveriges Riksbank said he argued for a 25 basis point rate hike at the Riksbank's last monetary policy meeting on March 29 and was against the majority decision not to change rates.
Minutes show 7-2 vote to hold UK rates
Bank of England Monetary Policy Committee members voted 7- 2 to keep interest rates unchanged for a third month in April, with Timothy Besley and Andrew Sentance in favor of a quarter- point increase, minutes published Wednesday 18 April.
Tarisa says BOT to lower rates
Bank of Thailand governor Tarisa Watanagase said in an interview with the Wall Street Journal that the BoT will cut rates further to stimulate economic growth.
King says BoE will look beyond volatility
Bank of England governor Mervyn King Wednesday 17 April sent an open letter the UK chancellor saying the MPC will look beyond short-term volatility in prices to get inflation back on track.
ECB's Liebscher on exchange rates
European Central Bank governing council member Klaus Liebscher said Monday 16 April that exchange rates should reflect fundamentals.
Riksbank's minutes show division on rates
Minutes from the Sveriges Riksbank's 29 March meeting published Monday 16 April show the central bank's board members were not unanimous in their decision to leave the repo rate unchanged at 3.25%.
Canada's Kennedy on uncertainty in monetary policy
In the speech 'Dealing with uncertainty in the conduct of monetary policy' given on 12 April Sheryl Kennedy of the Bank of Canada said that the data, models and indicators the central bank uses to set monetary policy provide only "approximate information…
Fed says what it means -- No interest rate cut
According to this article published Friday 13 April by John Berry of Bloomberg, the Federal Reserve has shown over the last three weeks that communicating the finer points of monetary policy decisions isn't easy.
ECB says rates are boosting growth
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.