Monetary Policy
SARB says SA credit not immediately inflationary
South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
BOJ's Inaba warns on low short-term rates
Short-term interest rates left at too low levels for too long could ignite inflation concerns among investors, which in turn could push up long-term rates, a senior Bank of Japan official told lawmakers Wednesday 11 April.
Brazilian cb monetary policy head resigns
Brazilian central bank director Rodrigo Azevedo resigned as chief of monetary policy, citing an interest to work outside of government, Bloomberg reported Wednesday 11 April, citing a statement.
Fed's Mishkin on monetary policy and dual mandate
In the speech 'Monetary policy and the dual mandate' given on 10 April Frederic Mishkin of the Federal Reserve said the aim of the Federal Reserve is to promote both stable prices and maximum employment, which can occasionally lead to competing interests…
RBI's Reddy on the role of monetary policy
In the speech 'Role of monetary policy in attaining growth with stability: The Indian experience' given on 2 April Y.V. Reddy of the Reserve Bank of India said India has a good story to tell the world on its performance relating to the role of monetary…
Italy's Draghi: Governor Baffi's financial policy
In the speech 'Reflections on monetary and financial policy - Governor Baffi's monetary policy' given on 15 March Mario Draghi of the Bank of Italy said Paolo Baffi was governor of the Bank of Italy during five of the most difficult years Italy has known.
NBP to publish minutes of meetings
Poland's central bank said Tuesday 3 April it will start to publish minutes from policy meetings of its interest rate-setting panel on 24 May, in a move analysts hope will offer more clarity on future monetary policy.
Garganas says ECB must be ready to act decisively
Favorable inflation trends appear to be waning in the euro one economy which is enjoying another year of strong growth, and the European Central Bank must act decisively if price risks threaten, Governing Council member Nicholas Garganas said in an…
The secret language of central bankers
According to this article by J. Bradford DeLong, published Tuesday 3 April by the Taipei Times, there seems to be general agreement today that the argument for talking in "Greenspanese" is essential for enabling central banks to ensure price stability no…
RBI prefers indirect policy instruments
The Reserve Bank of India's governor, Yaga Venugopal Reddy, said on Monday 2 April in a speech that the RBI has a policy preference for indirect instruments to give effect to its monetary policy.
SNB's Hildebrand on monetary policy
The Swiss National Bank's interest rate policy is still having an expansionary effect in the current economic climate, SNB board member Philipp Hildebrand told Swiss daily Finanz und Wirtschaft on Monday 2 April.
Trichet says inflation outlook faces upside risks
European Central Bank president Jean-Claude Trichet said in an interview published Monday 2 April the eurozone inflation outlook is still subject to upside risks.
Chicago Fed's Moskow on monetary policy in the US
In the speech 'The making of monetary policy in the US and the US economic outlook' given on 28 March Michael Moskow of the Federal Reserve Bank of Chicago said the US economy is likely to expand at a rate modestly below its long-run potential for the…
Gaspari doubts ECB rates will hit 4.25%
European Central Bank governing council member Mitja Gaspari told a news agency in an interview he had doubts about ECB interest rates reaching 4.25 percent by year-end, based on current information.
Central Bank of Iceland, Monetary Bulletin 1/2007
According to the Central Bank of Iceland's Monetary Bulletin for March 2007, published Thursday 29 March, the inflation lower than forecast, but substantial imbalances cloud the long-term outlook.
IMF report says ECB has room for hikes - FT
The International Monetary Fund (IMF) said the European Central Bank (ECB) has more room for further interest rate increases if eurozone growth improves further, the Financial Times said Wednesday 28 March, citing a draft copy of the IMF World Economic…
Gonzalez-Paramo: Inflation risks still on upside
European Central Bank board member Jose Manuel Gonzalez-Paramo said Wednesday 28 March the eurozone still faces significant inflation risks.
Perhaps the FOMC did what it said it did
The Bank of Canada Working Paper "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation" uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical…
Bini Smaghi says ECB must remove inflation risks
European Central Bank board member Lorenzo Bini Smaghi said Monday 26 March the ECB still needs to take action to eliminate remaining inflation risks in the eurozone.
April rate hike not too late - BOJ minutes
One of the Bank of Japan's nine policy board members called on the central bank to be cautious about hiking interest rates in light of slow wage growth and sluggish consumption, the minutes of the BoJ's Feb 20-21 meeting released Monday 26 March showed.
RBI's Reddy on globalisation and monetary policy
In the speech 'Globalisation and monetary policy - some emerging issues' given on 19 March Y V Reddy of the RBI said economists have for long recognised the strong complementarities between the real and the financial sectors.
Fed steps back from a tilt toward higher rates
According to this article from John Berry at Bloomberg, published Thursday 22 March, Federal Reserve officials have taken a small step toward a more balanced view of whether their next interest rate move would be up or down.
Fukui says BOJ to help economy with low rates
Bank of Japan governor Toshihiko Fukui told lawmakers Thursday 22 March that the central bank will help maintain economic growth under price stability by keeping very low interest rates "for now" and vary them only gradually in line with the economic…