Monetary Policy
RBNZ Monetary Policy Statement, September 2006
The Reserve Bank of New Zealand published its September 2006 Monetary Policy Statement on 14 September. The report said the New Zealand economy continues to show resilience.
Market stable after rate hike, BOJ minutes show
Bank of Japan board members agreed in minutes released Wednesday 13 September that the money market had been stable after it raised interest rates in July for the first time in six years.
Minutes: Riksbank unanimous on Aug 29 rate hike
The minutes from the Riksbank's 29 Aug monetary meeting released Tuesday 12 September showed the board was unanimous in its decision to hike the repo rate 0.25 percentage points to 2.50 pct.
Mizuno says BOJ to gradually lift rates
Bank of Japan board member Atsushi Mizuno said in an interview published Wednesday 13 September policy makers remain committed to gradually raising interest rates even after recent signs of slower economic growth.
Eurozone's Juncker wants end to Trichet spat
Eurozone finance ministers and the European Central Bank should end their public spat, Luxembourg's Prime Minister Jean-Claude Juncker said in an interview published in The Financial Times.
IMF says risk of 'disorderly' drop in dollar
A ``disorderly'' drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said Tuesday 12 September.
BNB's Quaden says further ECB rate rises likely
Belgian National Bank governor Guy Quaden, who is a member of the European Central Bank's governing council, told Le Soir another rise in eurozone interest rates cannot be ruled out.
Fukui says no need to change BOJ view on prices
Bank of Japan Governor Toshihiko Fukui said on Friday 8 September he saw no need to change the central bank's view on price trends in the wake of downward revisions to consumer price data.
Cleveland's Pianalto on inflation and expectations
In the speech 'Inflation, Inflation Expectations, and Monetary Policy' given on 8 September Sandra Pianalto of the Federal Reserve Bank of Cleveland said low and stable inflation expectations provided some comfort that a pause in August was not too risky…
SARB's Mboweni on monetary policy and the markets
In the speech 'Monetary policy and the markets: A two-way street' given on 7 September Tito Mboweni of the South African Reserve Bank said central banking has come a long way since the days, not too many years ago, when monetary policy was shrouded in…
Frederic Mishkin sworn in as Fed board member
Frederic S. Mishkin on Tuesday 5 September took the oath of office as a member of the Board of Governors of the Federal Reserve System.
Trichet says ECB's rate message is clear
European Central Bank President Jean-Claude Trichet said on Monday 4 September that his message on interest rates following last Thursday's policy meeting is clear.
Tanigaki says fiscal reforms must speed up
Japan cannot be slow in implementing fiscal reforms given its ageing population and rising global interest rates, Finance Minister Sadakazu Tanigaki said on Tuesday 5 September.
Bank capital, asset prices and monetary policy
In this Bank of England Working Paper the authors study a general equilibrium model in which informational frictions impede entrepreneurs' ability to borrow and banks' ability to intermediate funds.
ECB keeps rates steady
The European Central Bank left its benchmark interest rate unchanged at 3% as expected.
Brazil surprises with half-point cut
Brazil's central bank slashed its interest rates by a larger-than-expected 0.5% on Wednesday.
Duguay on Canada's response to global changes
Canada has responded well to a dramatic change in its terms of trade, according to Pierre Duguay, a deputy governor of the Bank of Canada.
Sweden raises rates
Sweden's central bank raised it benchmark interest rate by 0.25% in a move anticipated by the market.
Fed minutes indicate a "close call"
Minutes of the Federal Open Market Committee showed a 9-1 vote on 8 August in favour of keeping interest rates on hold.
Tunisia holds rates
Tunisian interest rates were unmoved after the monthly meeting of the central bank's executive board on Tuesday.
Iran unafraid of sanctions
Iran will be prepared for the economic consequences of UN sanctions, the governor of the country's central bank, Ebrahim Sheibani, said on Friday.
Hungary raises interest rates
The Hungarian central bank surprised markets with a half-point rate hike on Monday.
Interest rates round-up
A brief round-up of recent interest rate decisions in central banks in emerging markets.
NBER paper on optimal monetary policy
An NBER research paper on optimal monetary policy concludes that, in the presence of price stickiness, policymakers should focus their efforts actions towards low inflation volatility.