Monetary Policy
Macro-prudential and monetary policy work well together – ECB paper
Monetary policy can be used to cushion shocks caused by counter-cyclical buffers, researchers find
Williams favours average inflation targeting in new research
New York Fed president analyses three groups of inflation-targeting regimes
Malaysia cuts rates as inflation and PMIs slide
South-east Asian country’s inflation has been lower than 1% for several months
Mester not yet convinced on alternative monetary policy frameworks
Enhancing Fed communication is an “essential component”, Cleveland Fed chief says
China cuts reserve requirements for small banks
Premier Li Keqiang had urged policy-makers to reduce funding costs for small businesses
US macroeconomic data backs up Fed’s ‘patient’ approach
Lower core inflation is expected to only be temporary, Powell says
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
BoE says Brexit is creating economy of two halves
Policy-makers strike hawkish note, but Carney says households and businesses are divided
Fed makes ‘technical adjustment’ to monetary policy
The move does not signal a change in policy stance, Powell says
DR Congo slashes rates to 9% from 14%
Central bank hopes period of relative stability will endure
Poloz tells lawmakers carbon tax is likely inflationary
The politically controversial policy could have a mixed impact on growth, the governor says
Turkish central bank defends reserves-boosting swaps activity
Swaps provide support for banks amid offshore Turkish lira liquidity squeeze, central bank says
IMF researchers present guide to enabling negative interest rates
Exchange rate between cash and bank reserves is the “best approach”, researchers say
Argentina abandons free float as peso crisis continues
Central bank says it will now intervene, even within “non-intervention” band
Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
Emerging markets Argentina and Turkey: mission impossible?
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey
Ghana to maintain flexible exchange rate, says Addison
Governor confirms he stands by flexible exchange rate despite recent volatility
Understanding the Fed’s proposed reserves tool
FOMC hinted at tool for cutting reserves demand at last meeting – the question is, why?