Inflation
Cyprus's Orphanides on inflation targeting
Inflation targeting has had a positive influence on policy even among central banks that have chosen not to adopt it, Athanasios Orphanides, the governor of the Central Bank of Cyprus, has said.
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.
Inflation-targeting central banks communicate more
Central banks operating under inflation-targeting frameworks tend to provide more information than entities operating under other frameworks, a new paper from the Bank for International Settlements reveals.
Price-level targeting better than IT
Moving to price-level targeting from inflation targeting is welfare enhancing when imperfect credibility is short-lived, a new paper from the Bank of Canada posits.
Germany's Merkel attacks central banks
Angela Merkel, the chancellor of Germany, on Tuesday criticised the unconventional measures taken by central banks around the globe and called on them to revert to sane and independent monetary policy.
RBA hints at further easing
While it kept rates on hold for the time being, the Reserve Bank of Australia has dropped a strong hint that further rate cuts are on the way by suggesting that "scope remains for some further easing."
India's Subbarao: in crisis better to over-insure
It is safer, in crisis management, to err on the side doing too much rather than doing too little, said Duvvuri Subbarao, the governor of the Reserve Bank of India.
Turkey explains another cut
The Central Bank of Turkey cut rates by 50 basis points in May as data offered no signs of recovery in economic activity of employment, the minutes for the 14 May meeting reveal.
Bank of Canada - Spring Review
The Spring issue of the Bank of Canada Review considers changes to the country's inflation-targeting framework.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to leave the cash rate unchanged at 3% as there were signs that the economic stimulus that had been applied was supporting demand, according to minutes of the May meeting.
Interview: Zdeneˇk Tu°ma
Martina Horáková speaks to the Czech governor about the crisis, calls for cross-border supervision and the process for adopting the euro
SARB - Monetary Policy Review
The heightened levels of global economic uncertainty are making monetary-policy decisions more challenging, notes the latest Monetary Policy Review from the South African Reserve Bank.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.
The three epochs of oil
Research by two prominent economists using the longest oil-price series available has uncovered significant trends in the price of crude.
Economy healing, but Bank warns on recovery's pace
The world economy is no longer on the brink of collapse but the upswing may be more protracted than during previous post-war recessions, the Bank of England said on Wednesday.
Ex-BoE deputy heralds decline of independent era
The collective failure of monetary authorities and governments to avert the current crisis will negate central banks' independence, Sir John Gieve, a former deputy governor at the Bank of England has said.
Chile cuts to record low
The Central Bank of Chile cut its benchmark rate to an all-time low of 1.25% on Thursday.
China warns on QE inflation threat
The People's Bank of China has said that quantitative easing posed huge risks for international markets and the global economy.
SNB's Jordan: exit from zero-rate policy tricky
Pinpointing the optimal date for exiting from the current zero interest-rate policy of the Swiss National Bank will be critical, said Thomas Jordan, a member of the institution's Governing Board.
The best methods for estimating trend inflation
Trend inflation forecasts estimated by the exclusion method and the principal component technique have strong predictive power on future changes in headline CPI or PCE inflation, new research from the Hong Kong Monetary Authority posits.
Norway cuts to a record low
Norges Bank on Wednesday cut its key rate by half a point to an all-time low of 1.5% on signs that the global recession was having an adverse impact on the domestic economy.
Brazil slows pace of easing
The Central Bank of Brazil cut its key interest rate for the third time this year to a record low of 10.25% on Wednesday.
Turkey on target to meet price goals
The Central Bank of Turkey believes it is on course to meet its inflation targets for the next three years.