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Inflation

Israel holds rates

The Bank of Israel decided on Monday to keep its interest rate at 4% as the strength of the shekel is counterbalancing rising prices and keeping inflation in check.

ECB rate setting analysed

This paper, published by the Institute for Monetary and Financial Stability, uses the ordered-probit technique and variables noted in the European Central Bank's (ECB's) Monthly Bulletin to investigate how the central bank sets rates.

Svensson defends publication of rate path

Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.

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