Interest rates
Bank of England - Quarterly Bulletin (Q2 2010)
Bank's Quarterly Bulletin says yields on UK gilts fell in the last quarter due to lower expected future interest rates
External debt could prove perilous: NZ’s Bollard
Reserve Bank of New Zealand governor Alan Bollard cautions that the country faces external debt imbalances; calls for deficits to be slashed below 5% of GDP
Philly Fed: central banks can do more to anchor inflation expectations
Philadelphia Federal Reserve study argues monetary authorities can better anchor inflation expectations by focusing on short term rates
Indonesia's Nasution set to be made full governor
Bank Indonesia acting governor Darmin Nasution is likely to take on leadership officially after scoring sole nomination of the country's president; lawmakers view Nasution as a safe pair of hands
Rate move highlights gap between Russia and other Brics
Country remains in expansionary mode while fellow emerging markets start tightening due to structural and circumstantial factors
Turkish minutes flag instability in lending markets
Minutes from Turkish central bank's May meeting show policymakers fixed one week repo rate at 7% to reduce fluctuations in lending markets
IMF: Capital, not liquidity, limited post-crisis lending
Fund paper on bank lending finds that capital rather liquidity constraints froze lending following the 2007 sub-prime mortgage crisis
China’s Li calls for tightening on back of housing bubble fears
People’s Bank of China monetary policy committee member Li Daokui warns economy may overheat unless tighter monetary policies are put in place
Bank tests joint credit and interest rate risk model
Bank of England research tests endogenous model to calculate credit and interest risk; finds results differ substantially
Canada hikes by quarter point
Bank of Canada raises overnight rate to 0.5%
Hungary defies government calls for cuts
National Bank of Hungary keeps benchmark rate flat at all-time low; decision will further anger new government, which has called for steeper cuts and easy money
Libor climbs as uncertainty in European markets grows
Libor rises to highest in more than ten months as lending in European markets slows down
Bank of Canada: contractionary monetary shocks outweigh expansionary ones
Bank of Canada study shows that contractionary monetary policy shocks have more impact on output than expansionary shocks
Rate round-up: Israel opts to hold
Israeli, Kenyan, Turkish and Serbian central banks’ rates remain unchanged
FOMC minutes reveals divergent views on timing of asset sales
Federal Reserve minutes outlines discussions over an asset sale programme at the FOMC meetings in April
BoE minutes: Bank held rates on delayed recovery
Bank of England minutes show key rate was left at 0.5% on continued uncertainty over pick-up in economic growth
Policy forecasts: a new frontier in communication
Jakob de Haan weighs up the pros and cons for central banks considering publishing interest rate paths
A return to complexity: economic policy after the crisis
The crisis has challenged the fundamentals of the prevailing macroeconomic orthodoxy. Policymakers must recognise this and adopt new frameworks accordingly, Sir John Gieve argues
BoK bristles at government presence during rate-setting vote
Bank of Korea governor Kim Choong Soo calls for change in government involvement in monetary-policy meetings; tensions threaten to escalate into full-blown row
SARB points to pitfalls of exchange rate rigidity
South African Reserve Bank keeps rates flat as inflation outlook remains steady, advisor says exchange rates an important policy tool
RBA: emerging Asia behind inflationary pressures
Reserve Bank of Australia says growth in emerging Asia is adding to inflationary pressures at home in its Monetary Policy Statement
Ex-governor Fraser knocks RBA’s rapid hikes
Former Reserve Bank of Australia chief Bernie Fraser says central bank has been too eager in its rate hikes given the European debt crisis and its potential impact on growth worldwide
Rate round-up: Czech National Bank cuts on eurozone woe
Romania and Iceland also loosen; Australia, Peru and Norway raise rates by 25 basis points, Egypt and Indonesia hold
Bank of Israel - Inflation Report Q1 2010
Bank of Israel report shows interest rates likely to continue rising