Interest rates
ECB council members signal May cut
Two of the members of the European Central Bank's (ECB) Governing Council have signalled that the central bank will cut again next month and may introduce further measures to soothe credit conditions.
Philippines' Tetangco mindful of inflation
Monetary policy in 2009 will continue to pursue prudent rate movements mindful of price stability as the primary mandate, Amando Tentangco, the governor of the Central Bank of the Philippines, has said.
Sweden cuts rates to record 0.5%
The Riksbank cut its benchmark interest rate by half a percentage point to an all-time low of 0.5% on 21 April.
Mexico cuts despite above-target inflation
The Bank of Mexico cited its growing concern about the extent of the slowdown in the national economy as the reasons for a deeper than anticipated cut in interest rates last Friday.
A new method for evaluating risk aversion
Researchers from the European Central Bank have uncovered a new method of extracting time-varying risk aversion from asset prices.
Bank of England holds on quantitative easing
The Bank of England has opted to wait and see what impact its quantitative easing programme is having before pledging a further boost to the money supply.
ECB's policy rule does not fit all
Euro policy rates best fit the largest eurozone members, research from the Bank of Finland posits.
We won't let banks fail - Nigeria's Soludo
Chukwuma Soludo, the governor of the Central Bank of Nigeria, said on Monday that the central bank will not allow any of the domestic banks to fail.
Inflation in new EU10 driven by common factors
A major part of inflation in the ten new European Union (EU) member countries is driven by common factors, a new paper from the International Monetary Funds reveals.
South Africa cuts by 100 basis points
The South African Reserve Bank chopped 100 basis points off its key rate for the second month in a row on Tuesday.
Monetary policy can affect relative prices
Monetary policy can affect relative prices in the economy, a new paper from the Bank of England posits.
Turkish rates hit record low
The Central Bank of Turkey's decision to lower its benchmark rate by a full percentage point on Thursday took borrowing costs in the country at an all-time low.
Iceland's new MPC cuts by 100bp in first decision
The Central Bank of Iceland's Monetary Policy Committee, set up earlier this month, has cut the key policy rate by a full percentage point to 17%.
Fed feedback: bombshell welcomed but some concern
Reaction to the Federal Open Market Committee's decision to buy Treasuries has been broadly positive but some are concerned by the apparent rashness of a decision about which Fed officials had given scant indication.
Sri Lanka keeps on cutting
The Central Bank of Sri Lanka slashed its policy rate by 175 basis points to 14.75% on Wednesday in an effort to encourage lending and revive economic activity.
Chile makes mammoth rate cut
The Central Bank of Chile chopped 250 basis points off its key rate on Thursday, saying that it expected inflation to slide speedily.
Switzerland to intervene to halt franc's gain
The Swiss National Bank pledged to curb the appreciation of the Swiss franc against the euro on Thursday and said that there was a risk of deflation over the next three years.
NZ's Bollard sees recovery soon
The Reserve Bank of New Zealand cut its key rate to a fresh record low on Thursday, but Alan Bollard, the governor of the Reserve Bank, signalled an economic recovery is not far off.
China's Zhou promises rapid action if needed
Zhou Xiaochuan, the governor of the People's Bank of China, has pledged to act speedily and forcefully to prevent a slump in confidence during the financial crisis.
Crisis impacting low-income countries: DSK
Third wave of the crisis is hitting low-income countries, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
India makes fresh attempt to spur growth
The Reserve Bank of India announced a fresh round of rate cuts on Wednesday aimed at restoring the health of its ailing economy.
Turkey justifies steep cut
The Central Bank of Turkey cut rates by 150 basis points last month on signs that inflation would undershoot its 7.5% target for this year, the minutes for the 19 February meeting reveal.
Avoid Tokyo's mistakes to combat deflation: Ito
Takatoshi Ito, a prominent economist, has urged global monetary authorities to learn from Japan's errors in order to successfully stave off a nasty bout of deflation.
Fears for zloty outweigh calls for cuts
The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…