Interest rates
Australia hikes rates again
The Reserve Bank of Australia raises cash rate by 0.25% for the second time since October; Stevens says the worst is over
Norway raises rates
Higher than expected inflation means Norges Bank becomes first European central bank to begin “exit strategy”
Recovery starts in India’s economy
RBI governor upbeat in mid-year monetary policy review
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
Australia hikes rates in surprise move
Reserve Bank of Australia joins Bank of Israel in tightening borrowing costs on signs recovery in full flow
Fed decision depresses markets despite positive outlook
Federal Open Market Committee sees improvement in economy, but its decision to slow purchases of mortgage-related debt hits confidence and divides analysts
Norway alludes to rate hike
Executive Board vote to maintain policy rate, but suggest tightening if current trends in Norwegian economy continue
Kenya, SA hold rates, flag recovery
Central Bank of Kenya and South African Reserve Bank relatively upbeat on growth
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
Bahrain trims rates
Central Bank of Bahrain cuts rates for first time since December, offers month-long dollar loans
Russia cuts for sixth time in five months
Bank of Russia lowers policy rate by 25 basis points in fresh effort to stimulate bank lending
Post-downturn, Fed's Plosser wants pacy hikes
Philadelphia Fed head says raising rates fast will be key
Improving institutional governance in central banks
John Mendzela urges central banks to be leaders, not laggards, in implementing robust governance principles
Depressed UAE in economic boost
Federation announces 1% cut on commercial bank interest rate facility
Denmark cuts for second time in a month
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Israel becomes first to raise rates
Bank of Israel tightens on signs economy is recovering
Hungary cuts to pre-IMF bailout levels
National Bank of Hungary chops half a point off key rate
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
SARB shocks markets with half-point cut
South African Reserve Bank surprises analysts expecting rate hold
Brazil president intervenes in monetary policy
Lula says further rate cuts “desirable”
Denmark cuts to halt krone rise
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Czechs cut rates to record low
Czech National Bank chops quarter point off official borrowing costs
Goodhart calls for negative deposit rate
Former member of Monetary Policy Committee Charles Goodhart wants Bank of England to follow Riksbank’s lead in cutting deposit rate below zero
Indonesia cuts again
Bank Indonesia cuts for ninth month in a row but bullish on outlook for second half of the year