Interest rates
Bernanke and Co should do nothing
According to this article from John Berry at Bloomberg, published Friday 4 May, Federal Reserve officials will not change interest rates Wednesday amid conflicting evidence about where the US economy is headed.
Some BoJ members urged gradual rate hike
Minutes released Monday 7 May showed some members of the Bank of Japan's board called on the BoJ to do a better job communicating its intention of raising interest rates only gradually and without any timetable set in advance.
Riksbank leaves rates unchanged at 3.25%
Sweden's Riksbank said Friday 4 May it would leave its key interest rate unchanged at 3.25% but said the rate should be raised gradually in the future and by more than the 0.25% it forecast in February.
Bank of England has much to discuss next week
With the Bank of England looking certain to raise UK interest rates next week, this article from Reuters, published Friday 4 May, looks at the main factors the MPC will be discussing.
Stock exchange chief urges BoT to cut rates
According to the head of Thailand's stock exchange, the central bank should cut interest rates faster to spur sluggish domestic spending and the flagging economy.
Is Bernanke wrong on inflation?
According to this article from Bloomberg on Monday 30 April, a housing slump in the US may drive the US economy into recession, prompting the Federal Reserve to cut interest rates.
BoJ Outlook for Economic Activity & Prices, Apr 07
The Bank of Japan published the English version of its April 2007 Outlook for economic activity and prices report on 1 May. In the report the BOJ said Japan's economy is likely to realise "sustainable growth under price stability."
IMF says Bank of Mexico acted too fast
Mexico's Finance Minister Agustin Carstens said Monday 30 April that the central bank may have moved too fast in raising interest rates last week amid slowing economic growth.
France's Sarkozy redesigns BoE decision making
French presidential candidate Nicolas Sarkozy seemed to be a little out of date when discussing the Bank of England's monetary policy decision making last week on French television.
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Fukui says rates must adjust if necessary
Bank of Japan governor Toshihiko Fukui said Friday 27 April after the policy board left rates unchanged, that the BOJ must raise interest rates once prices are clearly rising and secure growth is seem.
ECB's Mersch says rates in tightening phase
European Central Bank Governing Council member Yves Mersch said in an interview with Boersen-Zeitung newspaper published Thursday 26 April that the ECB's phase of interest rate increases isn't over yet.
BoE's Tucker on financial system developments
In the speech 'A perspective on recent monetary and financial system developments' given on 26 April Paul Tucker of the Bank of England suggested that UK interest rates are nearing levels at which they will really cut into economic activity.
Bank of Canada holds rates unchanged
The Bank of Canada announced Tuesday 24 April that it is maintaining its target for the overnight rate at 4 1/4 per cent. The bank said Canadian economic growth has been roughly in line with its expectations.
Fed's Mishkin on the U.S. economic outlook
In the speech 'The U.S. economic outlook' given on 20 April Frederic Mishkin of the Federal Reserve said 'elevated' core inflation should come down if US interest rates stay at current levels.
Garganas says press reports wrongly quote him
Bank of Greece governor and European Central Bank committee member Nicholas Garganas issued a press release Monday 23 April denying making a statement in press reports that a stronger euro may mean the ECB doesn't have to raise interest rates again.
Is Reddy ready to raise rates?
With inflation rising in India, this article from Moneycontrol asks whether the Reserve Bank of India will tighten policy when it meets on Tuesday 24 April.
ECB's Weber says pressure on prices remains
European Central Bank governing council member Axel Weber told Handelsblatt newspaper in an interview published Friday 20 April that the ECB can't yet identify an end-point to its current cycle of interest rate increases.
ECB Monthly Bulletin, April 2007
The European Central Bank published its April 2007 Monthly Bulletin on Thursday 19 April. In the report the ECB said monetary policy remains on the "accommodative side", with key ECB interest rates moderate and ample liquidity in the euro area.
Sweden's berg on current monetary policy
In a speech given on 18 April Svante berg of the Sveriges Riksbank said he argued for a 25 basis point rate hike at the Riksbank's last monetary policy meeting on March 29 and was against the majority decision not to change rates.
Interview with ECB's Guy Quaden
European Central Bank council member Guy Quaden said in an interview published Monday 16 April, an increase in eurozone interest rates in the coming months is likely.
Minutes show 7-2 vote to hold UK rates
Bank of England Monetary Policy Committee members voted 7- 2 to keep interest rates unchanged for a third month in April, with Timothy Besley and Andrew Sentance in favor of a quarter- point increase, minutes published Wednesday 18 April.
King says BoE will look beyond volatility
Bank of England governor Mervyn King Wednesday 17 April sent an open letter the UK chancellor saying the MPC will look beyond short-term volatility in prices to get inflation back on track.
Riksbank's minutes show division on rates
Minutes from the Sveriges Riksbank's 29 March meeting published Monday 16 April show the central bank's board members were not unanimous in their decision to leave the repo rate unchanged at 3.25%.