Interest rates
RBI's Mohan says rates unlikely to change
the RBI's deputy governor, Rakesh Mohan, said on Thursday 8 July that he saw no change in the country's official interest rate policy following the new government's federal budget, presented earlier in the day.
Czech cb divided on June rate rise
The Czech central bank's decision to raise interest rates in June was supported by three board members and opposed by two, the central bank said on Thursday July 8.
Weber says no plan for ECB rate increase
Although the Federal Reserve recently raised US interest rates, the European Central Bank does not see a change in eurozone interest rates in the foreseeable future, ECB Governing Council member and Bundesbank president Axel Weber said on Tuesday 6 July.
Costello meets RBA board, says inflation in check
Australian Treasurer Peter Costello said he met with the board of the Reserve Bank of Australia after their monthly meeting on the morning of Tuesday 6 July, but refused to speculate on what the central bank would do.
Will ECB independence threaten ECB independence?
The Federal Reserve is about to join the club of central banks that has embarked on a course of normalizing short-term interest rates, this article says ahead of the Fed's much awaited FOMC decision. And with the ECB meeting on Thursday it describes the…
Fed set to begin 'measured' rate-rise campaign
Federal Reserve officials are set to raise interest rates on Tuesday 29 June for the first time in four years -- the first step in what they have said will be a "measured" campaign to keep inflation under control as the US economy strengthens.
Rates not to blame for slow growth: Padoa-Schioppa
The European Central Bank's reluctance to cut interest rates below 2 per cent isn't to blame for slow growth in the 12 nations that share the euro, said Tommaso Padoa-Schioppa, an ECB board member, in an interview with newspaper La Stampa.
PBOC official says no rate increase planned
People's Bank of China spokesman Bai Li said thsat he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June .
Bank of England raises interest rates to 4.5%
The Bank of England's Monetary Policy Committee voted to raise the Bank's repo rate by 0.25 percentage points on Thursday 10 June. The Bank said that inflationary pressures were likely to continue building.
IMF paper on interest rates/ currency pegs
This IMF working paper studies a policy often used to defend a currency peg: raising short-term interest rates. A key implication of the model is that an interest rate defense can always be successful, but has great costs for domestic agents. Hence, it…
Fukui says rate rises reflect changing price trend
The recent surge in Japanese long-term interest rates reflects the changing trend of prices, but deflationary pressures remain within the Japanese economy, said Bank of Japan Governor Toshihiko Fukui, according to Kyodo News.
Bank of Canada keeps interest rate unchanged at 2%
The Bank of Canada announced on Tuesday 8 June that it is maintaining its target for the overnight rate at 2 per cent. In a press release it said all things considered, the Bank's outlook for economic growth and core inflation is essentially unchanged…
BOJ's Haru cautious on possible rise in JGB yields
Bank of Japan Policy Board member Hidehiko Haru said on Thursday 3 June that it was expected that interest rates on Japanese government bonds to rise in line with an economic recovery but that an excessive jump may be harmful.
Greenspan says past no guide to future on rates
According to a letter released on Wednesday 2 June, Fed Chairman Alan Greenspan told a US lawmaker that looking at the past is no guide to predicting how quickly and aggressively the Federal Reserve will raise interest rates.
PBOC won't hike rates if economy grows
China will not raise interest rates as long as the nation's economy keeps growing, People's Bank of China Vice Governor Su Ning said at a symposium in Tokyo, the Nihon Keizai Shimbun reported.
BoJ and govt agree to watch interest rates
Top government and central bank officials agreed in a meeting on Friday 21 May that they should carefully watch interest rates, Bank of Japan Deputy Governor Toshiro Muto said.
Markets right to expect rate rise: Fed's Stern
Minneapolis Fed President Gary Stern said in an interview on Wednesday 19 May that financial markets are right to expect the Federal Reserve to start raising interest rates.
UK's Brown signals rate rise support
UK Chancellor of the Exchequer Gordon Brown said on Wednesday 19 May that he is concerned that rising wages and higher oil prices may lift inflation, and he signalled support for the Bank of England's decision to raise interest rates.
Fed minutes show concern at ultra-low rates
Some FOMC members expressed concern at their March meeting that a long period of ultra-low short-term interest rates might lead to increased speculation in financial markets, according to Federal Reserve minutes released ON Thursday 6 May.
Bank of England raises interest rates to 4.25%
The Bank of England's Monetary Policy Committee voted on Thursday 6 May to raise the Bank's repo rate by 0.25 percentage points. In a statement the MPC said although inflation was likely to remain below the 2% target in the near term inflationary…
ECB holds rates, sees improving eurozone economy
European Central Bank President Jean-Claude Trichet said on Thursday 6 may that after a "mixed" set of economic indicators for the 12-country eurozone so far this year, the most recent data appeared to be more "encouraging".
Fed set to hold rates, but signal change in stance
Federal Reserve policy-makers were due to meet on Tuesday 4 May to plot the beginning of the end for the lowest U.S. official interest rates in 46 years. Some analysts believe there's a chance that the Fed might drop the word ''patient'' in its statement…
Sweden holds rates steady at 2%
At its meeting on Wednesday 28 April the Executive Board of the Riksbank decided to leave the repo rate unchanged at 2 per cent. After a mild economic downturn the recovery in the Swedish economy has proceeded largely as expected, the Riksbank said.
ECB rates not an obstacle: Stark
The current level of interest rates in the 12-country eurozone is no obstacle to economic growth in the single currency region, the Bundesbank's interim president Juergen Stark said in newspaper interviews on Monday 26 April.