Monetary policy
Draghi places emphasis on governments to drive EU growth
ECB president says national policy-makers must take measures to develop the competitiveness of their economies; downside risks prevalent for euro economy
Fed’s Plosser cautions against aggressive monetary policy loosening
Philadelphia Fed chairman warns of threat to economic stability from inflation in the medium term; hints rates may have to be raised before 2014
IMF paper airs inflation fears for US monetary policy
IMF working paper finds continued loose monetary policy can only be maintained if inflation expectations are kept in check
King sets out loose monetary policy exit plan
Governor of the Bank of England explains how the UK will unwind from the loose monetary policy measures brought in to support the flailing economy
OECD’s Gurría wants ‘mother of all’ firewalls in Europe
OECD secretary-general demands expansion of emergency funds available to struggling eurozone sovereigns; wants monetary conditions to remain ‘supportive’
Riksbank chooses new deputy head of monetary policy department
Christina Nyman becomes deputy head of monetary policy department; will lead the work of preparing the Riksbank’s Monetary Policy Report
Former BoE deputy governor warns on unwinding QE
Unravelling never-before-seen levels of quantitative easing in the global system will be an unprecedented challenge, says John Gieve
SNB official claims minimum exchange rate improves quality of market
Policy of pegging value of Swiss franc relative to the euro has seen the exchange rate market improve substantially says central banker
Bernanke delivers first student lecture
Fed chairman recounts origins of central banks and stresses their importance in first lecture to US students; lecture series takes place at key time as fierce Fed critic Ron Paul runs for president
QE is ‘decisively working’ say CBP panellists
Central Banking On Air event focuses on impact of quantitative easing; panellists agree emergency monetary policy steps have been effective but question whether the Fed has ‘over-committed’ itself
Increased fixed capital formations in South Africa
Latest quarterly bulletin from Sarb strikes optimistic note; chief economist at the central bank says increase in capital spending originates from both private and public sectors
Norges Bank announces operational changes
Norwegian central bank to create third core function department; new structure to come into effect at beginning of June
Weidmann airs unresolved questions of financial crisis
Bundesbank president details areas where research is needed to better understand the causes of the financial crisis; wants to better understand risks of securitisation practices
IMF paper discusses strengthening Russia's fiscal framework
Working paper from IMF researchers sets out ways Russian fiscal policy is straying from best practice and suggests improvements
National Bank of Hungary studies voting by MPC members
Research from the Hungarian central bank finds evidence that preference heterogeneity is random among the members of the policy-setting committees at the central banks of Poland and Hungary
China prepares for MPC overhaul
State news agency reveals new members of monetary policy committee; all three are senior academics in the country
HKMA head Norman Chan on bank regulation and the renminbi
Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation
BoE boosts QE by £50 billion
Bank of England increases the size of its Asset Purchase Programme to £325 billion as forecasts show inflation in the UK is likely to undershoot its target in the medium term
Ukraine deputy governor resigns
National Bank of Ukraine quietly replaces Volodymyr Krotiuk as deputy governor; offers no explanation as director of financial department takes over the role
IMF paper captures spillover effects from tougher capital rules
Fund study shows international spillover effect from higher capital requirements typically account for 20-25% of the total impact on output
Former BoE policy-makers discuss QE and financial repression
Andrew Sentance joins Fathom Monetary Policy Forum for the first time; joins Rachel Lomax and Ian Plenderleith to discuss quantitative easing and financial repression
Rapid credit growth in Asia driven by domestic factors, says IMF paper
International Monetary Fund study says domestic monetary policy can play a pivotal role in managing credit growth in emerging Asian markets
Fed's new monetary policy strategy is "flexible inflation-targeting", says Bullard
Federal Reserve Bank of St Louis president James Bullard says putting an explicit inflation target together with a sensible stabilisation policy is flexible inflation-targeting
RBA surprises markets with rate hold
Reserve Bank of Australia policy board leaves cash rate unchanged despite market expectation of 25-basis point cut in rates due to weak external outlook