Monetary policy
Czech rate-setter Tomšik promoted to vice governor
Czech National Bank chief executive director Vladimír Tomšik named second vice governor; economist Kamil Janáček gets Tomšik’s vacated director role, completing rate-setting board
Russian FX regime change ties rates closer to Europe: Bank of Finland
Bank of Finland study shows Russian interest rates moved more in line with Europe than the United States, following overhaul of exchange rate basket
Bank’s Sentance in shock call to raise rates
Arch hawk argues inflation risks warrant quarter-point hike in rates
Riksbank study finds rate-setting board too large
Riksbank study on monetary policy committees finds Sweden’s Executive Board is not as effective with six members
Rate-setters decide on premise rather than conclusion: Riksbank
Riksbank research shows decisions based on premise rather than conclusions are preferred during tied Monetary Policy Committee votes
Japan’s new finance minister says government will not interfere in BoJ policy
Japan’s newly appointed finance minister Yoshihiko Noda says current central bank stance is fine
Riksbank removes tolerance interval in monetary policy target
Swedish central bank revises the wording of its monetary policy objectives in light of the financial crisis
Rate move highlights gap between Russia and other Brics
Country remains in expansionary mode while fellow emerging markets start tightening due to structural and circumstantial factors
Turkish minutes flag instability in lending markets
Minutes from Turkish central bank's May meeting show policymakers fixed one week repo rate at 7% to reduce fluctuations in lending markets
China’s Li calls for tightening on back of housing bubble fears
People’s Bank of China monetary policy committee member Li Daokui warns economy may overheat unless tighter monetary policies are put in place
Bernanke praises emerging-market response to crisis
Federal Reserve chairman Ben Bernanke praises the Bank of Korea's policy response to the financial crisis
Cyprus: Fed took over-simplistic approach to controlling inflation
Cypriot central bank inflation study finds Fed failed to curb price growth in 1960s, 1970s
Bank of Korea elbows government out of rate decisions
Korean central bank wins battle to keep vice minister out of rate calls; government representative can attend and observe future policy meetings, but must leave before policymakers vote
Markets support Poland’s central bank nominee amid opposition murmurs
Stock market gains as analysts welcome the nomination of former prime minister Marek Belka to head the central bank; confirmation expected despite grumblings from opposition politicians
Angolan central bank loses monetary policy mandate
Parliament votes to change law so central bank can “merely participate” in monetary and exchange rate policy; government will have responsibility while central bank assists in implementation
Norges Bank: Logarithmic opinion pools better forecaster of uncertainties
Norges Bank study finds that logarithmic opinion pools are better than linear opinion pools in modelling density forecasts
Norges Bank improves forecasting methods for external shocks
Norges Bank research applies theory of conditional forecasts to dynamic stochastic general equilibrium models
Portugal's Constâncio: markets cannot self regulate
Bank of Portugal governor Vítor Constâncio discusses new vision of European regulation
Bank's Posen on western economies turning Japanese
Bank of England rate-setter Adam Posen discusses relevance of Japan's deflationary experience to western economies today
Interview: Howard Davies
The founding chairman of the UK Financial Services Authority discusses Britain’s new regulatory architecture, weaknesses in the European Central Bank’s voting arrangements, and how inflation targets need to change
Cyprus’s Orphanides calls for more attention to macroprudential regulation
Central Bank of Cyprus study into lessons from crisis says greater need for both micro and macroprudential regulation
Bank of Canada: contractionary monetary shocks outweigh expansionary ones
Bank of Canada study shows that contractionary monetary policy shocks have more impact on output than expansionary shocks
Bank of Canada: Credibility helps keep inflation expectations anchored
Bank of Canada study shows central bank credibility helped anchor inflation expectations during global financial crisis
Eurozone crisis weighs on Swiss exit plans: SNB's Jordan
Swiss National Bank deputy head Thomas Jordan says normalisation of monetary policy hampered by eurozone debt crisis