Monetary policy
Reform of the international monetary system: a modest proposal
Richard N. Cooper presents an idea to enhance the stability of the international monetary regime
Reforming financial regulation and the international monetary system
The regime we have is far from perfect. But regulatory oversight can go some way towards countering its flaws, Jacques de Larosière believes
Central banks risk amplifying tightening cycle
Working group review on sovereign debt management issues warns that lack of communication between central banks and debt managers risks amplifying tightening cycles
Brazil creates Finance Stability Committee
Central Bank of Brazil creates Financial Stability Committee to supervise financial industry and manage systemic risk
BoE minutes: little evidence of wage-price spiral forming
Bank of England minutes say high levels of inflation are not feeding into inflation expectations and wages
Europe must share blame for sovereign debt crisis: ECB’s Stark
Stark says European Monetary Union failures contributed to situations in Greece, Ireland and Portugal; calls for end to emergency stimulus policies
Interest rates can only dampen systemic risk: Norway’s Olsen
Norges Bank governor Øystein Olsen says interest rate rise could have dampening effect on build-up of systemic risks but price stability remains primary objective
UK inflation climbs to 4.5%
CPI inflation rises to 4.5% in April due to higher transport costs; prompts Bank of England governor Mervyn King to send sixth consecutive letter to chancellor
Monetary policy, a fine balancing act: Sweden’s Ingves
Riksbank governor Stefan Ingves says policymakers must maintain balance between theory and practice in monetary policy decisions
South Africa inflation set to exceed target range
Monetary Policy Committee statement reveals South African Reserve Bank’s fears over inflation
India should have monetary policy committee: Subbarao
Reserve Bank of India governor calls for full “legally-backed” autonomy for the central bank; necessary for the establishment of a monetary policy committee
SNB’s Hildebrand unconvinced on need for global safety net
Swiss National Bank chairman cites three reasons why global mechanism for liquidity provision may not be necessary
Don’t hand over reins to markets: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi sets out four reasons why sovereigns’ fates should not be left in the hands of markets
ECB publishes the third edition of monetary policy book
ECB releases comprehensive overview of the ECB's monetary policy
Bank of Japan praised for post-disaster actions
Government representatives at monetary policy meeting expressed appreciation for the central bank’s “swift and appropriate actions after the earthquake”
Phasing in Basel III rules eases economic costs: IMF paper
Fund study shows that implementing higher capital and liquidity requirements over a lengthy period of time can help reduce the macroeconomic costs of enforcing such rules
Iceland minutes shows dissent from MPC member
Central Bank of Iceland Monetary Policy Committee minutes says one dissenter voted to raise rates by 25 basis points amid growing inflationary pressures
Bank of England keep rates at record low
Bank holds for fourteenth month in a row
Denmark’s Bernstein: rate hike may dampen growth
National Bank of Denmark governor Nils Bernstein says rate hike will not trigger an economic reversal but may have dampening effect on economy
Sarb’s Mminele on policymaking in volatile markets
South African Reserve Bank deputy governor Daniel Mminele discusses challenges for policymakers in uncertain financial markets
ADB discusses stability, inflation and the dollar at AGM
Annual general meeting of the Asian Development Bank touches on core issues for the region; stability, inflation and reforming the international monetary system
BIS paper highlights change in bank-lending channel
Bank for International Settlements study shows shift in drivers of bank-lending channel in European and United States pre-crisis
Bank’s Sentance calls for revaluation of sterling rate
Bank of England external Monetary Policy Committee member Andrew Sentance says Bank needs to strike a more even balance on sterling value
Bank minutes outlines downside risks to economy
Minutes of Bank of England monetary policy meeting highlights evidence of continued weakness in UK economy