Monetary policy
Bank’s King adamant inflation will fall
Bank of England governor Mervyn King maintains inflation will drop towards target after Office for National Statistics reports largest rise in annual CPI since September 2008
Kocherlakota explains logic of dissent to Fed's Operation Twist
Minneapolis Federal Reserve president Narayana Kocherlakota says Fed’s more accommodative policy stance is inconsistent with objectives
BoE’s Miles explains resumption of QE
Bank of England external Monetary Policy Committee member David Miles says reemergence of financial market stress and lower-than-expected inflationary pressures prompted further asset purchases
Israel completes appointments to new rate-setting body
Israeli government confirms appointment of three external members to Bank of Israel’s new Monetary Committee; rate-setting body due to vote in October
BoE injects £75 billion to save stalling economy
Bank of England Monetary Policy Committee votes for further round of quantitative easing; increases size of asset purchase programme to £275 billion
ECB paper identifies rate-setting heterogeneity among policymakers
European Central Bank study finds differences in interest rate voting patterns within three monetary policy-setting committees
Dissenter votes to hike rates on inflationary fears: Iceland minutes
Central Bank of Iceland Monetary Policy Committee minutes says one member voted to increase interest rates despite uncertainty in global economy
Bank of Israel reviews lessons learnt from crisis
Bank of Israel report looks at evidence from recent financial crisis and how policymakers can be more prepared in future
Globalisation creates monetary policy challenges for EMEs: BIS report
Bank for International Settlements report says emerging market monetary policies are becoming much more complex due to integrated global financial system
IMF paper incorporates financial sector risk in monetary policy models
Fund study examines risks of including financial stability indicators in monetary policy reaction models
Fiscal cuts can stabilise macroeconomy: Philly Fed paper
Philadelphia Federal Reserve study shows fiscal retrenchment can, in some circumstances, reduce macroeconomic instability and stimulate economic activity
Forward guidance not always a positive sum game: Subbarao
Reserve Bank of India governor Duvvuri Subbarao identifies challenges in using monetary policy statements to offer guidance on future policy
Turkey’s Basçı outlines strategy to overcome commodity price volatility
Central Bank of Turkey governor Erdem Basçı says setting targets and forecasts for inflation offers firmer commitment from central bank
BoJ prepared to react to strengthening yen, says Miyao
Bank of Japan policy board member Ryuzo Miyao says central bank stands ready to stem deflationary pressures resulting from rising yen
Posen calls for UK version of Fannie Mae
Bank of England MPC external member Adam Posen says establishment of government-sponsored entities would make up for credit short fall in lending markets; calls for immediate quantitative easing
Early monetary exit risks return to recession: KC fed paper
Kansas City Federal Reserve study shows an early monetary policy exit can lead to a double-dip recession
Bank of Israel narrow forum backs rate hold
Bank of Israel minutes show narrow forum monetary policy members were unanimous over decision to hold rates due to domestic and global outlook
RBNZ paper identifies disconnect between labour markets and rest of economy
Reserve Bank of New Zealand study shows bulk of variation in unemployment is due to labour market shocks
Expectations matter for interest rates: Norway’s Olsen
Norges Bank governor Øystein Olsen says the effect of interest rate changes varies markedly on market expectations
Rate hikes on hold for now: RBA’s Stevens
Reserve Bank of Australia governor Glenn Stevens says policy board will sit still on policy in spite of rising inflation
Bank of Albania finds no misalignment in value of lek
Bank of Albania study shows adoption of floating exchange rate regime in Albania has maintained equilibrium level of real exchange rate
Unconventional tools can ease interbank lending: ECB paper
European Central Bank study says repo haircuts can help boost interbank lending during crisis
BoE's Weale explains rate-raise vote change
Martin Weale explains decision to vote to hold rates; admonishes low UK savings records and discusses future monetary policy responses
Tough policy choices ahead for Australia: RBA’s Battellino
Reserve Bank of Australia deputy governor Ric Battellino says higher inflation and lower-than-expected growth will make monetary policy more challenging