Monetary policy
Canada's Carney stresses policy flexibility
The Bank of Canada retains considerable monetary-policy flexibility despite rates being near the zero bound, said Mark Carney, the governor of the central bank.
Iceland cuts by 250bp, eases capital controls
The Central Bank of Iceland's Monetary Policy Committee chopped 250 basis points off its benchmark policy rate on Thursday. The cut, which leaves the rates at 13%, comes as the central bank agreed to relax some capital controls.
Bank expands quantitative easing by £50 billion
The Bank of England's Monetary Policy Committee on Thursday increased the size of its quantiative easing programme by £50 billion ($75.2 billion) to £125 billion.
Central Bank of Iceland - Monetary Bulletin
In view of the uncertainty related to the global financial crisis, the Central Bank of Iceland's latest Monetary Bulletin has noted that capital controls must be removed cautiously.
China warns on QE inflation threat
The People's Bank of China has said that quantitative easing posed huge risks for international markets and the global economy.
SNB's Jordan: exit from zero-rate policy tricky
Pinpointing the optimal date for exiting from the current zero interest-rate policy of the Swiss National Bank will be critical, said Thomas Jordan, a member of the institution's Governing Board.
Fed's Lacker sees end of year recovery
Jeffrey Lacker, the president of the Richmond Federal Reserve, expects the recession to end later this year.
ECB's Bini Smaghi: credit easing won't work for us
Unconventional policy measures that would best suit the euro area are likely to differ in terms of scope and depth from those in the United States or other advanced economies, said Lorenzo Bini Smaghi, a member of the European Central Bank's (ECB)…
Bangladesh Bank - Annual Report 2007-2008
The Bangladeshi economy expanded at a satisfactory pace during the 2008 financial year despite a number of natural disasters, notes the latest Annual Report from the country's central bank.
SA expected to continue easing after 100bps
The South African Reserve Bank acted in line with market expectations on Thursday by cutting 100 basis points off its main rate - a move which it is now forecast to repeat in May after the governor signalled the economy was in recession.
Banks right to lend cautiously: BoE's Barker
The British government's strategy of encouraging British banks to lend received a setback on Wednesday after Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC), said that she could understand their reluctance to lend.
ECB council members signal May cut
Two of the members of the European Central Bank's (ECB) Governing Council have signalled that the central bank will cut again next month and may introduce further measures to soothe credit conditions.
Philippines' Tetangco mindful of inflation
Monetary policy in 2009 will continue to pursue prudent rate movements mindful of price stability as the primary mandate, Amando Tentangco, the governor of the Central Bank of the Philippines, has said.
RBI's Mohan wants rethink on asset-price bubbles
The relationship between monetary policy and asset prices needs to be revisited, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.
Indian cut smaller than expected
The Reserve Bank of India cut interest rates by a quarter point on Tuesday, less than many observers had been predicting.
Icelandic rate setters divided on April cut
Iceland monetary-policy makers voted four to one to cut rates by 150 basis points, minutes of the April meeting revealed.
Monetary policy in turbulent times
The global financial crisis has hit the British economy hard, but this does not mean monetary policy should change its focus, said Andrew Sentance, a member of the Bank of England's rate-setting Monetary Policy Committee.
Crisis revealed SNB rate policy strength: Roth
The Swiss National Bank's (SNB) unique monetary policy proved useful in staving off a worsening of credit conditions in the wake of the financial crisis, Jean-Pierre Roth, the chairman of the central bank's governing board, has said.
Sweden cuts rates to record 0.5%
The Riksbank cut its benchmark interest rate by half a percentage point to an all-time low of 0.5% on 21 April.
SF Fed's Yellen: rates may have to burst bubbles
Janet Yellen, the president of the San Francisco Federal Reserve, has acknowledged that rate hikes may be necessary to counter asset-price bubbles, challenging a central tenet of the Greenspan-era Fed and her own previously-held views.
Bank of Finland - Annual Report 2008
The financial crisis has placed every aspect of the Bank of Finland's operational capacity under pressure, notes the central bank's latest Annual Report.
Inflation targeting not enough: BoE's Barker
Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC) has acknowledged that inflation targeting alone cannot produce economic stability.
Iceland's Oygard optimistic on recovery
Svein Oygard, the new governor of the Central Bank of Iceland, is confident that the country can become an exemplar of how to conduct a swift economic recovery.