Monetary policy
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.
Nigeria cuts for first time in seven months
The Central Bank of Nigeria sliced 175 basis points off its key interest rate on Thursday with the scarcity of credit outweighing concerns over inflation.
Iceland cuts by 150 basis points
The Central Bank of Iceland cut its policy rate by one and half basis points to 15.5% on Wednesday, the second cut in less than a month.
UK opposition moots change to BoE price target
Britain's main opposition party has indicated that it will review the Bank of England's inflation target if it comes to power.
Depth of Icelandic cut limited on krona concern
Members of the Central Bank of Iceland's monetary policy committee decided unanimously to cut the key policy rate by a full percentage point to 17% but resisted a steeper move owing to caution about the impact on the currency, the minutes for the 17 and…
Turkey justifies cut to record low
The Central Bank of Turkey cut rates by 100 basis points to an all-time low earlier this month on signs that the global economic outlook continued to deteriorate and the depression was expected to be long lasting, the minutes for the 19 March meeting…
Europe's and Japan's fiscal actions procyclical
Discretionary fiscal policy tended to be procyclical in continental European countries and Japan, a new paper from the International Monetary Fund posits.
More interest-rate info from Chile's De Gregorio
As part of its process of increasing transparency, the Central Bank of Chile has improved the level of detail of interest rate information being made available, said Jose De Gregorio, the governor of the Central Bank of Chile.
A guide for would-be MPC members
An ability to challenge convention, courage in one's convictions and a thick skin are some of the qualities essential for Monetary Policy Committee members, two external members of the Bank of England's committee have said.
South African Reserve Bank - Quarterly Bulletin
South Africa cannot escape the negative consequences of the international financial turmoil, notes the South African Reserve Bank's March Quarterly Bulletin.
MPC dove slams policy orthodoxy
David Blanchflower, an external member of the Bank of England's Monetary Policy Committee, has launched a scathing attack on monetary-policy orthodoxy, questioning inflation targeting's intellectual roots and advocating consideration of whether to use…
South Africa cuts by 100 basis points
The South African Reserve Bank chopped 100 basis points off its key rate for the second month in a row on Tuesday.
Monetary policy can affect relative prices
Monetary policy can affect relative prices in the economy, a new paper from the Bank of England posits.
Albania needs core inflation reporting
Core inflation reporting and analysis should be included in the Bank of Albania's periodical reports on monetary policy, a paper from the central bank finds.
Turkish rates hit record low
The Central Bank of Turkey's decision to lower its benchmark rate by a full percentage point on Thursday took borrowing costs in the country at an all-time low.
Indian inflation near zero
Indian inflation has reached a 20-year low of just 0.44%.
Iceland's new MPC cuts by 100bp in first decision
The Central Bank of Iceland's Monetary Policy Committee, set up earlier this month, has cut the key policy rate by a full percentage point to 17%.
Fed feedback: bombshell welcomed but some concern
Reaction to the Federal Open Market Committee's decision to buy Treasuries has been broadly positive but some are concerned by the apparent rashness of a decision about which Fed officials had given scant indication.
Morgan Stanley economist new MPC member
Alistair Darling, the chancellor of the exchequer, announced on Thursday that David Miles will replace David Blanchflower as an external member of the Bank of England's Monetary Policy Committee (MPC) on 1 June.
BoE unanimous on March decision
The minutes from the March meeting of the Bank of England's Monetary Policy Committee show members voted unanimously to cut bank rate by 50 basis points to a fresh all-time low of 0.5% and to buy £75 billion-worth ($104.8 billion) of assets using central…
Sri Lanka keeps on cutting
The Central Bank of Sri Lanka slashed its policy rate by 175 basis points to 14.75% on Wednesday in an effort to encourage lending and revive economic activity.
SA shifts to monthly schedule for rate moves
The South African Reserve Bank's rate-setters are will vote once a month for the remainder of the year after the central bank announced it was doubling the frequency of its meetings for 2009.
Policy can make deflationary episodes more costly
The costs of previous deflationary episodes have been exacerbated by inappropriate policy responses, a new paper from the Bank of England posits.