Monetary policy

Testimony of Fed Chairman Alan Greenspan, 27 Feb

TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…

Speech by Nobuyuki Nakahara, Bank of Japan, 11 Dec

SPEECH - In the speech titled 'The Japanese Economy and Monetary Policy in a Deflationary Environment' Nakahara said the central bank should take radical monetary steps, including buying 200 billion yen ($1.59 billion) a month of foreign bonds or using…

Give Wadhwani a longer run at Bank

FEATURE - Sushil Wadhwani has denied a stock market rumour that he asked Gordon Brown to keep his seat on the Bank of England's Monetary Policy Committee after his three-year term expires in May.

Speech by Miyako Suda of the Bank of Japan, 5 Nov

SPEECH - Based on a speech given by Miyako Suda, Member of the Policy Board, at the Meeting on Economic and Financial Matters in Saitama on November 5, 2001. It is a translated and revised version of the Japanese text released in November. Released 25…

ECB Working Paper Series

RESEARCH - Performance of monetary policy with internal central bank forecasting, by Seppo Honkapohja and Kaushik Mitra, February 2002, ECB Working Paper No. 127.

Speech by Tito Mboweni, Res Bank of South Africa

SPEECH - Mboweni said in the speech titled, 'Globalisation and implications for monetary policy in South Africa' that we are witnessing the global acceptance by political leaders of the independence of central banks as a critical factor for credible…

Brazil to handle exchange interventions online

BRAZIL - Brazil's central bank will transfer intervention operations in the currency exchange market to an online system, Central Bank Monetary Policy Directory Luiz Fernando Figueiredo said late Wednesday.

Speech by Dr Y.V. Reddy of Reserve Bank of India

SPEECH - In the speech titled 'Parameters of Monetary Policy in India' Reddy said the central bank might consider a package of measures announcing a one-time reduction in the CRR to three percent, to expedite development of markets, accompanied by…

Fischer suggests managed floating currency system

INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…

BIS research papers

RESEARCH - Research from the BIS 'Comparing monetary policy operating procedures across the United States, Japan and the euro area', Monetary and Economic Department, Bank for International Settlements, December 2001.

Speech by Christopher Allsopp of Bank of England

SPEECH - Charles Allsopp said in the speech that maintaining a stable rate of economic growth should be given a clearer role in the policy framework of the European Central Bank and that greater symmetry in inflation targetting had worked well in Britain…

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