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Monetary policy

Japan lowers growth forecast

The Bank of Japan has chopped more than half a point off its growth estimate for 2008 and warned that in a highly uncertain climate, downside risks to the economy could further limit expansion.

Sentance warns of slowdown

Andrew Sentance, a member of the Bank of England's Monetary Policy Committee, has warned of the possibility of a "more significant and sustained" slowdown than those of the recent past.

Basel II's procyclical costs

By increasing capital requirements during economic downturns, Basel II will offset improvements in monetary policy trade-offs caused by countercyclical variations, research published by the Bank of Finland finds.

Stability not gradualism has influenced UK MPC

The relative paucity of rate changes at the Bank of England since the institution became independent in 1997 is down to the increased stability of inflation and output growth, rather than a rise in the degree of gradualism, research published by the Bank…

India's central bank cuts again

The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.

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