Monetary policy
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
Bank signals one more rate rise for 2007
The Bank of England implied on Wednesday 14 February that interest rates will be raised one more time in 2007, to 5.5%.
Canada paper on monetary policy committees
The Bank of Canada Working Paper "Monetary policy committees in action: Is there room for improvement?" reviews economic, experimental, sociological and psychological studies to identify criteria for the optimal institutional setting of a central bank…
Mishkin - the new face at the board of Governors
Malam Rietveld spoke with the newest governor of the Federal Reserve Board in Washington about the parallels between his academic work and policymaking
Nightmares of a central banker
According to this article published by the Ludwig von Mises Institute on Tuesday 6 February, the record of modern central banking is bleak, with monetary policy failing again and again.
Monetary and exchange rate policy in Malaysia
The Working Paper "Monetary and exchange rate policy in Malaysia before the Asian crisis" from the Institute of Developing Economies provides a case study to characterize the monetary policy regime in Malaysia, from a medium- and long-term perspective.
BoE's Besley says data 'drip-feed' prompted hike
Bank of England MPC member Timothy Besley said in an interview with the Financial Times published Thursday 1 February he was concerned inflation would not fall as quickly as the bank would like.
BoE's Blanchflower downplays 'dove' tag
Bank of England Monetary Policy Committee member, David Blanchflower, has attempted to downplay the market's view of him as an interest rate dove in an interview with the Guardian published Monday 29 January.
BoE's King on UK inflation and monetary policy
In a speech given on 23 January Mervyn King of the Bank of England said inflation in the UK could fall quite sharply this year and that there was room for reasonable people to disagree about the timing or level of interest rate changes. On Wednesday the…
Minutes show BoE split 5-4 on rate increase
The Bank of England's Monetary Policy Committee voted 5-4 in favour of the surprise rate hike on 11 January, minutes of the meeting published Wednesday 24 January showed.
Taking personalities out of monetary policy
The Working Paper 'Taking personalities out of monetary policy decision making? Interactions, heterogeneity and committee decisions in the Bank of England's MPC' from the Centre for Dynamic Macroeconomic Analysis identifies significant interactions…
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its January 2007 Monetary Policy Report Update on Thursday 18 January. Canada's economy will pick up this year and next, while global growth slows, according to the report.
Coroner's report on death of BoE's Walton
Former Bank of England Monetary Policy Committee member David Walton was killed by a rare flesh-eating bug, a coroner's officer report has shown.
Unpredictable Bank fails in mission to be dull
According to this article from Reuters, published Thursday 11 January, the Bank of England is failing miserably in its quest to be boring.
BoE surprises markets with rate rise
The Bank of England unexpectedly raised interest rates by a quarter-point on Thursday 11 January, the third increase since August, saying inflation may accelerate.
Elements of optimal monetary policy design
This International Monetary Fund Working Paper reviews the relevant economics and social psychology literatures with a view to providing some insights into the question of optimal monetary policy committee design.
BoE committee voted unanimously to hold rates
The Bank of England's Monetary Policy Committee voted unanimously to hold its key repo rate unchanged at a five-year high of 5.00, minutes released Wednesday 20 December showed.
UK rates have peaked - OECD
British interest rates are likely to have hit their peak according to the OECD's latest Economic Report, released on 28 November.
Chicago Fed inflation conference report
The December 2006 "Chicago Fed Letter" summarises the findings of a conference hosted by the Federal Reserve Bank of Chicago's Inflation Research Center on price stability.
Bank of England moves rates higher as expected
The Bank of England's Monetary Policy Committee voted Thursday 9 November to raise UK interest rates by 0.25 percentage points to 5.0%.
Why monetary policies have not been too loose
A further global tightening of monetary policy in an attempt to manage asset-price volatility would be misguided, writes Bill Allen
How payment systems affect monetary policy
Payment systems provide the means for making monetary policy. Plans for reforms in one must consider effects on the other, writes Stefan W. Schmitz
Polls see BoE raising rates 0.25% next week
The Bank of England is set to raise rates by a quarter point next week according to two recent City polls.