Monetary policy
Phillips curve is flattening
A new paper from the Reserve Bank of Australia finds that the Phillips curve, which measures the relationship between unemployment and inflation, has flattened in recent years.
Trichet comments raise prospect of December cut
The European Central Bank (ECB) kept rates on hold again on Thursday, but more-dovish-than expected comments from Jean-Claude Trichet, the central bank's president, signalled the Governing Council could cut before the end of 2008.
Turkey justifies September hold
The Central Bank of Turkey's rate-setting committee in September opted to keep rates on hold despite an improvement in the inflation outlook.
Fed's Fisher still warning on inflation
Richard Fisher, the president of the Dallas Federal Reserve who is considered the Federal Open Market Committee's (FOMC) most hawkish member, has signalled that he would still not back a rate cut.
MPC members signal Bank won't cut just yet
Despite Sir John Gieve's indication earlier this week that he would back a rate cut in the coming months, comments by other members of the Bank of England's Monetary Policy Committee (MPC) signal rates will stay at 5% for the time being.
BoE's Dale: housing to impact banks
The deterioration in the housing market is likely to impact banks' balance sheets, leading them to tighten further the supply of credit, said Spencer Dale, the chief economist and a member of the Monetary Policy Committee (MPC) of the Bank of England.
Bank of England's September minutes
The minutes from the September meeting of the Monetary Policy Committee show most members judged maintaining the current rate necessary to bring inflation back to target.
Papademos: China should rethink monetary tools
China's battle against inflation requires enhancing the room for manoeuvre in monetary policy, said Lucas Papademos, the vice president of the European Central Bank.
Mistakes made on liquidity - Tumpel-Gugerell
The current crisis shows central bankers and regulators underestimated liquidity risk, admitted the European Central Bank's Gertrude Tumpel-Gugerell.
BoE's Tucker highlights inflation risk
The news on the British economy has got worse and inflation now looks more likely to fall sharply in 2009, but Paul Tucker, the executive director responsible for markets at the Bank of England, signalled Friday that the Monetary Policy Committee (MPC)…
Does the ECB follow the Fed?
New research from Deutsche Bank looks at how closely the European Central Bank's (ECB) monetary policy follows that of the Federal Reserve.
Brazil hikes but hints tightening may moderate
The Central Bank of Brazil raised its key rate by 75 basis points for the second-straight vote on Wednesday, but looks likely to back smaller hikes in the coming months.
Central Bank of Honduras - Annual Report 2007
The Central Bank of Honduras raised rates four times last year to combat a surge in inflation, the institution's latest Annual Report states.
Ghana still going for goal
Lionel Van Lare Dosoo, a deputy governor at the Bank of Ghana, tells Central Bank News why the institution's Olympian efforts to eradicate the country's inflation problem will stay on track despite recent events.
We deserve praise: Philippines' Tetangco
Amando Tetangco, the governor of the Central Bank of the Philippines, believes the institution's Monetary Policy Committee has performed well, all things considered.
Developments a mixed bag for Bank: Goodhart
The growth outlook has deteriorated, but there is room for optimism for the Bank of England in other areas, says Charles Goodhart, a former member of the Monetary Policy Committee
Fed funds rate fails to capture policy stance
Eric Rosengren, the president of the Boston Federal Reserve, has noted that the federal funds rate cannot be seen as a fair reflection of the Fed's monetary policy stance in times of stress.
Australia cuts on signs of slower growth ahead
The Reserve Bank of Australia lowered its key rate from a 12-year high on evidence that earlier hikes have succeeded in subduing demand.
Risks from low rates warrant attention: Shirakawa
Central banks must be watchful after a period of low rates, cautioned Masaaki Shirakawa, the governor of the Bank of Japan.
China eases lending rules to sustain growth
The People's Bank of China said Monday it will make lending more flexible to encourage "stable and relatively fast growth".
BoE's Blanchflower steps up call for cuts
David Blanchflower, a member of the Bank of England's monetary policy committee (MPC), issued an apocalyptic forecast about Britain's economic prospects, and urged immediate interest rate cuts of at least 25 basis points to prevent the country falling…
IMF's Lipsky on the benefits of transparency
The benefits of central bank transparency should be remembered despite some drawbacks, said John Lipsky, the first deputy managing director of the International Monetary Fund.
Chile's De Gregorio hints at further hikes
Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.
Turkey's Yilmaz confident on inflation targets
Inflation targets set for the next three years are attainable even if food and energy prices continue to rise quickly, said Durmus Yilmaz, the governor of the Central Bank of Turkey.