Monetary policy
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.
Nov rate hike is 'not a done deal' says BoE's King
Mervyn King, the Bank of England's governor, told the House of Lords on Tuesday 31 October that speculation of another interest rate hike in November is not a "done deal".
Bank of England voted 7-2 to hold rates
The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.
Treasury Committee to look into MPC process
The Treasury Select Committee has said it expects to look into the appointment process to the Bank of England's interest rate-setting Monetary Policy Committee some time next year.
Bank of England governor may be outvoted on rates
This article from Reuters, published Thursday 12 October, asks whether Mervyn King could be outvoted for the second time at the Bank of England's next rate-setting meeting.
BoE's Besley: Second round price pressures exist
Bank of England Monetary Policy Committee member Tim Besley warned Thursday 12 October that second-round inflationary pressures still exist despite the drop in oil prices.
UK's Blanchflower on his first four MPC votes
In the speech 'Reflections on my first four votes on the MPC' given on 27 September Professor David Blanchflower of the Bank of England painted a softer picture on the outlook for the UK economy, saying that both inflation and growth are likely to come…
MPC considered rate rise says BoE's Gieve
The Bank of England's Monetary Policy Committee considered raising interest rates for the second consecutive month in September, deputy governor Sir John Gieve told the Financial Times newspaper in an interview published Monday 25 September.
Barker says MPC surprised by house price jump
Bank of England Monetary Policy Committee member Kate Barker told the Daily Telegraph the recent jump in UK house prices has surprised the MPC.
IMF on transparency and supervision in Africa
The IMF has published a new country report that looks at monetary and financial policy transparency in central Africa.
NBER paper on optimal monetary policy
An NBER research paper on optimal monetary policy concludes that, in the presence of price stickiness, policymakers should focus their efforts actions towards low inflation volatility.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Norges Bank raises interest rates
In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".
Policy coordination and future IMF surveillance
Alexander Swoboda analyses past attempts at international policy coordination, and asks what role a newly mandated IMF should play in unwinding global imbalances