Monetary policy
Buba's focus on output-growth gap significant
The Bundesbank's response in 1970s and 1980s to the output-growth gap under monetary-growth targeting was highly significant, posits a new paper from the European Central Bank.
Iceland selects chief economist for new MPC
Reykjavik appointed Thorarinn Petursson, the Central Bank of Iceland's acting chief economist, to its newly-created Monetary Policy Committee on Tuesday.
Canada lowers again, may boost money supply
The Bank of Canada cut its benchmark rate to a record low of 0.5% on Tuesday, saying that recent data had revealed a worse-than-expected slowdown. The central bank also said that it could raise the money supply through quantitative or credit easing.
Turkey justifies steep cut
The Central Bank of Turkey cut rates by 150 basis points last month on signs that inflation would undershoot its 7.5% target for this year, the minutes for the 19 February meeting reveal.
Avoid Tokyo's mistakes to combat deflation: Ito
Takatoshi Ito, a prominent economist, has urged global monetary authorities to learn from Japan's errors in order to successfully stave off a nasty bout of deflation.
BoE's Blanchflower: employment needs fiscal boost
There is now a case for a large fiscal package aimed at boosting employment, said David Blanchflower, an external member of the Bank of England's Monetary Policy Committee.
Fears for zloty outweigh calls for cuts
The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…
SA inflation dips as new gauge introduced
South African inflation plunged by more than two percentage points last month following the introduction of a new inflation basket.
Riksbank names new monetary policy deputy
Jesper Hansson, formerly the head of the monetary policy forecasting division of the Riksbank, is the new deputy head of the central bank's monetary department.
Malaysia reneges on pledge to hold firm
Bank Negara Malaysia has cut its benchmark rate by a further half a point despite indication earlier this month that it would hold back on further loosening.
Transparency: too much of a good thing?
Too much monetary policy transparency can be bad, finds a new paper from the Bank of Japan.
CNB's Tuma not keen on bursting bubbles
Whether monetary policy to react to changes in asset prices still remains questionable, said Zdenek Tuma, the governor of the Czech National Bank.
Bank's MPC wants money levers to hit target
The Bank of England's Monetary Policy Committee has unanimously called for the use of tools to boost the money supply to meet its inflation target, minutes of its latest rate vote reveal.
What moves the yield curve?
The monetary policy response to the inflation gap impacts the yield curve, says a new research form the Kansas City Federal Reserve.
Banking will never be the same: BoE's Besley
The credit crisis has irrevocably and fundamentally altered the banking system and its regulation, Tim Besley, a member of the Bank of England's Monetary Policy Committee, has said.
Leaning against the wind talk hot air: BoE's Bean
Charlie Bean, the deputy governor responsible for the Bank of England's monetary policy, has rejected claims that countering asset-price bubbles with rate hikes would have tempered the worst of the financial excess that triggered the credit crisis.
King presents gloomy outlook
The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."
US monetary policy self absorbed - Dallas Fed
Monetary policy in the United States is too self absorbed, said Richard Fisher, the governor of the Federal Reserve Bank of Dallas in the first Annual Report of the central bank's Globalization and Monetary Policy Institute.
Peru cuts for first time in more than three years
The Central Bank of Peru cut its key interest rate a quarter point to 6.25% on Thursday. It is the central bank's first cut since July 2005.
Bank cuts to 1%, economy in severe downturn
The Bank of England chopped 50 basis points off bank rate on Thursday and stepped up the rhetoric on the scale of the crisis, saying that the global economy was now "in the throes of a severe and synchronised downturn".
SARB's easing cycle accelerates
The South African Reserve Bank cut its key rate by 100 basis points on Thursday following a 50 basis-point cut in January.
Social role of banks must change: UK's McFall
John McFall, the head of Britain's influential Treasury Committee, on why finance-industry pay must be curbed, some of the country's biggest banks nationalised and lessons can be learned from abroad
Canada's Carney: controlling inflation fundamental
Controlling inflation is the best contribution that monetary policy can make to the economic and financial welfare of Canada, said Mark Carney, the governor of the country's central bank.