Monetary policy
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.
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.