Monetary policy
Mexico central bank set to shore up currency
MEXICO - The Mexican central bank is expected to tighten monetary policy on Monday to shore up support for the peso, which fell 3.5 per cent last week.
Bank research casts doubt on MPs' scrutiny
UK - Bank of England staff have investigated whether parliamentary scrutiny is as onerous in other countries after being wounded by the ferocity of parliamentary confirmation hearings for those nominated to the monetary policy committee.
Article on Christopher Allsopp's speech
ARTICLE - The article 'Why deflation may yet destabilise the monetary policy regime' by Stephen King in the Independent newspaper on Monday looks at a recent speech by Bank of England MPC member Christopher Allsopp.
Speech by C Allsopp, Bank of England, 19 Sep
SPEECH - In the speech titled 'Macroeconomic Policy Rules in Theory and in Practice' Allsopp argued against using interest rates to burst asset price bubbles. "In my view, the most persuasive argument against using interest rates to moderate…
Reserve Bank of New Zealand Press Release
PRESS RELEASE - Monetary Policy Challenge winner announced, 18 September.
Norges Bank Press Conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Excecutive Board of 18 September.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting, 4 and 5 September 2002. The MPC voted unanimously in favour of maintaining the repo rate at 4%. The Committee agreed that the world economy was on balance a little weaker than…
Bank of Japan Press Release
PRESS RELEASE - On today's decision at the Monetary Policy Meeting, 18 September.
Bank of England unanimous on holding rates
UK - The Monetary Policy Committee voted unanimously to keep UK interest rates unchanged at their September meeting according to the latest minutes published on Wednesday by the Bank of England.
South African Reserve Bank Press Release
PRESS RELEASE - Statement of the Monetary Policy Committee. Issued by Mr T.T. Mboweni, Governor of the South African Reserve Bank, after a meeting of the Monetary Policy Committee in Pretoria, 12 September.
ECB Press Release, 12 Sep
PRESS RELEASE - Monetary policy decisions, 12 September.
Thailand's MPC leave interest rates steady
THAILAND - The Monetary Policy Committee on Tuesday left short-term interest rates unchanged, but said it would lean toward future rate cuts if overseas risks increased.
Venezuelan central bank rejects gov't criticism
VENEZUELA - The Central Bank of Venezuela (BCV) has said that it will continue its monetary policy despite criticism from the government and warned about the negative consequences a confrontation of positions would have on the exchange market.
Chile keeps key rates on hold at 3 percent
CHILE - Chile's central bank said on Thursday it had kept key interest rates on hold at an all-time low of 3.00 percent at a meeting of its monetary policy committee.
RBI Annual Report confident of credit growth
INDIA - The Reserve Bank of India (RBI), in its annual report for 2001-2002 released Friday, has said that the overall stance of the monetary policy for 2002-03 would be on the provision of adequate liquidity to meet credit growth and support investment…
Thai central bank chief upbeat about progress
THAILAND - The managed float of the baht and inflation-targeting system are appropriate for setting monetary policy in current economic circumstances, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand, reports the Bangkok Post.
ECB Working Paper Series
RESEARCH - 'The Industry Effects of Monetary Policy in the Euro Area' by Gert Peersman and Frank Smets, August 2002.
Bank of Japan Transparency Report
REPORT - The Self-Assessment Report on Transparency Practices for Monetary Policy, Bank of Japan, 16 August.
Some Fed members saw policy as too easy in June
US - In late June, some members of the Federal Reserve's interest-rate panel thought monetary policy was too easy for the central bank's long-term inflation-fighting and growth goals FOMC minutes show.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 15 and 16 July 2002, released 14 August. The minutes show that the members felt the U.S. economy was continuing on a recovery trend. On the current state of Japan's economy, members…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 26 June 2002, released 14 August. The policy board acknowledged that most U.S. economic indicators confirmed that the country's economy continued to be on a recovery trend. The board…
Federal Reserve Bulletin - August 2002
REPORT - The Bulletin is in two parts. Firstly the Monetary Policy Report to the Congress and an article, 'The Use of Checks and Other Noncash Payment Instruments in the United States'. The article suggests that the use of checks in the United States has…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting, 31 July and 1 August 2002. The minutes showed members of the Bank of England unanimously voted to leave interest rates on hold at the 31 July-1 August meeting. The members…
MPC voted unanimously to hold UK rates
UK - The Bank of England's Monetary Policy Committee discussed the case for a cut in interest rates at its August meeting, according to the minutes of its meeting published on Wednesday.