Monetary policy
Cabinet reduces number on board at CB of China
TAIWAN - The board of directors, which is responsible responsible for monetary policy at the Central Bank of China, is to be reduced to seven from the current 15 people according to a draft bill passed by the cabinet on Thursday.
Speech by K Persson of Sveriges Riksbank, 11 Jun
SPEECH - Persson said in a speech titled 'The economic situation in a monetary policy perspective' that Sweden's participation in the euro would have various advantages for the economy but acknowledged the disadvantage of a loss of self determination in…
Speech by J Alfred Broaddus, Richmond Fed, 5 Jun
SPEECH - In a speech titled 'An Update on the Economy and Monetary Policy' Broaddus said that the outlook for the next several quarters was 'murky' but that the recovery seemed firmly in place.
Speech by Stephen Nickell, Bank of England, 19 Jun
SPEECH - In the paper titled 'Monetary Policy Issues: Past, Present, Future' Nickell answered questions such as Has the MPC demonstrated a bias towards deflation?, and What are the challenges for the immediate future?
Independent NBP will consider weaker zloty
POLAND - President Aleksander Kwasniewski, who last week agreed to become a mediator between the government and the Monetary Policy Council (RPP), after meeting the latter on Tuesday, has confirmed his dedication to the independence of Poland's central…
Minutes of BOJ monetary policy meeting, 30 April
MINUTES - Bank of Japan has released the minutes of the Monetary Policy Meetingon April 30 2002. The vote was unanimous.
Speech by Otmar Issing, ECB, 10 June
SPEECH - At the ECB Watchers conference in Milan on 10 June, Professor Otmar Issing, member of the Executive Board of the ECB, gave a speech on 'Monetary policy and the role of the price stability definition' in which he concludes that the ECB's twin…
Research from the St Louis Fed
REPORT - The Federal Reserve Bank of St. Louis Review, May/June 2002.
Outgoing MPC member raises bank independence fears
UK - The independence of the Bank of England could be at risk if it continues to undershoot its target for inflation, a member of the Bank's monetary policy committee has warned.
Wadhwani - Inflation forecasts overestimate threat
UK - Reaching for an analogy to explain what the Bank of England's monetary policy committee has got wrong, Sushil Wadhwani turns to the wisdom of one of the cricketing legends: Geoff Boycott in an interview with the Financial Times.
Brash hits back at dissent on growth policy
FEATURE - Former New Zealand Reserve Bank governor Dr Don Brash has hit back at the view that the bank's approach to monetary policy hobbles economic growth reports the New Zealand Herald on Tuesday.
Bank of Korea chief cites peril of 'cronyism'
SOUTH KOREA - Park Seung, the Bank of Korea governor, recently said that he offered Finance and Economy Minister Jeon Yun-churl his view on the appointment of a new member of the central bank's monetary policy committee.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 10 and 11 April, released 24 May.
Norges Bank's press conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Executive Board, 22 May.
Bank of England Working Papers
RESEARCH - Monetary policy and stagflation in the UK by Edward Nelson and Kalin Nikolov, Working Paper No 155, May 2002.
Select Committee on Treasury Fourth Report
REPORT - The Treasury Committee has agreed to the following Report: Appointment to the Monetary Policy Committee of the Bank of England of Ms Marian Bell and Mr Paul Tucker, 24 May.
Two new faces on the Bank of England's MPC
FEATURE - In the auspicious oak panelled surroundings of Committee Room 16 at the Houses of Parliament the newest recruits to the Bank of England's Monetary Policy Committee were put through their paces by the Treasury Select Committee on Wednesday…
MPC pay rise over inflation at Bank of England
UK - Members of the Bank of England's monetary policy committee saw their pay rise by more than inflation last year, thanks to the standard practice of uprating salaries in line with the government's inflation target. The Bank's annual report also casts…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 8 and 9 May, released 22 May.
Latent recovery fails to move Bank of Japan
JAPAN - The Bank of Japan announced a decision to leave monetary policy unchanged after a two-day Policy Board meeting which ended on Tuesday.
Bank of England hints at future rate rise
UK - May's decision by the Bank of England's Monetary Policy Committee (MPC) to leave interest rates unchanged at 4% was unanimous for the third month in a row, the latest minutes of the MPC's meeting have shown.
Bank of Japan Monetary Policy Meeting
PRESS RELEASE - At the Monetary Policy Meeting held today, 21 May, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period:
Latent recovery fails to move Bank of Japan
JAPAN - The Bank of Japan announced a decision to leave monetary policy unchanged after a two-day Policy Board meeting which ended on Tuesday.
Speech by Wim Duisenberg, ECB President, 16 May
SPEECH - Duisenberg said in a speech titled 'Challenges to the ECB's monetary policy' that he believes all the institutional preconditions for a stable currency and macroeconomic success are in place in Europe today.