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Monetary policy

UK interest rates kept on hold

UK - The Bank of England's monetary policy committee on Thursday voted to leave interest rates unchanged at 4 per cent, in a decision which underlined the fragility of the UK economic recovery.

BSP and BoT to cooperate on monetary policy

PHILIPPINES - The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) and the Bank of Thailand (BOT) have agreed to increase the amount of technical cooperation on monetary policy and banking supervision, BSP governor Rafael B…

Speech by J.C. Trichet of Banque de France, 23 Apr

SPEECH - Trichet said in a speech titled 'Asset Price Bubbles and their Implications for Monetary Policy and Financial Stability' that asset price developments are a serious cause of concern for central banks since they may impinge upon both price and…

Brash walks into storm over interest rates

NEW ZEALAND - It did not take the New Zealand opposition's latest recruit - former New Zealand Reserve Bank governor Don Brash - long to learn that the rough and tumble of politics is a different world from the rarefied atmosphere of monetary policy…

ECB Press Release

PRESS RELEASE - Publication of 'The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures', 26 April.

BOK union criticises gov't MPC meddling

SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.

Speech by Kazuo Ueda of the Bank of Japan, 24 Apr

SPEECH - In a speech titled 'Structural Problems and the Effectiveness of Monetary Policy' Ueda said that Japan was still suffering from mild deflation, and that domestic economic activity remained dormant. "Domestic demand remains weak in contrast to…

Speech by Dr Wellink, Nederlandsche Bank, 13 Mar

SPEECH - In the speech titled 'EU expansion and EMU' Wellink said that European interests are Dutch interests and warns against premature changeover to the euro of new Member States into the Union. "The surrender of exchange rate flexibility and the euro…

Speech by K Persson of Sveriges Riksbank, 17 Apr

SPEECH - In the speech titled 'Monetary policy and competition' Persson said growth in demand in Sweden and abroad seems to be recovering, suggesting the Riksbank was not worried that the economy might stall. "Growth in demand now appears to be on the…

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