Monetary Policy
Minneapolis Fed president calls on Fed to ‘re-tool’ labour market analysis
Wages are a better means of estimating labour market slack, Kashkari says
Zhou on four key decisions that forged the modern-day PBoC
Former People’s Bank of China governor Zhou Xiaochuan shares his perspectives about four critical moments in China’s economic reform agenda
BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets
San Francisco Fed researcher seeks to improve Phillips curve
Introducing an “interaction variable” can increase predictive performance, researcher says
Fed should consider yield curve targeting – Brainard
NY Fed research outlines how US central bank could target longer-run interest rates
Norges Bank governor says new hike rate ‘likely’ in June
Norwegian central bank holds rates, but Olsen says balance of risks means further hike is likely
Turkish central bank tightens monetary policy by the back door
Central bank tries to prevent currency falling amid political pressure not to raise policy rates
Philippines central bank cuts rates as Q1 GDP growth falls
Second country in Southeast Asia to ease monetary conditions after Malaysia
Haldane outlines vision of locally-modelled economies
BoE chief economist backs Raghuram Rajan’s idea of a revival of communities
RBNZ cuts rates to new low on ‘subdued’ outlook
Central bank opts to cut the policy rate despite being broadly on target, citing “headwinds”
Rwanda slashes rates to record low of 5%
Governor predicts steady growth for the country
Macro-prudential and monetary policy work well together – ECB paper
Monetary policy can be used to cushion shocks caused by counter-cyclical buffers, researchers find
Williams favours average inflation targeting in new research
New York Fed president analyses three groups of inflation-targeting regimes
Malaysia cuts rates as inflation and PMIs slide
South-east Asian country’s inflation has been lower than 1% for several months, while PMI remains in contraction
Mester not yet convinced on alternative monetary policy frameworks
Enhancing Fed communication is an “essential component”, Cleveland Fed chief says
China cuts reserve requirements for small banks
PBoC cuts RRR for local banks; premier Li Keqiang had urged policy-makers to reduce funding costs for small businesses
US macroeconomic data backs up Fed’s ‘patient’ approach
Lower core inflation is expected to only be temporary, Powell says
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
BoE says Brexit is creating economy of two halves
Policy-makers strike hawkish note, but Carney says households and businesses are divided