Inflation targeting
Is a price or inflation target best for stability?
A paper looking at the costs and benefits of price-level and inflation targeting as tools for stabilisation policy has been published by the Bank of Canada.
Riksbank deputy notes lessons of last 40 years
Lars Svensson, a recently-appointed deputy governor at Sweden's Riksbank, offered a "selective, eclectic, and possibly controversial" collection of lessons learned about monetary policy since 1967.
South African Reserve Bank raises rates by 0.5%
The South African Reserve Bank has hiked rates to 10% to combat rising inflation.
New Zealand central bank defends policy framework
The Reserve Bank of New Zealand has published its submission to the government's inquiry into the future monetary policy framework.
Calls for New Zealand to drop inflation target
The New Zealand stock exchange operator, New Zealand Exchange (NZX), has called for on the country's central bank to abandon its strict inflation target. Michael Cullen, the finance minister, called the suggestion "very interesting and very well…
Mboweni dismisses calls for intervention
The governor of the South African Reserve Bank, Tito Mboweni, dismissed the suggestion of a group a renowned economic advisors to the government.
Bank of England leaves rates unchanged
The Bank of England today announced that it would leave its benchmark interest rate at 5.75%. The decision to hold rates steady was widely expected, though most economists expect rates to rise to 6% before the end of this year.
Chile announces first rate rise in a year
The Central Bank of Chile raised interest rates for the first time in a year and hinted that there was more to come. In a widely anticipated move, the central bank's five-strong board raised rates 25 basis points to 5.25%.
Bank of Canada raises raises rates to 4.5%
The Bank of Canada has raised interest rates by 25 basis points despite its currency's recent appreciation again the US dollar which has taken it to its strongest level in 30 years against the greenback. The Bank of Canada said economic growth and…
Czech rates on hold, hikes to follow
The Czech central bank voted 4-1 to keep interest rates on hold at 2.75% on 28 June during its monthly policy meeting. Central bank chief Zdenek Tuma said there was every reason to increase borrowing costs, but that it had not been vital that the central…
Albanian rates up by 0.25%
Albania's central bank raised interest rates by 25 basis points to 5.75% on 28 June. The central bank's governor, Adrian Fullani, said the risk of inflation had grown stronger lately, prompting the central bank's board of directors to act.
Rates on hold in Chile
Chile's central bank held its overnight lending rate unchanged for a fifth month in a row, but suggested that higher interest rates may be necessary later this year as inflation accelerates.
IMF backs inflation targets for Armenia, Georgia
A new paper from the IMF makes a case for a gradual transition to full-fledged inflation targeting in both Armenia and Georgia in the medium term.
IMF: Turkish CB independence essential for IT
The independence of Turkey's central bank is essential for the success of inflation targeting, the IMF said in its 2007 article 4 report.
The importance of monetary aggregates
This ECB working paper presents a strong argument in favour of using monetary aggregates as an analytical tool for predicting future inflation.
Monetary policy and the labour market
This speech Irma Rosenburg, first deputy governor of the Swedish Riksbank, explores the relationship between monetary policy and the labour market.
Riksbank board divided on rate hold decision
The Swedish Riksbank's monetary policy meeting was divided in its recent decision to leave the rate unchanged, according to reports.
Sri Lanka's new governor takes on inflation
Nick Carver spoke with the Ajith Nivard Cabral, governor of the Central Bank of Sri Lanka
Inflation targeting: a user's guide
A new paper from the IMF spells out what is required to target inflation writes Narayan Lakshman of Central Banking
Three future risks
So far so great says Stephen King. What of the next decade?
Reflections and comparisons
Christian de Boissieu scrutinises the Bank's record
Interview: Ajith Nivard Cabraal
In an exclusive interview, the governor of the Central Bank of Sri Lanka discusses recent developments in monetary policy and the possible introduction of inflation targeting
Demonstrating the virtues of self-restraint
The UK economy and Bank have benefited from its narrow focus, says Adam Posen