Interest rates

ECB's Wellink says rates still 'very low'

European Central Bank council member Nout Wellink said in an interview published Monday 23 October interest rates in the euro region are ``very low'' and the speed of economic growth could risk fueling inflation.

BoE's Lomax does not see economic boom coming

Bank of England deputy governor Rachel Lomax said in an interview published Thursday 19 October that recent increases in UK house prices are not a sign that the UK is set for another boom in the economy.

ECB should not look far ahead on rates - IMF

IMF chief economist Raghuram Rajan warned the European Central Bank on Wednesday 18 October not to have a predetermined plan for further increases in eurozone rates but to base decisions on economic data.

ECB's Liebscher sees December rate hike

European Central Bank governing council member Klaus Liebscher told the FAZ newspaper on Wednesday 18 October that market expectations of a December interest rate increase are accurate, but said the ECB has no pre-determined view on rates for 2007.

Interview with Central Bank of Ireland's Hurley

Irish central bank governor John Hurley told the Financial Times in an interview published Wednesday 18 October that rising eurozone interest rates are starting to cool the booming Irish housing market, but economic growth in the country will remain…

Bank of England voted 7-2 to hold rates

The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.

PBOC's Wu comments on rates, use of reserves

The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.

Bank of Japan's Fukui not ruling out rate hike

Bank of Japan governor Toshihiko Fukui said Friday 13 October he is not ruling out a possible interest rate increase before the end of the year, noting that the Japanese economy is expected to continue its recovery led by solid domestic demand and brisk…

Payment systems, monetary policy in Europe

The first of two articles published by the Financial Times on Friday 6 October looks at the issue of central bank "plumbing" which, it says, is creating a stink for the ECB. The second article concerns a letter sent by a group of monetarist economists to…

Monetary and prudential policies at a crossroads?

The BIS Working Paper "Monetary and prudential policies at a crossroads? New challenges in the new century" argues that financial liberalisation has resulted in subtle but profound changes in the dynamics of the economy and in the challenges faced by…

St. Louis Fed's Poole on data dependence

In the speech 'Data dependence' given on 29 September William Poole of the Federal Reserve Bank of St. Louis said inflation must be kept under wraps, but if both growth and price pressures were sufficiently weak, he would back a reduction in U.S…

Fed's Hoenig says lags slowing rate impact

Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.

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