Interest rates

World Bank sees China economy slowing

The World Bank said on Tuesday 15 August that China's economy is likely to slow slightly over the rest of the year and Beijing will probably wait to see the impact of current tightening steps before deciding if more are needed.

Is King readying his pen reluctantly or eagerly?

The UK press has jumped on the admission by Mervyn King that he might soon have to write a letter to the chancellor if inflation climbs above the 3% limit, but such a letter would not be the admission of failure that many imply.

Thailand to keep rates steady

The Bank of Thailand will probably keep its benchmark interest rate on hold for the rest of the year after borrowing costs quadrupled since August 2004, the central bank governor told Bloomberg in an interview on Monday 7 August.

Li Yang says China shouldn't follow US

China should not follow in the footsteps of the United States by starting a cycle of interest rate rises, former central bank adviser Li Yang said in an article published on Monday 7 August.

Comment: BoE brightens silly season slumber

The Bank of England surprised practically everyone on 3 August by raising rates by 25 basis points. The Bank's next Inflation Report, to be released on 9 August, and the minutes from the August meeting will make intriguing reading. The move will also the…

The Old Lady can afford to be patient

According to this article by the Financial Times, published on Wednesday 2 August, there is a big difference between the predictability of the ECB's plans on Thursday, and the uncertainty surrounding the Bank of England's decision the same day.

SF's Yellen on prospects for the U.S. economy

In the speech 'Prospects for the U.S. economy' given on 31 July Janet Yellen of the Federal Reserve Bank of San Francisco said the current federal funds rate is "in a vicinity" of the right level even though news on inflation has been "disappointing."

Comment: Has Trichet's gambit paid off?

The ECB heads into this week's monetary policy meeting with markets fully expecting a 25 basis point hike. Has the decision to have an unscheduled meeting, which effectively pre-announced the decision, changed the prospects for the course of eurozone…

Kohn says Fed policy lags may be shorter

The communication of interest-rate moves during the Fed's latest tightening campaign may mean their impact on the economy will be felt more quickly than otherwise, a top Fed official said in a letter released on Friday 28 July.

RBNZ leaves OCR unchanged at 7.25 per cent

The Reserve Bank of New Zealand announced Thursday 27 July that the Official Cash Rate (OCR) will remain unchanged at 7.25 per cent. Reserve bank governor Alan Bollard said: "Recent economic developments have been broadly in line with our June Monetary…

Japan - Effects of the quantitative easing policy

The Bank of Japan Working Paper "Effects of the quantitative easing policy: A survey of empirical analyses" surveys the empirical analyses that examine the effects of the Bank of Japan (BOJ)'s quantitative easing policy (QEP).

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