Interest rates
Norges Bank Press Release
PRESS RELEASE - Norges Bank increases interest rates, 3 July.
Interview with Professor JK Galbraith
INTERVIEW - The UK's Independent newspaper published an interview with the 93 year old economist John Kenneth Galbraith on Monday. In the interview Galbraith describes the belief that central bank's can control the economy simply by tweaking interest…
RB of New Zealand criticised by finance minister
NEW ZEALAND - The Reserve Bank of New Zealand's management of monetary policy came under attack from the country's finance minister Michael Cullen today when he alleged that it was failing to interpret the bank's written policy agreement with the…
Brazil's central bank pays to keep money at home
BRAZIL - Brazil's central bank, seeking to stem an outflow of money from the country, offered banks the ability to swap local currency interest rates for dollar-linked yields.
US economy - Explaining outlook is Fed's challenge
FEATURE - Federal Reserve officials meet Tuesday and Wednesday to accomplish two tasks: to set the course of interest rates and outline a view on the U.S. economy.
Parry said Fed can be "deliberative" over rates
USA - San Francisco Federal Reserve President Robert Parry said that doubt over how long the current "modest expansion" would last leaves the Federal Reserve room to be "deliberative" over hiking interest rates.
ECB survey on bond markets and interest rates
SURVEY - The ECB has published a survey which provides an overview of the capital market structures of the EU accession countries, in particular in relation to the bond markets and interest rates.
ECB raises inflation forecast
GERMANY - The European Central Bank on Thursday raised its projection for inflation this year, underlining pessimism about prices that suggests the bank may raise interest rates later this year.
ECB keeps rate rise on hold as expected
GERMANY - The European Central Bank on Thursday left interest rates unchanged as expected since euro zone recovery remains limp as well as the euro's rally helping to stifle inflation. The ECB's key refinancing rate remains at 3.25 percent, unchanged…
Bank of England leaves rate unchanged at 4%
UK - The Bank of England's Monetary Policy Committee has left its key lending rate unchanged at four percent for the seventh month running as it awaits concrete signs that the economy has shaken off its downturn.
Bank of England maintains interest rates at 4.0%
PRESS RELEASE - The Bank of England's Monetary Policy Committee today voted to maintain the Bank's repo rate at 4.0%. The minutes of the meeting will be published at 9.30am on Wednesday 19 June.
ECB monetary policy decision, 6 June
PRESS RELEASE - The ECB made its decision on monetary policy on 6 June, leaving rates unchanged.
Bank of Canada raises rates by 1/4%
CANADA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2…
Statement by Ian Macfarlane of the RBA, 5 June
PRESS RELEASE - Statement by Ian Macfarlane, Governor of the Reserve Bank of Australia, on monetary policy: "Following a decision taken by the Board at its meeting yesterday, the Bank will be acting in the money market this morning to increase the cash…
RB of Australia raises benchmark rate to 4.75%
AUSTRALIA - The Reserve Bank of Australia raised its benchmark interest rate for the second time in a month by a quarter percentage point to 4.75%. It is hoped this will put a damper on a housing boom and consumer spending that may fuel inflation.
Australian interest rates 'to soar'
AUSTRALIA - Interest rates may have to rise by two percentage points in Australia to cut the risk of overheating, the country's central bank chief has warned.
Risks await in raising interest rates
FEATURE - If central bankers are 100 per cent sure that interest rates need to start rising, it is probably too late reports Tuesday's Financial Times.
Norges Bank press release
PRESS RELEASE - Norges Bank keeps interest rates unchanged, 22 May.
The effect of US interest rates on Hong Kong
RESEARCH - Hong Kong Monetary Authority has released a report on 'Macroeconomic Implications of US Interest Rates for Hong Kong'.
Bank of England hints at future rate rise
UK - May's decision by the Bank of England's Monetary Policy Committee (MPC) to leave interest rates unchanged at 4% was unanimous for the third month in a row, the latest minutes of the MPC's meeting have shown.
Europeans aim for joint rate rises
UK - Europe's central banks are set to raise interest rates simultaneously on 6 June, say leading economists. The Bank of England, the European Central Bank and the Swedish Riksbank are likely to hike rates at their respective policy-making meetings in…
Outgoing MPC member criticises B of E rates record
UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 May.
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.