Monetary policy
Interview - Toshihiko Fukui, former dep gov of BoJ
INTERVIEW - The Bank of Japan will maintain a bias toward easing monetary policy to avert any concerns of tightening liquidity in financial markets and promote expectations of a stable financial environment, a front-runner in the race to be the next BOJ…
Issing on monetary policy in world of uncertainty
SPEECH - In the speech 'Issing on monetary policy in a world of uncertainty' Otmar Issing of the ECB said that central bankers have to make decisions in a world of uncertainty. But, while the academic profession has made tremendous progress in analysing…
Russian Duma approves monetary policy guidelines
The State Duma, Russia's lower house of parliament, approved the 2003 monetary policy guidelines at its plenary session on Wednesday.
Nickell on the picture of european unemployment
SPEECH - In the speech 'A Picture of European Unemployment: Success and Failure' Stephen Nickell of the Bank of England said that although average unemployment in Europe is relatively high compared to OECD countries outside Europe, very high unemployment…
Bernankeian Economics
ARTICLE - This article looks at Fed Governor Ben Bernanke's recent speech "Deflation: Making Sure "It" Doesn't Happen Here" and says it is one of most important speeches on Federal Reserve and monetary policy in the past fifteen years. The article…
BoE's Bell - UK house prices may pose problems
Bank of England Monetary Policy Committee member, Marian Bell cautioned on Monday that rising house prices may be a problem for interest rate policy for some time yet but said the MPC can not address sectoral differences without jeopardising the…
Trichet on monetary policy in 2003
SPEECH - In the speech 'Monetary policy in 2003' Jean-Claude Trichet of the Bank of France said it seems that the contribution of European countries to the economic prosperity of Europe at large might be sometimes underestimated, but the relative…
ECB Press Release
PRESS RELEASE - Monetary policy decisions, 5 December.
Monitoring the European Central Bank - Update
RESEARCH - Surviving the Slowdown, Monitoring the European Central Bank Update No. 4, December 2002, authors include David Begg and Paul De Grauwe. MECB 4 describes the challenge for monetary policy and assesses the ECB response. Interest rates fell much…
Central Bank of Brazil COPOM Minutes
MINUTES - The Banco Central Do Brasil has published the minutes of the 78th meeting of the Monetary Policy Committee (COPOM), 19 and 20 November. The Committee decided unanimously to increase the Selic rate to 22% in light of increased inflation…
Gjedrem on monetary policy in an open economy
SPEECH - In the speech 'Monetary policy in an open economy' Svein Gjedrem of Norges Bank said it is a challenge to stabilise developments in the Norwegian economy when it is so closely integrated in the world economy but the economic system in Norway has…
Egypt central bank plays active money market role
A new general monetary policy will be applied to push forward the national economy, the Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Eiyoun said Wednesday.
Rand near year highs ahead of rate news
South Africa's rand hovered near 13-month highs against the dollar as investors waited for the outcome of the central bank's quarterly monetary policy meeting.
Egypt central bank sets new monetary policy plan
Egypt's central bank governor has announced details of instruments that would be introduced under a new monetary policy which would encourage greater transparency in the market. Earlier in October we reported that Egyptian President Hosni Mubarak was set…
Biography - Mervyn Allister King
Mervyn King is the Deputy Governor of the Bank of England responsible for monetary policy, and a member of the Monetary Policy Committee.
Law on Yugoslav National Bank dismissed
Yugoslav Parliament Chamber of Citizens on Wednesday dismissed the Yugoslav National Bank Bill which regulates the issue of prices, monetary policy and bank control.
Poland sees risk of delaying EMU entry
A member of the Monetary Policy Council (RPP) of the central bank, Boguslaw Grabowski, sees a risk of delay in Poland's accession to the euro zone because of possible problems in reducing the budget deficit.
Moskow expects US to hit growth potential in 2003
Michael Moskow has followed up Robert McTeer's comments we reported yesterday, saying the central bank's accommodative monetary policy will help US economic growth recover to full speed by next year. He is just the latest in a line of Federal Reserve…
George says public spending will prop up growth
Speaking on Tuesday the Bank of England's governor, Sir Edward George said public spending will underpin UK economic growth once consumer demand starts to wane, but any "substantial and generalised" public sector pay rises will push up inflation. He gave…
RBNZ Monetary Policy Statement
REPORT - The Reserve Bank of New Zealand has published its Monetary Policy Statement (MPS) for November 2002. The RBNZ said in the report that unlike most trading partners, the New Zealand economy performed well in 2002. Activity has continued to benefit…
Bollard on the evolution of monetary policy
SPEECH - In the speech 'The evolution of monetary policy' Alan Bollard of the Reserve Bank of New Zealand spoke of himself 'as a new central bank governor' and said the new Policy Targets Agreement will offer more flexibility, but this flexibility needs…
Bergo on monetary policy and economic cycles
SPEECH - In the speech 'Oil revenues, monetary policy and economic cycles' Jarle Bergo of Norges Bank said GDP growth is likely to pick up but will remain below the growth potential next year and that the interest rate increase in July has resulted in…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 10 and 11 October 2002, released 22 November. The nine member Policy Board decided unanimously to leave monetary policy unchanged at the meeting, resisting political pressure to try to…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 20 November for the meeting of 6 and 7 November 2002. The nine MPC members voted on a proposal to maintain the repo rate at 4.0%. Seven voted in favour of this with…