Monetary policy
Back From The Brink: The Greenspan Years
Journalist Steven Beckner, who has covered monetary policy since the beginning of the Greenspan years, has written a useful book that goes beyond the regular elliptical utterances of the Fed chairman. Reviewed by Kevin L. Kliesen, Economist, Federal…
Norges Bank leaves key lending rates unchanged
Norges Bank, the Norwegian central bank, left its key lending rates unchanged as expected at Wednesday's regular monetary policy meeting and maintained a neutral stance regarding future decisions.
Slovak cbank to lower reserve requirement in 2001
Some monetary policy instruments of the National Bank of Slovakia will undergo changes in the future, according to vice governor Elena Kohutikova.
US academic applauds S.Africa's monetary policy
A leading Harvard University academic endorsed the South African Reserve Bank's inflation targeting on Tuesday and said the country's monetary policy was in sound health.
RBZ To announce new monetary policy measures
The Reserve Bank of Zimbabwe governor, Leonard Tsumba, is expected to announce new monetary policy measures for the year 2001 by the end of this month, a central bank spokesman said this week.
Crisis mgmt hit by joining euro, UK Lords say
The government's ability to manage the economy in a crisis could be hamstrung if Britain joins the euro, a House of Lords committee warned today.
Problem with BOE inflation forecast, says Fed Kohn
The Bank of England's forecast round and quarterly Inflation Report don't present a clear picture to policymakers, markets or the wider public, Don Kohn, director of monetary affairs at the US Federal Reserve Board in Washington, said Wednesday.
OECD calls for 'greater clarity' from BOJ
While the future looks more positive for Japan, significant reforms including greater transparency from the Bank of Japan still need to be made, the Organisation for Economic Development and Cooperation said Wednesday in its annual economic survey of…
BOC warns of inflation risks, keeps rates on hold
The Bank of Canada pointed to inflation risks lurking in the economy, but left interest rates unchanged yesterday in the first of its regularly scheduled policy announcements.
Hungary publishes 2001 monetary policy guidelines
The National Bank of Hungary (MNB) agrees with the government on the necessity and method of changing the country's current exchange rate system, but so far no agreement has been reached on a timetable for the change, according to the MNB's monetary…
ECB publishes revision of Eurosystem instruments
The European Central Bank Tuesday said it has published its revision of Eurosystem monetary policy instruments and procedures.
BoE Allsopp - tighter fiscal stance needed
The British government should tighten its tax and spending plans if it wants lower interest rates, Bank of England rate-setter Christopher Allsopp said in a book published Monday.
Oil, minimum wage hike led to Brazilian rate hold
Despite a slowdown in inflation in recent months, concerns about the impact of a hike in the minimum salary and volatile oil prices led Brazil's central bank to keep its key interbank interest rate steady, according to minutes of last week's monetary…
BOJ decides to leave monetary policy unchanged
The Bank of Japan decided at a top policy-making meeting Thursday to leave its monetary policy unchanged until the next session slated for 15 December.
Hungary's lower reserve rate seen positive
The National Bank of Hungary said it would cut its effective mandatory reserve rate to 7% from 11% as of 1 February. Analysts said that this would improve the competitiveness of the banking sector, boost growth and stimulate investment.
Bank of Israel cuts key rate 0.2% for December
The Bank of Israel said on Monday it would reduce its key lending rate by 0.2% point to 8.2% effective December 1, the eleventh rate cut in a year.
Polish MPC hits at budget, rate outlook unclear
Poland's monetary policy council raised doubts on Monday about its readiness to cut interest rates next year, when it said the government's plan for cutting the budget deficit relied on "unrealistic" targets.
Svein Gjedrem: Norwegian monetary policy
At a conference held in Copenhagen on 17 November 2000, Mr Svein Gjedrem, governor of the Norges Bank, gives a speech on Norwegian monetary policy. Mr Svein Gjedrem discusses the relationship between the special structure of the Norwegian economy and…
Bank of Canada releases monetary policy report
The Bank of Canada today released its twelfth semi-annual monetary policy report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.