Monetary policy

Polish PM - Govt won't curb c bank independence

POLAND - Polish Prime Minister Leszek Miller pledged Thursday 25 October in his maiden policy address to parliament that his new government will take no steps to curb the independence of the central bank and its rate-setting Monetary Policy Council, or…

Thai central bank set to streamline four units

THAILAND - The Bank of Thailand is restructuring its four organisational units: the financial institutions policy group, monetary policy group, fund operations (Financial Institutions Development Fund) and the office of the governor.

BOK to pursue flexible monetary policy

SOUTH KOREA - The Bank of Korea (BOK) will manage its monetary policy in a flexible manner, paying attention to its effect on the real economy, BOK governor Chon Chol-hwan said Thursday in a speech.

Fourth Bank member alludes to rate cut

UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.

Heikensten - Policy could move in either direction

SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…

Rate cut row mars summit

GERMANY - The European Union has called for the European Central Bank (ECB) to take "further decisive action" in easing monetary policy in order to boost the eurozone's economy.

BOE Oct minutes: MPC voted 8-1 to cut repo rate

UK - The Bank of England's Monetary Policy Committee voted 8-1 to cut the repo rate by a quarter percentage point to 4.5% in October, just weeks after it had cut rates by an equal amount in a 7-2 vote, according to minutes of those meetings released…

Japan's policy board keep monetary policy same

JAPAN - The Bank of Japan's policy board voted Friday 12 October to keep monetary policy unchanged, brushing aside mounting domestic and international pressure for the BOJ to flood the banking system with more cash to help support the sagging economy.

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