Daily Archives: November 18, 2011

Claire Jones

Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe

FOMC minutes

The Federal Open Market Committee on Tuesday releases the minutes of its policy meeting held earlier this month. The minutes are out at 14.00 local time (19.00 GMT).

This from the FT’s US economics editor Robin Harding on what they’ll cover: 

Claire Jones

Walter Bagehot. Image by Getty.

Walter Bagehot. Image by Getty.

Walter Bagehot would be turning in his grave.

A  research note published by the Bank of Canada on Thursday has dared to challenge the 19th Century economist’s rule that monetary authorities should lend only at a penalty rate against good collateral in times of a liquidity squeeze.

Instead, the Bank of Canada suggests that it would perhaps be wiser for the rate charged to be cut, by lowering the haircuts set on collateral exchanged for central bank cash on signs of liquidity shortages.