The week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe
ECB cut likely
Next week’s two key events are the Bank of England’s and the European Central Bank’s monetary policy votes. Expect both central banks to act. Read more
QE forever
Quantitative easing is here to stay. At least if three economists at the Riksbank have anything to do it.
The Riksbank economists argue in a fascinating paper published at the end of last week that — far from being the sort of policy measure undertaken only in extreme circumstances — buying bonds should become commonplace for central banks.
Given what we’ve seen in the past few years, the Riksbank’s research makes some sense. Read more
The week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe
BoE minutes
The minutes of the Monetary Policy Committee’s April meeting are out on Wednesday at 9.30am (8.30am GMT). Read more
The week ahead in central banking
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
The Bank of England’s Inflation Report is out on Wednesday, and with it the Monetary Policy Committee’s eagerly awaited forecast for inflation. Read more
Q&A: The Fed’s interest rate forecasts
Money Supply will be running a series of Q&As on some of the more arcane but newsworthy aspects of central banking. Any suggestions for Q&As from our readers are of course welcome.
So the Federal Reserve on Wednesday will publish forecasts which will show us how long it plans to keep rates at more-or-less zero. Hasn’t it done that already?
Sort of. The voting members of the Federal Open Market Committee, which is responsible for setting interest rates, have already committed to keep rates at their current record lows until at least the middle of next year.
The move to produce interest rate forecasts however is a slightly different, slightly bolder step. Read more
Mr Nyberg’s parting shot
Lars Nyberg, deputy governor of Sweden’s Riksbank up until the turn of the year, has decried an IMF-led eurozone bail-out as absurd and lambasted the call for private sector involvement in the Greek debt crisis as having done irreparable harm.
The European Central Bank wouldn’t object – it too hasn’t liked either idea. But Frankfurt will be less pleased at Mr Nyberg’s calls to step into the breach. Read more
Monetary policy’s Catch 22
Because monetary policy acts with a lag, it has to rely on forecasts.
However, as the Bank of England’s attempts at prediction have illustrated, central banks’ forecasts, and indeed those of most economists, tend to be pretty dire.
This is what Svante Öberg, first deputy governor of Sweden’s Riksbank, refers to in a speech out today as the “Catch-22 of monetary policy.” So what’s a central banker to do? Read more
The week ahead in central banking
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 Read more
The week ahead in central banking
Our week ahead email will help you to track the most important events in the central banking world. To see all of our emails and alerts visit www.ft.com/nbe
The Federal Open Market Committee’s minutes are out on Wednesday for its late September meeting, where the majority backed Operation Twist, at 14.00 DC time (18:00 GMT). Read more
The week ahead in central banking
Our week ahead email will help you to track the most important events in the central banking world. To see all of our emails and alerts visit www.ft.com/nbe
The majority of the world’s central bank governors and finance ministers are in Washington, DC this weekend for the IMF/ World Bank Annual Meetings.
Will there be any more policy coordination following the G-20 communiqué released late Thursday? Read more
| About this blog | Blog guide |
Chris Giles has been the economics editor of the Financial Times since 2004. Based in London, he writes about international economic trends and the British economy. Before reporting economics for the Financial Times, he wrote editorials for the paper, reported for the BBC, worked as a regulator of the broadcasting industry and undertook research for the Institute for Fiscal Studies. RSS
Michael Steen, Frankfurt bureau chief, covers the ECB and the eurozone's economies. He joined the Financial Times in 2007 as Amsterdam correspondent and later worked as a front page news editor in London. Before joining the FT, he spent nine years as a correspondent at Reuters, mostly in foreign postings that included a previous stint in Frankfurt, as well as Moscow, Kiev and central Asia. He read German and Russian at Cambridge.RSS
Robin Harding is the FT's US economics editor, based in Washington. Prior to this, he was based in Tokyo, covering the Bank of Japan and Japan's technology sector, and in London as an economics leader writer. Robin studied economics at Cambridge and has a masters in economics from Hitotsubashi University, where he was a Monbusho scholar. Before joining the FT, Robin worked in asset management and banking. RSS
Ralph Atkins, capital markets editor, has been writing for the Financial Times for more than 20 years following an economics degree from Cambridge. From 2004 to 2012, Ralph was Frankfurt bureau chief, watching the European Central Bank and eurozone economies. He has also worked in Bonn, Berlin, Jerusalem and Brussels. RSS
Claire Jones is Money Supply economics team writer, based in London. Before joining the Financial Times, she was the editor of the Central Banking journal and CentralBanking.com. Claire studied philosophy and economics at the London School of Economics. RSS
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