Following a 25-basis-point rate reduction in May this year as inflation fizzles out, the BSP opted to 'pause' the cycle and retain its monetary settings unchanged in their latest meeting in June.
'This 'pause' allows us in BSP to assess the potential impact of previous monetary policy adjustments, including the phased reserve requirement reduction for banks and non-bank financial institutions,' Diokno said.
For more information on the Executive Board's considerations over the number of monetary
policy meetings, see the basis for the decision.
The authors in this volume focus on four major issues: (1) the case for a rules-based international monetary system, (2) normalizing monetary policy, (3) die future of currency, and (4) the future of China in the global monetary system.
In this time of great uncertainty, it is reassuring that dedicated scholars are providing the intellectual basis for improving monetary institutions that will help avoid future crises.
Val and I knew each other even before our appointment but it was in our working together at the Monetary
Board where my respect and admiration for him grew deeper.
Adopting an almost exclusively theoretical point of view, Salin guides his readers in textbook-like fashion through the intricate core propositions of international monetary
Focusing on asset prices, the Federal Reserve Board's John Rogers explored the relationship between unconventional monetary
policies and risk premiums.
No doubt, secondary markets are influenced by various economic, social and psychological dimensions irrespective of economic setups but monetary
policy is an active player in this realm .
It aims to increase the monetary
base at an annual pace of about JPY 60-70 trillion (USD 550-640 billion), hoping the measure will help firms expand business operations.
The changing role of monetary
policy as a stabilizing tool has been under discussion in literature for a long time.
Al-Saleh said that the GCC monetary
union project should be implemented without delay.
This study contributes to the growing body of literature on the relationship between monetary
policy and stock returns in several ways.
The country's monetary
base at the end of September stood at 185.56 trillion yen, the highest level ever, the BOJ said.
It is our objective in this paper to shed new empirical light on this murky relationship between monetary
policy and long-term interest rates.