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    by Published on May 24th, 2013 09:26 PM

    MINUTES OF THE MONETARY POLICY - COMMITTEE MEETING - 8 AND 9 MAY 2013

    These are the minutes of the Monetary Policy Committee meeting held on
    8 and 9 May 2013.

    They are also available on the Internet http://www.bankofengland.co.uk/publi...3/mpc1305.aspx

    The Bank of England Act 1998 gives the Bank of England operational responsibility for setting interest ...
    by Published on May 23rd, 2013 09:33 PM

    Statement on Monetary Policy

    1. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period:

    The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen.

    2. With regard to the asset purchases, the Bank will continue with the following guidelines:

    a) The Bank will purchase Japanese government bonds (JGBs) so that their amount
    outstanding will increase at an annual ...
    by Published on May 21st, 2013 08:49 PM

    Consumer Price Indices, April 2013



    • The Consumer Prices Index (CPI) grew by 2.4% in the year to April 2013, down from 2.8% in March.
    • By far the largest downward contribution came from transport costs (notably motor fuels and air fares).
    • The only notable upward contribution came from price movements for food & non-alcoholic beverages.
    • This is the first
    ...
    by Published on May 21st, 2013 08:38 PM

    Minutes of the Monetary Policy Meeting of the Reserve Bank Board


    Members Present

    Glenn Stevens (Chairman and Governor), Philip Lowe (Deputy Governor), Martin Parkinson PSM (Secretary to the Treasury), John Akehurst, Roger Corbett AO, John Edwards, Kathryn Fagg, Heather Ridout, Catherine Tanna

    Others Present

    Guy Debelle (Assistant Governor, Financial Markets), Christopher Kent (Assistant Governor, Economic), Jonathan Kearns (Head, Economic Analysis Department), Anthony ...
    by Published on May 17th, 2013 05:15 PM
    Article Preview

    Consumer Price Index, March 2013


    The Consumer Price Index (CPI) rose 1.0% in the 12 months to March, following a 1.2% increase in February.

    The slower increase in the CPI was mainly the result of gasoline prices, which fell 0.3% on a year-over-year basis in March, after rising 3.9% in February. Provincially, gasoline prices declined year over year in seven provinces.

    Excluding gasoline, the CPI increased 1.1% in the 12 months to March, matching the rise in February.

    Chart 1
    The 12-month change in the Consumer Price Index (CPI) and the CPI excluding gasoline



    Chart description: The 12-month change in the Consumer Price Index (CPI) and the CPI excluding gasoline

    CSV version of
    ...

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