Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 5 May 2011 to keep the key ECB interest rates unchanged following the 25-basis point increase on 7 April 2011. The information that has become available since then confi rms the assessment that an adjustment of the very accommodative monetary policy stance was warranted. The Governing Council continues to see upward pressure on overall infl ation, mainly owing to energy and commodity prices. While the monetary analysis indicates that the underlying pace of monetary expansion is still moderate, monetary liquidity remains ample and may facilitate the accommodation of price pressures.
Economia e Finanza
European Central Bank Monthly Bulletin
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 5 May 2011 to keep the key ECB interest rates unchanged following the 25-basis point increase on 7 April 2011. The information that has become available since then confi rms the assessment that an adjustment of the very accommodative monetary policy stance was warranted. The Governing Council continues to see upward pressure on overall infl ation, mainly owing to energy and commodity prices. While the monetary analysis indicates that the underlying pace of monetary expansion is still moderate, monetary liquidity remains ample and may facilitate the accommodation of price pressures.
Clinton's Remarks at the U.S.-Colombia High-Level Partnership Dialogue, May 2011
Secretary of State Hillary Clinton gave these remarks at the second U.S.-Colombia High-Level Partnership Dialogue meeting in Washington DC on May 31, 2011. Secretary Clinton and Colombian Foreign Minister Maria Angela Holguin also gave these joint remarks on the same day.
The Euro’s PIG-Headed Masters
Kenneth Rogoff is Professor of Economics and Public Policy at Harvard University, and was formerly chief economist at the IMF.
What’s next for Nigeria’s Banks ?
Exclusive interview with Mallam Lamido Aminu Sanusi, the Governor of the Central Bank of Nigeria
Ten Reasons Why China is Different
Stephen S. Roach, a member of the faculty at Yale University, is Non-Executive Chairman of Morgan Stanley Asia and author of The Next Asia.
The Corporatist Threat to the Arab Spring
Edmund Phelps, the 2006 Nobel laureate in economics, is the founding director of the Center on Capitalism and Society at Columbia University. This article first appeared in Le Monde.
Global “Imbalances” and the Crisis
In the 1920s, capital began flowing from Massachusetts to North Carolina, a process that continued until after World War II as textile mills migrated to the South from New England. Beginning in the 1950s capital moved again as textile manufacturing moved to Mexico, India and Malaysia. Capital has long moved to where it can be used most productively, and by and large, that has been a good thing.
The New Geopolitics of Food
From the Middle East to Madagascar, high prices are spawning land grabs and ousting dictators. Welcome to the 21st-century food wars.
Trichet Signals Pause in European Rate Rise
HELSINKI—European Central Bank President Jean-Claude Trichet signaled a temporary pause in the ECB's path toward higher interest rates, a sign of caution as officials confront mounting problems along Europe's periphery.
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