Broad money growth has slowed somewhat in the four major advanced economies in recent months. However, bank lending to the private sector, which is a better guide to economic prospects, has generally...

The recent declines in global equity prices may negatively affect household consumption via confidence and wealth effects, but any impact should not be huge. It would probably take further sharp falls...

In principle, cutting policy rates into negative territory should boost growth and inflation. But central banks have not communicated these benefits clearly, and the hesitant way in which they have...

Recent financial market turmoil has prompted speculation that G20 finance ministers and central bank governors will discuss the merits of closer exchange rate coordination at their gathering in...