- The two Italian « anti » parties make progress towards forming a coalition government together. The Northern League and the Five Star Movement issued their first ever joint statement, and asked the Italian president to give them until Monday to come up with a plan.
Bank of England delays raising interest rates
The Bank of England (BoE)’s Monetary Policy Committee yesterday decided to hold interest rates at 0.5 percent, as it stressed that the UK economy has hit a “temporary soft patch”. The BoE has also revised its forecast for the UK’s economic growth from 1.8 percent in February to 1.4 percent.
Macron, stigmatise durement les fétiches allemands des surplus budgétaires et commerciaux.
“Germany can’t have a perpetual fetish about budget and trade surpluses, because they come at the expense of others… I very much hope that the [German] Chancellor [Angela Merkel] and her government live up to their responsibilities at this historic moment.
Lecture by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, at the Centre for European Economic Research, Mannheim, 2 May 2018.
« In my speech today, I would like to discuss the significance of communication as an instrument of monetary policy in greater detail and provide some insight into what makes good central bank communication and how important good central bank communication is for the success of monetary policy. »
| 9 page