All central banks

Europe

Central Bank of Malta

Too few recent speeches for a current tone.
Speeches
25
First speech
Oct 5, 2001
Latest speech
Nov 30, 2007
Tone vs coming rate moves
Not tested
too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

The BIS does not publish a policy rate for this central bank, so only its tone is shown.

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
DateSpeechTone
Nov 30, 2007

Michael C Bonello

โˆ’0.05
Oct 1, 2007

Michael C Bonello

+0.01
Jun 13, 2007

Michael C Bonello

+0.02
May 10, 2007

Michael C Bonello

โˆ’0.00
Nov 17, 2006

Michael C Bonello

โˆ’0.02
Sep 29, 2006

Michael C Bonello

+0.30
May 4, 2006

Michael C Bonello

+0.06
Mar 2, 2006

Michael C Bonello

โˆ’0.08
Nov 10, 2005

Michael C Bonello

โˆ’0.01
May 6, 2005

Michael C Bonello

โˆ’0.14
Mar 26, 2005

Michael C Bonello

โˆ’0.08
Dec 9, 2004

Michael C Bonello

โˆ’0.15
Nov 23, 2004

Michael C Bonello

โˆ’0.20
Nov 11, 2004

Michael C Bonello

โˆ’0.08
Oct 15, 2004

Michael C Bonello

โˆ’0.05
Sep 13, 2004

Michael C Bonello

โˆ’0.09
May 21, 2004

Michael C Bonello

โˆ’0.13
Feb 21, 2004

Michael C Bonello

โˆ’0.10
Jun 9, 2003

Michael C Bonello

โˆ’0.06
Mar 27, 2003

Michael C Bonello

โˆ’0.03
Jan 16, 2003

Michael C Bonello

โˆ’0.02
Nov 16, 2002

Michael C Bonello

โˆ’0.03
Nov 7, 2002

Michael C Bonello

+0.10
Jul 8, 2002

Michael C Bonello

+0.02
Oct 5, 2001

Michael C Bonello

โˆ’0.11
Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.