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Canada's Duguay raises chances of liquidity shift
Fresh suspicions that the Bank of Canada may alter its liquidity provisions by lending for longer periods arose on Tuesday after a speech by Pierre Duguay, a deputy governor of the central bank.
Markets certain on rate cut despite Fed's stance
In spite of repeated claims by Federal Open Market Committee (FOMC) members that the risks between inflation and growth are now balanced, interest rate futures traders believed on Wednesday that a December cut is more likely than ever.
What we learn from the Fed's projections
As we look at the first of the Federal Reserve's enhanced economic projections, it is important to understand what they are and what they are not, says Stephen Cecchetti, the Rosenberg Professor of Global Finance at Brandeis International Business School.
Asia-Pacific economies getting closer
The interdependence of Asia-Pacific economies has increased since the turn of the millennium, research published by the Bank of Japan finds.
Canada virtually unscathed by credit crisis
Canada, has, so far, come through the recent bout of market turmoil reasonably well, says Pierre Duguay, the deputy governor of the Bank of Canada.
Central Bank of Samoa - Annual Report 2005/ 06
Real domestic product grew by 4% over the period from July 2005 to the end of June 2006.
BlackRock to manage superfund
BlackRock, an asset manager, is expected to look after the planned $75 billion structured products superfund, set up to ease money market illiquidity.
Norway's oil fund makes a loss in third quarter
The market value of Norway's sovereign wealth fund fell in the third quarter, hit by the global financial turmoil and appreciation of the krone. However, the value of the fund passed Nkr2 trillion ($369 billion) for the first time in October.
Zimbabwe set for new currency
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, said on Wednesday that the issue of a new currency was imminent, after announcing just over a fortnight ago that it would be delayed until 2008.
Koruna's rise presents mixed blessing
Ludek Niedermayer, a vice governor of the Czech National Bank, parried calls for the central bank to act on the appreciation of the koruna and said that the increase in the currency's value made euro accession more favourable.
UK's Gieve surprises with rate cut vote
Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, was one of two dissenters who voted for a rate cut at the monetary policy committee's November meeting, minutes published on Wednesday reveal.
Fed releases first revamped economic projections
The Federal Reserve on Tuesday published the first of its revised economic forecasts as part of the minutes of the 31 October rate-setting meeting.
Taylor inertia conundrum solved?
Inertia in the Taylor rules on interest rates could be down to inertia in the economy itself, argues research published by the Centre for Economic Policy Research.
Subprime limited Japanese monetary expansion
The Bank of Japan could have hiked rates if the United States subprime market had not crashed, said Yasuhisa Shiozaki, the chief cabinet secretary under Shinzo Abe, the former prime minister who resigned in September.
Dollar fall hampering Chinese reserve management
Wen Jiabao, China's premier, said on Monday that the fall in the value of the greenback was making it difficult to manage the country's reserves.
Further fall in Northern Rock shares
Northern Rock shares dropped further on Tuesday from 104p ($2.14) to 95p at the close after losing almost a fifth of their value on Monday. The drop follows comments by the British chancellor and rumours that one of the bids tabled for the troubled…
UK regulator sticks to stance despite Rock run
Britain's head regulator defended the Financial Services Authority's (FSA) principles-based approach, saying that it offers the "best chance" of balancing "the benefits and risks of innovation."
A troubling lesson of Northern Rock
The Northern Rock crisis has revealed a fundamental change in the nature of bank runs, says Robert Pringle, the editor of Central Banking journal.
The trip to transparency
The Fed's decision to increase the frequency and volume of its economic projections is another welcome step towards transparency under Ben Bernanke's stewardship. But it still has a way to go before catching up to the other major central banks, says…
Sweden on course to hit 2% target - Ingves
Swedish inflation should be in line with the Riksbank's 2% target in two years time, says Stefan Ingves, the governor of the central bank.
Simple rate rules deemed most effective
Simple interest rate rules which include a response to money growth outperform both Taylor-type rules and speed limit policies once real-time output gap uncertainty is accounted for, research published by the Bundesbank finds.
National Bank of Ethiopia - Annual Report 2005/ 06
The Ethiopian economy grew by an impressive 9.6% in the 2005/ 06 financial year.
Mervyn King and Northern Rock
The question of Mervyn King's reappointment as governor of the Bank of England has become inextricably linked to the saga of Northern Rock, says Robert Pringle, the editor of Central Banking journal.