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SF Fed's Yellen sees risks to global growth
Federal Reserve Bank of San Francisco president Janet Yellen said on Saturday 28 April risks to the global economy maintaining "exceptionally strong" growth include a slowing US economy and unbalanced trade flows.
Trichet backing ECB against meddling
Jean-Claude Trichet of the European Central Bank rejected French presidential candidates' criticism of the eurozone central bank, insisting in an article published Sunday 29 April that the majority of French citizens support the bank's actions.
France's Sarkozy redesigns BoE decision making
French presidential candidate Nicolas Sarkozy seemed to be a little out of date when discussing the Bank of England's monetary policy decision making last week on French television.
Race to succeed Canada's Dodge underway
According to this article from Bloomberg, published Thursday 26 April, potential successors to David Dodge at the Bank of Canada will include Paul Jenkins and Tiff Macklem as well as some external candidates named in the press.
IMF paper on Reserve Bank of Zimbabwe's losses
The IMF Working Paper 'Central bank quasi-fiscal losses and high inflation in Zimbabwe: A note' says Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and…
SARB Financial Stability Review, March 2007
The South African Reserve Bank published the March 2007 edition of its Financial Stability Review on 25 April. In its latest report the SARB said the South African financial system was assessed as sound, with overall confidence in the financial services…
Central Bank of Malta - Annual Report 2006
According to the Central Bank of Malta's Annual Report 2006, the past year was marked by decisive progress towards the satisfaction of the Maastricht convergence criteria and the objective of an early adoption of the euro.
RBA paper on forecasting with factors
The Reserve Bank of Australia Research Discussion Paper "Forecasting with factors: The accuracy of timeliness" demonstrates that factor-based forecasts for key Australian macroeconomic series can outperform standard time-series benchmarks.
SNB's Roth with a review of the Swiss economy
In the speech 'Review of the Swiss economy in 2006 and the outlook for 2007' given on 27 April Jean-Pierre Roth of the Swiss National Bank said with the Swiss economy close to full employment, the Swiss National Bank currently operates in a comfortable…
Bheenick on launch of Mauritius's MPC
In the speech 'Launch of the Monetary Policy Committee at the Bank of Mauritius' given on 23 April Rundheersing Bheenick of the Bank of Mauritius said today is the start of a new era in monetary policymaking in Mauritius.
Nepal plans new banking law
Nepal Rastra Bank (NRB) is set to introduce the Bank and Financial Institution Act to allow mergers and acquisitions amongst financial institutions, an NRB official told reporters Friday 27 April.
Fukui says rates must adjust if necessary
Bank of Japan governor Toshihiko Fukui said Friday 27 April after the policy board left rates unchanged, that the BOJ must raise interest rates once prices are clearly rising and secure growth is seem.
Fed's Fisher sees reduction in inflation trends
President of the Dallas Federal Reserve Bank, Richard Fisher, said on Thursday 26 April that the US seems to be reducing inflationary fears but the proof is not there yet.
Hedge funds pose financial stability risks - Noyer
Bank of France governor Christian Noyer said in a speech at a Bundesbank conference Friday 27 April financial innovation is partly to blame for the unstable growth in eurozone M3 money supply.
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Mauritius moves monetary policy into modern era
According to this article from the Mauritius Times, published Friday 27 April, the decision by the Bank of Mauritius to set up a Monetary Policy Committee should be welcomed as a move away from the Middle Ages of central banking.
Regulators must be watched on bank bids
According to this article published by the Financial Times on Friday 27 April, the powers of financial supervisors should be checked on bank bids or they are likely to impose obstacles to such deals.
Hong Kong Monetary Authority - Annual Report 2006
According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong…
Bank of Canada Monetary Policy Report, Apr 2007
The Bank of Canada released its April 2007 Monetary Policy Report on 26 April. The latest report says growth of the Canadian economy has been essentially in line with the Bank's expectations.
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
SF Fed's Yellen on the US economy
In the speech 'The U.S. economy: Prospects and a puzzle revisited' given on 26 April Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should neither hit the brakes nor the accelerator because the road ahead is uncertain.
Fed's Mishkin: Globalization & fin. development
In the speech 'Globalization and financial development' given on 26 April Frederic Mishkin of the Federal Reserve said developing countries need to develop their financial infrastructure to get wealthier and the answer is globalisation.
ECB launches consultation on TARGET2
Following its announcement on 8 March, the Governing Council of the European Central Bank decided on Thursday 26 April to launch a public consultation on the general principles and the set of high-level proposals defining the nature and scope of TARGET2…
Alice in Wonderland riddles not for Dodge
As David Dodge says he will not seek a second term as governor of the Bank of Canada (see our other item on this today), this article from Reuters, published Thursday 26 April, says he was a central banker of refreshing clarity and gained the markets'…