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Slovak PM visits ECB
The Prime Minister of the Slovak Republic, Robert Fico, visited the European Central Bank (ECB) Thursday 26 April.
Greenspan paper: home equity loans raise spending
According to a paper co-authored by former Federal Reserve chairman Alan Greenspan, US spending could have been raised by about 3 percent a year in recent years with home owners using equity from their properties.
ECB's Mersch says rates in tightening phase
European Central Bank Governing Council member Yves Mersch said in an interview with Boersen-Zeitung newspaper published Thursday 26 April that the ECB's phase of interest rate increases isn't over yet.
RBNZ raises OCR to 7.75 percent
The Reserve Bank of New Zealand said Thursday 26 April its Official Cash Rate (OCR) will increase by 25 basis points to 7.75 percent.
Dodge will not seek second term
Bank of Canada governor David Dodge has informed the Board of Directors and the Minister of Finance that he will not seek a second term as governor, the bank said Thursday 25 April. See our other item on this today: 'Alice in Wonderland riddles not for…
BoE's Tucker on financial system developments
In the speech 'A perspective on recent monetary and financial system developments' given on 26 April Paul Tucker of the Bank of England suggested that UK interest rates are nearing levels at which they will really cut into economic activity.
Federal Reserve Board - Beige Book, April 2007
The Federal Reserve published its April 2007 Beige Book survey on Wednesday 25 April. The report said there were few signs of a pickup in the U.S. economy in the early days of the second quarter.
Bank of England Financial Stability Report, Apr 07
The Bank of England published its latest Financial Stability Report for April 2007 on Thursday 26 April. The report said the U.K.'s financial stability is facing a greater threat than it did in July from low corporate lending rates and growth in markets…
Fed's Kohn on industrial loan companies
In testimony 'Industrial loan companies' given on 25 April Donald Kohn of the Federal Reserve said called on Congress to close a loophole that encourages the rapid growth in U.S. specialty banks owned by financial companies and retailers.
Kiang on the property sector in Singapore
In the speech 'Review of the property sector in Singapore and Asia' given on 23 April Lim Hng Kiang of the Monetary Authority of Singapore said general positive sentiments suggest that 2007 and the years ahead will be exciting for Asia and its property…
MAS lists key support for Singapore economy
The Monetary Authority of Singapore (MAS) said in its half-yearly macro-economic review published Wednesday 25 April, that the booming oil rig and biomedical sectors will provide key support for the economy in 2007.
ECB welcomes Payment Services Directive
The European Central Bank said Tuesday 24 April it regards the adoption of the PSD by the European Parliament as a decisive step towards the realisation of the SEPA.
Switzerland's Roth on fragility of fin. markets
Swiss National Bank president Jean-Pierre Roth said in an interview published Tuesday 24 April he sees a "certain fragility" on financial markets and that investors might underestimate actual risks.
Sweden's Riksbank names new deputies
Sweden's Riksbank appointed Princeton University professor Lars E.O. Svensson, who has published widely on monetary policy, and Barbro Wickman-Parak as new members of the Executive Board of the Riksbank on Wednesday 25 April.
PBOC proposes bond issue to buy forex reserves
China's state media quoted a People's Bank of China official as saying Wednesday 25 April that the planned FX reserve agency should issue special treasury bonds to buy reserves to invest abroad.
Fed's Bernanke on financial education
In a speech given on 25 April Ben Bernanke of the Federal Reserve said the increase in financial products means that consumers have to be increasingly more financially sophisticated.
Gono is the only ace in Zimbabwe's house of cards
As Zimbabwe's collapse goes from worse to worse with record inflation and a wrecked economy, this article from New Zimbabwe, published Monday 23 April, says only Reserve Bank governor Gideon Gono holds the key to Zimbabwe's recovery.
Akhtar on an effective Islamic financial system
In the speech 'Building an effective Islamic financial system' given on 27 March Shamshad Akhtar of the State Bank of Pakistan said proper and sequenced development of Islamic Finance (IF) would be critical for this industry to emerge as an effective…
Italy's Draghi on employment and development
In the speech 'Employment and development - the legacy of Giorgio Gagliani' given on 26 March Mario Draghi of the Bank of Italy said the repercussions of population ageing have already begun to be felt in the Italian labour market.
Hungary's Simor on the road to the euro
In the speech 'On the road to the euro - good governance and effective partnership' given on 19 April Andras Simor of the Central Bank of Hungary said at the central bank, as in every organisation, a balance needs to be created between corporate and…
Liikanen on the growth of Finland
In the speech 'The growth of Finland - from a small, underdeveloped country to one of the world's high tech elite' given on March 26 Erkki Liikanen of the Bank of Finland said there are significant risks and policy challenges in the horizon for the…
Central Bank of Liberia - Annual Report 2006
According to the Central Bank of Liberia's Annual Report 2006, the economic outlook for the country seems bright and favorable because of the consolidation of peace and the economic reform measures that are being designed.
Interview with Dallas Fed's Fisher
In an interview with USA Today, published Monday 23 April, Dallas Fed president Richard Fisher says gaining a better knowledge of globalisation may help the Fed tackle inflation.
Zhou Xiaochuan, the one million dollar man
What can you do in one minute? Add $1 million to China's currency reserves, according to this recent article from Bloomberg. 'Simply stunning,' according to one economist who predicts big problems if things don't change.