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China's Wen says investment won't affect dollar
China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.
ECB's Gonzalez-Paramo on globalisation, mon policy
In the speech 'Globalisation and monetary policy' given on 15 March Jose Manuel Gonzalez-Paramo of the ECB said globalisation does not affect the central role and overriding responsibility of central banks to preserve price stability.
ECB's Bini Smaghi on the world economy
In introductory remarks at Internationaler Club Frankfurter Wirtschaftsjournalisten given on 14 March Lorenzo Bini Smaghi of the ECB said Asia not only makes a strong contribution to world economic growth but also plays a "shock-absorbing" role in the…
RBI's Leeladhar on Indian financial sector reforms
In the speech 'Indian financial sector reforms' given on 5 March V Leeladhar of the RBI said with the increasing levels of globalisation of the Indian banking industry, evolution of universal banks and bundling of financial services, competition in the…
Philadelphia Fed Business Outlook Survey, Mar 2007
According to the firms surveyed for the Philadelphia Fed's March 2007 Business Outlook Survey, activity in the region's manufacturing sector was mostly steady again this month.
A primer on sovereign debt buybacks and swaps
This IMF Working Paper sets forth some basic principles that could help debt managers in emerging market and other countries to plan and implement sovereign debt buyback and swap operations.
Why is market volatility so low?
According to this article from MoneyWeek, published Wednesday 14 March, the recent so-called drama around the world is more likely a long overdue reaction to months of relentless appreciation in global stock markets.
PBOC vows to open financial sector further
China will further open its financial sector in "an active and safe" way, the People's Bank of China said in a report Friday 16 March.
Markets not pricing risk well says ECB's Weber
Global financial markets may not be adequately pricing risk even after their recent sharp corrections, European Central Bank governing council member Axel Weber said on Thursday 15 March.
No plan to relocate central bank says Perng
Central Bank of China (CBC) governor Perng Fai-nan said Wednesday 14 March that Taiwan's central bank will not relocate its headquarters from Taipei City to southern Taiwan.
Greenspan says subprime spillover unlikely
Problems facing lenders of risky mortgages are not likely to spill over into the broader economy unless housing prices see another substantial fall, former Fed chairman Alan Greenspan said Thursday 15 March.
Wen: China's growth 'unstable' & 'unsustainable'
China's economic expansion, the source of about a 10th of global growth last year, is unstable and environmentally unsustainable, Premier Wen Jiabao told a press conference on Friday 16 March.
Fukui denies BOJ leaked information
Bank of Japan governor Toshihiko Fukui denied in parliament Thursday 16 March that the central bank leaked information to the media before announcing an interest-rate increase last month.
New York Fed's Economic Policy Review, March 2007
The Federal Reserve Bank of New York has published the March 2007 edition of its Economic Policy Review. The latest edition includes the article "The Emergence of 'Regular and Predictable' as a Treasury Debt Management Strategy".
Tumusiime-Mutebile on African central banks
In the speech 'Business continuity and risk management in African central banks' given on 9 February Emmanuel Tumusiime-Mutebile of the Bank of Uganda said the three central banks in East Africa have spent a significant amount of resources to lay the…
Mboweni on the role of the SARB and consumers
In the speech 'The role of the South African Reserve Bank in the protection of consumers' given on 15 March Tito Mboweni of the South African Reserve Bank said that while the central bank aimed to achieve price stability and low and sustainable inflation…
RBA's Edey on Australia in the global economy
In the speech 'Australia in the global economy' given on 16 March Malcolm Edey of the Reserve Bank of Australia said Australia's underlying inflation level is still expected to decline slightly over the next two years to around 2.75 pct which is higher…
BoE's Sentance on the changing pattern of savings
In the speech 'The changing pattern of savings: Implications for growth and inflation' given on 15 March Andrew Sentance of the Bank of England warned of possible inflationary risks from strong consumer spending levels.
Too much of a good thing for China
According to this article published by the Asia Times on Thursday 15 March, senior Chinese officials say it will take time to reduce China's trade surplus, which has been a source of friction with its trading partners.
Bulgarian governor nominates deputy
The governor of the Bulgarian National Bank (BNB) Ivan Iskrov on Thursday 15 March nominated Rumen Simeonov, 55, to take over as deputy governor in charge of bank supervision from Emilia Milanova.
Market tumult a warning on risk: ECB's Garganas
The recent turmoil in financial markets is a timely reminder that risks to the global economy cannot be shrugged aside, European Central Bank governing council member Nicholas Garganas said on Thursday 15 March.
Russian deputy: CB should keep oversight function
The Russian central bank should not be stripped of its oversight functions, first deputy chairman Gennady Melikian told a press conference on Thursday 15 March.
BoJ's Fukui says no stocks impact from rate hike
Bank of Japan governor Toshihiko Fukui said in parliamentary testimony Thursday 15 March that the BoJ's latest rate hike in February did not directly lead to the recent global stock market slump.
SNB hikes interest rates by 25 points
The Swiss National Bank (SNB) raised interest rates by 25 basis points Thursday 15 March, citing the excellent shape of the Swiss economy and a slight upward trend in inflation.