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Chicago Fed National Activity Index, February 2007
The Chicago Fed National Activity Index for February 2007, published 26 March, was +0.03 in February, up from -0.72 in January.
BoE's Gieve on the City's growth
In the speech 'The City's growth: The crest of a wave or swimming with the stream' given on 26 March John Gieve of the Bank of England said the City of London looks set to consolidate its position as a top financial centre as the gap between the US and…
Karvalits says Hungary can reach CPI goal
The Hungarian central bank's (NBH) medium-term inflation goal can be reached even at an exchange rate weaker than the current one, Ferenc Karvalits, nominated as deputy governor said on Monday 26 March.
BOJ's Fukui repeats to hike rates slowly
Bank of Japan governor Toshihiko Fukui told lawmakers Monday 26 March that the central bank will maintain its accommodative monetary policy stance for now by raising interest rates only slowly.
April rate hike not too late - BOJ minutes
One of the Bank of Japan's nine policy board members called on the central bank to be cautious about hiking interest rates in light of slow wage growth and sluggish consumption, the minutes of the BoJ's Feb 20-21 meeting released Monday 26 March showed.
Bini Smaghi says ECB must remove inflation risks
European Central Bank board member Lorenzo Bini Smaghi said Monday 26 March the ECB still needs to take action to eliminate remaining inflation risks in the eurozone.
EU's Almunia says stop attacking ECB
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 26 March in an article that French politicians should stop attacking the euro and the European Central Bank.
Fed's Mishkin said to fuel inflation target
According to an article from the Financial Times, published Monday 26 March, financial markets are likely to interpret Frederic Mishkin's recent speech (reported separately today) as further evidence that the Federal Reserve is stepping away from a…
RBA Financial Stability Review, March 2007
The Reserve Bank of Australia published the March 2007 edition of its Financial Stability Review on Monday 26 March. There are few risks to financial stability with the level of problem loans quite low and households adopting a cautious approach to their…
Fed's Mishkin on inflation dynamics
In the speech 'Inflation dynamics' given on 23 March Frederic Mishkin of the Federal Reserve said core US inflation is likely to drop to 2 percent from about 2 1/4 percent, but pushing it below that may require higher interest rates.
Rato on responding to shifts in financial risk
In the speech 'Responding to shifts in financial risk: the need for leadership' given on 23 March Rodrigo de Rato of the IMF said the global economy is still on track for healthy growth despite the adverse impact on US business prospects of a housing…
Philadelphia Fed's Plosser on the yield curve
In the speech 'What can we expect from the yield curve?' given on 23 March Charles Plosser of the Federal Reserve Bank of Philadelphia said the spread between yields on short- and long-dated government securities may remain narrow in the future due to…
ECB's Tumpel-Gugerell on payment systems issues
In the speech 'Regulatory framework and payment systems issues' given on 23 March Gertrude Tumpel-Gugerell of the ECB said within the European Union, it will be important for the proposed Payment Services Directive to be adopted and written into national…
ECB's Stark on the public sector
In the speech 'Fit for the future? Towards a lean and efficient public sector' given on 23 March Jurgen Stark of the ECB said eurozone countries need to cut public spending to 30-35 pct of GDP if they are to be competitive.
Fed's Cole says subprime actions too slow
The Federal Reserve could have acted faster to prevent a meltdown in the subprime-mortgage market by halting the lax lending standards that contributed to the crisis, the Fed's chief bank supervisor said Thursday 22 March.
SARB's Quarterly Bulletin, March 2007
The South African Reserve Bank published its March 2007 Quarterly Bulletin on 22 March. According to the latest Bulletin, soaring domestic spending has spurred growth but an appetite for luxury imports and massive government infrastructure spending has…
Bank of Japan Monthly Report, March 2007
The Bank of Japan published the English version of its March 2007 monthly report on Friday 23 March. In the report the BOJ left its assessment of economic and financial developments unchanged for March, saying the economy continues to expand moderately.
Bank Negara Malaysia - Annual Report 2006
According to the Bank Negara Malaysia's Annual Report 2006, the Malaysian economy strengthened in 2006, with real gross domestic product expanding by 5.9%.
Jenkins on the Canadian economy
In a speech given on 22 March Paul Jenkins of the Bank of Canada said sound fiscal policy and debt reduction have contributed to a stable domestic economy.
Fed's Kroszner on innovations in credit markets
In the speech 'Recent innovations in credit markets' given on 22 March Randall Kroszner of the Federal Reserve said fast-growing credit derivative markets have helped spread risks more widely but have not made them disappear.
Fed's Kohn on asset-pricing puzzles, credit risk
In the speech 'Asset-pricing puzzles, credit risk, and credit derivatives' given on 22 March Donald Kohn of the Federal Reserve said credit derivatives may reduce long-run risk premiums for stocks and bonds by helping markets share risks more evenly.
India not ready for sustained growth?
According to an article from The Financial Express, 'YVR not ready for sustained growth?', published on Sunday 18 March, India has never had it so good, but current growth levels may not last too long.
Japan's Omi says land prices don't indicate bubble
Japan's rising land prices reflect the country's economic recovery and don't indicate an asset bubble, finance minister Koji Omi said Friday 23 March.
SNB's Jordan says hikes less pressing
The Swiss National Bank (SNB) currently sees further rate hikes as necessary to keep inflation at bay, while indicating the need for action has become smaller, the central bank's directorate member Thomas Jordan said in a speech Thursday 22 March.