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Analysts say China rate hike hurt property market
China's residential property market and heavy borrowers will be the main victims of the People's Bank of China's latest interest rate hike, analysts at Credit Suisse said in a report published Monday 19 March.
New developments in clearing and settlement
The Committee on Payment and Settlement Systems (CPSS) issued a report on New developments in clearing and settlement arrangements for OTC derivatives on 16 March.
Structural balances and revenue windfalls
In the ECB Working Paper "Structural balances and revenue windfalls: the role of asset prices revisited" the authors revisit one of the "missing links" between budget balances and the economic cycle, namely the impact of asset prices on fiscal revenues.
Liikanen on the cash single shared platform
In the speech 'CashSSP - the cash single shared platform' given on 16 March Erkki Liikanen of the Bank of Finland said we expect that all Eurosystem central banks can and will participate in the emerging division of labour on the basis of reasonable…
Macedonia's Goshev on the EFSE
In the speech 'Promotion of the European Fund for Southeast Europe - EFSE in the Republic of Macedonia' given on 1 March Petar Goshev of the National Bank of the Republic of Macedonia said the scope for the EFSE's policies directed towards micro and…
Akhtar on Pakistan's regulatory framework
In the speech 'Pakistan - regulatory and supervisory framework' given on 5 March Shamshad Akhtar of the State Bank of Pakistan said the Bank of Finland takes a very positive attitude to the drive for efficiency through deeper cooperation.
Philadelphia Fed Business Review, 1st Quarter 2007
The Federal Reserve Bank of Philadelphia published its Business Review for the First Quarter 2007 on 20 March. In the article "Trade deficits aren't as bad as you think," George Alessandria offers an alternative view to the mainstream: Trade deficits…
IMF: Zimbabwe's economic collapse accelerating
Zimbabwe's economic collapse is likely to accelerate with inflation passing 5,000 percent by year-end, a senior IMF official said in an interview Sunday 18 March.
BoJ's Fukui says markets saw 'healthy correction'
Bank of Japan governor Toshihiko Fukui said on Tuesday 20 March the central bank will closely monitor global equity markets for further developments, but stressed that the recent worldwide sell-off has been a "healthy correction."
Zhou says China to stop accumulating reserves
China will stop increasing its huge foreign exchange reserves, People's Bank of China governor Zhou Xiaochuan said in an interview published Tuesday 20 March.
ECB's Garganas says rates may not have peaked
A recent change in European Central Bank language on monetary policy does not mean that interest rates are near a peak, Nicholas Garganas said in an interview published Monday 19 March.
A fresh mandate for RBI
India needs to debate the conduct of its monetary policy, according to this article published Tuesday 20 March by The Indian Express.
FOMC to throw markets a life preserver?
According to this article published by MarketWatch on Monday 19 March, financial markets could be given a boost this week when the Federal Open Market Committee meets.
Meirelles says Brazil's 2007 inflation benign
Brazil's 2007 inflation scenario is benign, but the central bank remains vigilant, the bank's chief said on Monday 19 March.
PBOC's Zhou worried over China CPI trend
People's Bank of China governor Zhou Xiaochuan told reporters on Sunday 18 March he was not worried about the current level of inflation but was concerned with the inflation trend.
2010 GCC currency union date is 'challenge'
Currency union by 2010 in the Gulf region is a challenge, but could be achieved if the Gulf countries act swiftly, Central Bank of Bahrain governor said in an interview Sunday 18 March.
Bank of England Quarterly Bulletin, Q1 2007
The Bank of England published its First Quarter 2007 Quarterly Bulletin on Monday 19 March. The latest issue says rises in UK interest rates have been a major factor behind gains in the pound over the past year.
Thai fin min supporting BoT independence
Thailand's finance minister Chalongphob Sussangkarn said Thursday 15 March he had insisted during a meeting with Bank of Thailand governor Tarisa Watanagase that monetary policy shouldn't cause volatility in markets, but the BoT was not under pressure to…
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.