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Key US Democrat warns on inflation target idea
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times on Tuesday 19 February.
MAS's Kiang on recent financial developments
In the speech 'Brief review of recent financial and economic developments in Singapore' given on 13 February Lim Hng Kiang of the Monetary Authority of Singapore said Singapore, being at the heart of Asia, provides global financial institutions a unique…
BoE paper on Asia's choice of exchange rate regime
In the Bank of England Working Paper "Does Asia's choice of exchange rate regime affect Europe's exposure to US shocks?" the authors use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia's…
ECB paper on emerging market economies
The ECB Working Paper "What drives business cycles and international trade in emerging market economies?" investigates the role of domestic and external factors in explaining business cycle and international trade developments in fifteen emerging market…
Deutsche Bundesbank Monthly Report, January 2007
The Deutsche Bundesbank published the English version of its January 2007 Monthly Report on Monday 19 February. The report said the German economic recovery continued in the fourth quarter of 2006.
IMF's Rato on reform in Latin America
In the speech 'The way forward for reform in Latin America' given on 16 February Rodrigo de Rato of the IMF said Latin America's drift to the political left suggests voters are uncertain, and in some cases dissatisfied, with their economies.
Central banks face rising pressure from politician
According to this article published on the International Herald Tribune's website on Monday 19 February, political pressure is intensifying on central banks.
Libya, Tunisia sign currency agreement
Libya and Tunisia have signed a currency exchange agreement of the Libyan and Tunisian dinar.
Volcker says surging inflation in India worrying
India's surging inflation was a matter of concern but the Reserve Bank's monetary response to the issue was on track, renowned economist Paul Volcker said on Sunday 18 February.
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
PBOC raises bank reserve requirement again
The People's Bank of China said Friday 16 February it has raised bank reserve requirements, with effect from 25 February.
St Louis Fed's Poole on US saving
In the speech 'US saving' given on 15 February William Poole of the Federal Reserve Bank of St. Louis said a significant decline in long-term real interest rates started in the early 1990s, when the estimated real yield averaged around 3.5 percent.
Tumpel-Gugerell on tripartite protocol
In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…
RBNZ appoints deputy governor
Grant Spencer has been appointed deputy governor of the Reserve Bank of New Zealand, RBNZ governor Alan Bollard announced Friday 16 February.
Bernanke says China's yuan is 'undervalued'
Federal Reserve chairman Ben Bernanke said Thursday 15 February he thinks the Chinese yuan is undervalued and should be allowed to trade more freely on international markets.
Fed's Poole says no reason to change rates now
St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.
Sweden's Riksbank appoints new head of IT
The Executive Board of the Sveriges Riksbank appointed Hans Ohlson as new head of the IT Department on Friday 16 February. Mr Ohlson will take up this post on 15 May.
Deloitte chief nominated to Hungary's central bank
Hungarian prime minister Ferenc Gyurcsany on Friday 16 February nominated Andras Simor, chief of the Hungarian arm of auditing and consulting giant Deloitte, as be new governor of the central bank.
Abilov appointed head of Turkmenistan CB
Turkmen president Gurbanguly Berdymukhammedov signed a decree on the appointment of Geldymurad Abilov chairman of the Central Bank of Turkmenistan on Thursday 15 February.
Bank of Canada Review, Winter 06-07
The Bank of Canada published its Review for Winter 2006-2007 on Thursday 15 February. The Review includes the article 'Why monetary policy matters: A Canadian perspective'.
Sveriges Riksbank Monetary Policy Report, No. 1 07
Sweden's central bank, the Sveriges Riksbank, published its First Monetary Policy Report for 2007 on 15 February. According to the report, formerly known as the Inflation Report, inflation is currently low, as is the rate of wage increase and cost…
Philadelphia Fed Business Outlook Survey, Feb 2007
According to the firms surveyed for the Philadelphia Fed's February 2007 Business Outlook Survey, activity in the region's manufacturing sector was mostly steady this month.
Norway's Gjedrem on economic perspectives
In the speech 'Economic perspectives' given on 15 February Svein Gjedrem of Norges Bank said that the bank's key interest rate will be gradually increased to 5 per cent.
IMF's Caruana on ageing & pension risk management
In a speech given on 15 February Jaime Caruana of the IMF said the management of long-term, ageing-related risks may require policymakers to seek new and creative policy solutions.