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Is the RBI being irrationally exuberant?
According to this article from Rediff News, published Saturday 16 December, asks whether the Reserve Bank of India's recent decision to raise interest rates is an exercise in "rear window" economics.
Kato on economic growth in the Arab countries
In the speech 'Institutions and economic growth in the Arab countries' given on 19 December Takatoshi Kato of the IMF said there is an enormous potential in the Arab region for improving the business environment.
Turkey's Yilmaz on dollarization
In the speech 'Dollarization - consequences and policy options' given on 14 December Durmus Yilmaz of the Central Bank of Turkey said it is apparent that the level of dollarization in Turkey is still high, which is an important challenge for monetary…
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities meeting with market participants' given on 18 December Gertrude Tumpel-Gugerell of the ECB said safe and efficient clearing and settlement systems are essential for the overall functioning of the financial market and for…
BoE's King: reform of international institutions
In the speech 'Through the looking glass: Reform of the international institutions' given on 21 December Mervyn King of the Bank of England said the IMF must focus on the spillover effects of economic policies and ensure its work is independent of member…
Bank of Japan Monthly Report, December 2006
The Bank of Japan published the English version of its December 2006 monthly report on Thursday 21 December. In the report the BOJ said the economy continues to expand moderately although growth in consumer spending has been modest.
Malaysia says won't impose capital controls
Malaysia does not intend to adopt a similar stance as Thailand by imposing capital controls, Prime Minister Datuk Seri Abdullah Ahmad Badawi said Wednesday 20 December.
NBP holds rates steady
The National Bank of Poland kept interest rates unchanged Wednesday 20 December, as widely expected, despite strong economic growth.
Sharp FX moves not in global interest - Trichet
European Central Bank President Jean-Claude Trichet said on Wednesday 20 December that sharp and abrupt moves in currencies would not be in the interests of Europe, the US or the global economy.
Review possible on GCC union deadline
Saudi Arabia's finance minister said Tuesday 19 December in an interview with Reuters the GCC states may have to review the 2010 target date for introducing the single currency after Oman's decision to miss the deadline.
IMF's Kato on communications
In the speech 'Enhancing macroeconomic policies through communications' given on 18 December Takatoshi Kato of the IMF said the world economy has now seen several years of strong growth.
BoE committee voted unanimously to hold rates
The Bank of England's Monetary Policy Committee voted unanimously to hold its key repo rate unchanged at a five-year high of 5.00, minutes released Wednesday 20 December showed.
Thailand discovers fury of investors scorned
In 24 hours the Bank of Thailand has raised the threat of more widespread use of monetary shock therapy in Asia, according to this article by Bloomberg published Wednesday 20 December.
Elements of optimal monetary policy design
This International Monetary Fund Working Paper reviews the relevant economics and social psychology literatures with a view to providing some insights into the question of optimal monetary policy committee design.
ECB Research Bulletin, December 2006
The European Central Bank launched a new regular publication on 20 December: the Research Bulletin. The edition includes an article on central bank communication by Michael Ehrmann.
ECB's Trichet on the eurozone economy
In testimony to the European Parliament given on 20 December Jean-Claude Trichet of the ECB warned that eurozone inflation could rise and hover around 2 pct in both 2007 and 2008.
Dallas Fed's Fisher: a wrap-up of the economy
In the speech 'A year-end wrap-up of the economy and a peek ahead' given on 19 December Richard Fisher of the Federal Reserve Bank of Dallas said rising inflation is a greater concern than a slowing economy and monetary policymakers may be forced to…
Maldives Monetary Authority - Annual Report 2005
According to the Maldives Monetary Authority's Annual Report 2005, the tsunami that struck the Maldives in 2004 has devastated the economy and the full economic impact of the disaster was felt in 2005 with real economic growth decelerating to negative 5…
Confidence in German economy high
Strong global demand for Germany's manufacturing exports has pushed business confidence in Europe's biggest economy to its highest level since the country was reunified at the start of the 1990s, the Ifo institute announced Tuesday 19 December.
Thailand reconsiders baht policy
Foreign investors bailed out of the Thai stock market in droves Tuesday 19 December, forcing Thailand's military government to go back on comments that it would not abandon just-announced measures aimed at stemming the country's surging currency.
BOK's Rhee says won to fall v dollar in 2007
South Korea's won ``has peaked'' according to a Bank of Korea official, and is poised to weaken versus the dollar in 2007.
BoJ's Fukui says prices, spending weaker
Bank of Japan governor Toshihiko Fukui said Tuesday 19 December that the consumer price index and private consumption have recently been weaker than the BoJ had thought a few months earlier.
Central banks sign MoU on financial crises
An agreement entitled "Memorandum of Understanding on Management of a financial crisis in banks with cross-border subsidiaries or branches" was signed in Stockholm Monday 18 December by the central banks of Sweden, Estonia, Latvia and Lithuania.
Central banks and bubbles: Prevention or cure?
This article published Friday 15 December by Rediff News asks whether it's the Reserve Bank of India's job to go around pricking asset price bubbles.