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Fullani on the Bank of Albania's progress
In the speech 'Bank of Albania - progress during 2006' given on 8 December Ardian Fullani of the Bank of Albania said that we are carefully evaluating the degree to which the preconditions are met before shifting to fully fledged inflation targeting in…
Fischer on the openness of Israel's economy
In the speech 'The openness of Israel's economy to the global economy and the importance of Israel's joining the OECD' given on 11 December Stanley Fischer of the Bank of Israel said it is important that Israel's membership of the OECD remain high on the…
'The Region' from the Minneapolis Fed, Dec 06
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for December 2006. The latest edition carries an interview with University of California, Berkeley economist David Card, on immigration, labor supply, minimum wage…
Reserve Bank of New Zealand Bulletin, Dec 2006
The Reserve Bank of New Zealand published the December 2006 issue of its Bulletin on 13 December. The first article of this issue considers the role of core inflation statistics and outlines a range of possible calculation methods.
Fed's FOMC likely to hold US interest rates
The US economy is in fairly good shape despite the flagging housing and auto industries, suggesting the Federal Reserve will leave US interest rates unchanged at its meeting Tuesday 12 December.
Two candidates for Slovenia's central bank chief
Two candidates have applied for the post of the governor of Banka Slovenije, Slovenia's central bank, President Janez Drnovsek's office told STA News.
Murerwa denies fallout with Zimbabwe's Gono
Zimbabwe's finance minister dismissed rumours he is at odds with central bank governor Gideon Gono as the country's economic crisis deepens, reports said on Tuesday 12 December.
Poland's central bank chief named before Xmas
Polish minister Aleksander Szczyglo from the President's Office said Tuesday 12 December in a Polish radio report that the name of the new head of the central bank should be known by Christmas.
Israel's Fischer says rate cuts will be gradual
The governor of the Bank of Israel Stanley Fischer on Monday 11 December said he would reduce interest rates gradually because any "drastic" reduction would cause inflation to break the bank's target.
Villepin wants clarification of ECB role
French Prime Minister Dominique de Villepin called on Monday 12 December to "clarify the roles" of European Central Bank (ECB), amid talk regarding the recent high levels of the euro.
Side effects for ECB transparency
This article from the Financial Times, published Monday 11 December, says that a mixture of good luck and good judgment has made this a good year for the ECB.
ECB's Financial Stability Review, December 2006
The European Central Bank published its December 2006 Financial Stability Review on 11 December. In the report the ECB said the euro area financial system has proven resilient to adverse disturbances.
Papademos on the ECB's Financial Stability Review
In opening remarks to the ECB's Financial Stability Review press conference given on 11 December Lucas Papademos of the ECB said robust growth of credit to the euro area private sector could pose an upside risk to price stability.
Canada's Dodge on financial system efficiency
In the speech 'Improving financial system efficiency: The need for action' given on 11 December David Dodge of the Bank of Canada said Canada's macroeconomic policies are second to none in supporting financial system efficiency, but work is needed to…
BoE's Tucker on asset prices and uncertainties
In the speech 'Asset price and financial system uncertainties' given on 11 December Paul Tucker of the Bank of England said an interest rate rise in November was needed to ensure that inflation expectations remained well-anchored ahead of the January pay…
RBA's Stevens on finance and economic development
In the speech 'Finance and economic development' given on 12 December Glenn Stevens of the RBA said leveraged buyout activity could become a more prominent issue for the nation's financial system over the next five years.
Bernanke promotes Fed's profile, not his
According to this article published by Bloomberg on Monday 11 December, deflating the aura around his job may be Ben Bernanke's greatest triumph so far at the Federal Reserve.
China to look positively on Paulson talks
China promised on Monday 11 December to respond positively to the US in talks this week but said its exchange rate is a matter of national sovereignty.
Oman not ready for single currency
Oman has confirmed it will not be joining the GCC currency union by 2010. The move presents a big setback for the proposed Gulf single currency.
Belgium's Quaden says don't panic on rate levels
Belgian National Bank governor Guy Quaden said Monday 11 December eurozone countries have no cause for alarm over interest rates and currency levels.
Brian Lang retires from RBNZ
The Reserve Bank of New Zealand announced Monday 11 December that Brian Lang will be retiring from the Bank on 15 December. Lang joined the Bank in 1962 and has filled a wide range of senior positions.
BoE to launch credit conditions survey
The Bank of England announced Monday 11 December it will launch a quarterly survey of credit conditions in the UK covering mortgage lending, unsecured lending to households and corporate lending.
SBP's Akhtar warns speculators of punitive steps
The governor of the State Bank of Pakistan, Dr Shamshad Akhtar, announced on Sunday 10 December that while the SBP would not intervene to stabilise the rupee exchange rate, it would take punitive action against market speculators.
Optimal currency shares in international reserves
The ECB Working Paper "Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar" says that foreign exchange reserve accumulation has risen dramatically in recent years.