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Philadelphia Fed Business Review, 4th Quarter 2006
The Federal Reserve Bank of Philadelphia published its Business Review for the Fourth Quarter 2006 on 13 December. The latest issue has articles on housing, exports, and segmented markets. Written by Senior Economic Analyst Tim Schiller, the housing…
Fed's Bernanke on the Chinese economy
In the speech 'The Chinese economy: Progress and challenges' given on 15 December Ben Bernanke of the Federal Reserve said Chinese policy-makers risk losing control of their economy unless they let the yuan rise in value and strengthen their financial…
Poland's central bank nominee withdraws candidacy
The Polish president's office said Thursday 14 December that Jan Sulmicki, who was nominated earlier this week as the next governor of the National Bank of Poland, has withdrawn his candidacy for "personal reasons".
Conference announcement and call for papers
The Sveriges Riksbank has announced a conference "The Evolution of Financial Markets and Financial Institutions: New Threats to Financial Stability" will take place between 5-7 September 2007. The conference seeks to gather academics and policymakers to…
Sri Lanka sees healthy growth rate for economy
According to the Central Bank of Sri Lanka's December 2006 Monetary Policy Review, published Friday 15 December, the economy continues to grow at a healthy rate.
Trust me, Ben, if Mervyn can do it, so can you
This article published Friday 15 December by Bloomberg, compares the Bank of England's communication strategy with the Federal Reserve's. In less than a decade of independence the BoE has leapfrogged the Fed in terms of clarity, it says.
Sweden's Riksbank raises rates to 3%
The Sveriges Riksbank increased its repo rate to 3.00 pct from 2.75 pct Friday 15 December in response to rising inflation combined with continued good levels of economic activity.
Bank of Japan's headwinds complicate recovery
According to this article from Bloomberg, published Tuesday 12 December, there is probably no one more disappointed than Bank of Japan governor Toshihiko Fukui about Japan's slow growth.
Uganda cb optimistic on 2007 growth
The central bank of Uganda is positive about the projected 6% gross domestic product (GDP) growth is within reach next year The New Vision website reported Wednesday 13 December.
Paulson calls on China for looser yuan
U.S. treasury secretary Henry Paulson, called on China to reduce currency controls and clamp down on software piracy in the first round of talks held Thursday 14 December.
Slovenia 'well prepared' for euro
Slovenia has entered the final phase of preparations for the launch of the euro on New Year's Day, and is ready for the switchover, a central bank official said Thursday 14 December.
Bundesbank to cut another 800 jobs
The Bundesbank said Wednesday 13 December it is to cut an additional 800 jobs over the next six years.
SNB raises interest rates by 25 basis points
Swiss National Bank (SNB) president Jean-Pierre Roth told a half-yearly press conference on Thursday 14 December the SNB will continue to pursue its strategy of gradual normalisation of monetary policy if the economy behaves as expected.
BoJ poised to leave rates unchanged - report
The Bank of Japan is expected to keep interest rates unchanged next week in its final policy board meeting for 2006, the Nihon Keizai Shimbun reported Wednesday 13 December, without citing sources.
Bank of Canada Review, Autumn 2006
The Bank of Canada published its Review for Autumn 2006 on 13 December. The Review includes the article 'MUSE: The Bank of Canada's New Projection Model of the U.S. Economy'.
BoE's Gieve on pricing for perfection
In the speech 'Pricing for perfection' given on 14 December John Gieve of the Bank of England warned that while the UK financial system remains stable some vulnerabilities have edged up.
Bank of England Inflation Attitudes Survey, Nov 06
The Bank of England published its November 2006 Inflation Attitudes Survey on Thursday 14 December. UK inflation expectations for the coming year rose to 2.7 pct in November from 2.5 pct in August, the survey found.
ECB Monthly Bulletin, December 2006
The European Central Bank published its December 2006 Monthly Bulletin on Thursday 14 December. In the report the ECB said it will act decisively if necessary to keep inflation pressures in check.
Rethinking the governance of the IMF
This International Monetary Fund Working Paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support.
Promoting effective and accountable central banks
According to this article from the Bangkok Post, published Saturday 9 December, authorities must ensure consistency between the objectives of a central bank, its authority, degree of autonomy and accountability.
Norges Bank raises rates to 3.50%
The Norwegian central bank said Wednesday 13 December it has decided to raise the sight deposit rate to 3.50 pct from 3.25 pct, effective from Thursday.
'Still low' says Mersch on ECB rates
Luxembourg central bank governor Yves Mersch said Wednesday 13 December the European Central Bank's interest rates are "still low".
Bank of France sees rebound in Q4
The French economy will bounce back in the last three months of 2006 after stalling in the third quarter, according to a Bank of France survey released on Wednesday 13 December.
US Fed keeps benchmark rate unchanged
The U.S. Federal Reserve held key interest rates steady at 5.25 percent for a fourth straight meeting on Tuesday 12 December, while renewing a warning that risks from inflation remain.