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What's behind Japan's big surge?
Although the world's second-biggest economy is expected to announce record expansion, this article from BusinessWeek, published Monday 6 November, says it's mainly based on exports, and wages have not kept pace.
Yellen on economic inequality in the United States
In the speech 'Economic inequality in the United States' given on 6 November Janet Yellen of the Federal Reserve Bank of San Francisco said voiced concern that the nation's income inequality has risen to such a point that even American democracy could be…
SARB Monetary Policy Review, November 2006
The South African Reserve Bank published its Monetary Policy Review for November 2006 on Wednesday 8 November. South Africa's inflation outlook has deteriorated over the past few months, with continued high consumer demand and a weaker currency seen as…
Fed's Lacker on monetary policy tactics & strategy
In the speech 'Monetary policy tactics and strategy' given on 30 October Jeffrey Lacker of the Federal Reserve Bank of Richmond said the best way to gain such credibility is for the Fed to establish an "explicit numerical inflation target" - and then key…
Pianalto on monetary policy & the economic outlook
In the speech 'Monetary policy and the economic outlook' given on 6 November Sandra Pianalto of the Federal Reserve Bank of Cleveland warned that another hike in U.S. interest rates might be warranted if inflation failed to fall fast enough to satisfy…
ECB Monthly Bulletin, November 2006
The European Central Bank published its November 2006 Monthly Bulletin on Thursday 9 November. In the report the ECB reiterated that it needs to exercise "strong vigilance" on inflation risks.
Hildebrand named new SNB vice-president
The Swiss government on Wednesday 8 November named Philipp Hildebrand as the new vice-president of the Swiss National Bank (SNB) as of May next year, replacing Niklaus Blattner, who will retire.
SNB names new head of asset management
As of 1 December 2006, Sandro Streit will succeed Thomas Stucki as Head of Asset Management at the Swiss National Bank.
RBA raises rates to 6.25%
The Reserve Bank of Australia has increased the official cash rate by 25 basis points to 6.25% as widely expected, after its monthly monetary policy meeting on Wednesday 8 November.
BoJ likely to raise interest rates before year end
Speaking at a seminar in Tokyo on Tuesday 7 November, the governor of the Bank of Japan, Toshihiko Fukui, indicated that he would be in favour of raising interest rates in anticipation of higher inflation.
ECB report says EU banks need to exercise caution
The European Central Bank said in a report on Tuesday 7 November that EU banks need to exercise caution with their mortgage lending because of the risk of some households getting into financial difficulties.
Islamic banking MoU signed in Pakistan
A Memorandum of Understanding (MoU) was signed on Monday 6 November to promote Islamic Banking in Pakistan.
Longworth on the Canadian economy
In the speech 'The Canadian economy and financial markets in perspective' given on 8 November David Longworth of the Bank of Canada said that hedge funds had a largely positive impact on the efficiency of financial markets.
Keeping faith in CBK's supervisory obligation
According to this article published Tuesday 7 November by the Kenya Times, a logical move by the Central Bank of Kenya to shut down the country's twenty or so banks affected by bad debts would have had dire implications for the economy.
Bergo on Norwegian economy & financial stability
In the speech 'The Norwegian economy and financial stability' given on 7 November Jarle Bergo of the Norges Bank said the Norwegian financial system appears sound, well managed and competitive, and shorter-term vulnerabilities appear low overall.
Cleveland's Pianalto on the Federal Reserve System
In the speech 'An overview of the Federal Reserve System' given on 5 October Sandra Pianalto of the Federal Reserve Bank of Cleveland said the official data that are available are just not current enough for a forward-looking enterprise like monetary…
Asian bond markets: issues and prospects
The BIS published papers on Monday 7 November presented at a BIS/Korea University conference of central bankers, scholars and market participants held in Seoul on 21-23 March 2004.
Fed's Hoenig: This time it's different (or is it?)
In the speech 'This time it's different (or is it?)' given on 30 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said conditions today are good: strong earnings, good asset quality, no bank failures in more than two years.
IMF's Rato sees need for euro rate increase
Rodrigo Rato, head of the International Monetary Fund, on Tuesday 7 November warned that further European interest rate rises would be needed to keep inflation under control as the economic recovery continues.
IMF's Lipsky calls for SA vigilance on rates
South Africa has responded "appropriately" to rising inflationary pressure but needs to remain vigilant, IMF first deputy managing director John Lipsky said on Tuesday 7 November.
BOT revises rules to curb baht gains
The Bank of Thailand on Tuesday 7 November asked financial institutions not to sell baht bills of exchange to non-residents in an attempt to prevent speculation on the currency's appreciation.
Greenspan says downturn 'likely temporary'
The current economic downturn is "likely temporary," former Federal Reserve Chairman Alan Greenspan said Monday 6 November, noting that the worst of the housing market slump is likely over.
Fed's Pianalto says US can withstand housing slump
The U.S. economy will withstand the housing slump and grow at a ``moderate'' pace with slowing inflation, Cleveland Federal Reserve Bank president Sandra Pianalto said Monday 6 November.
Eurozone cbs well prepared for financial crisis
The European Central Bank said Monday 6 November a series of "stress testing" exercises have shown that eurozone central banks are well prepared to cope with a financial crisis.