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Mersch - ECB to raise rates if growth as expected
European Central Bank monetary policy remains accommodative and should be tightened further if the eurozone economy grows as expected, ECB Governing Council member Yves Mersch said on Thursday 7 September.
Belarussian central bank increases gold sales
The National Bank of Belarus increased sales of gold bars by 360% year-on-year to 802.9 kg in the first eight months of 2006, a source in the NBB's precious metals and stones department told Interfax.
Israel's Fischer backs 2007 budget plan
Bank of Israel governor Stanley Fischer expressed support Thursday 7 September of the budget framework presented by Finance Minister Avraham Hirchson the day before.
St Louis Fed's Poole to cast Atlanta vote
Federal Reserve Bank of St Louis president William Poole will cast the Atlanta Fed's vote at the FOMC until a replacement has been found for its president, Jack Guynn, who retires on Oct. 1, the Fed said on Thursday 7 September.
Can the IMF avert a global meltdown?
According to this article by Kenneth Rogoff, published on Thursday 7 September by The Japan Times, it is time for international institutions to step in to avert a global financial crisis.
Rato on key steps in IMF reform
In the speech 'Key steps in IMF reform: Taking stock on the eve of the annual meetings in Singapore' given on 5 September Rodrigo de Rato of the IMF said the global economy has been resilient in the past year, and growth prospects are still very good.
Dallas Fed's Fisher on the status of the economy
In the speech 'An update on the status of the economy and its implications for monetary policy' given on 16 August Richard Fisher of the Federal Reserve Bank of Dallas said inflation continues to trend upwards and the Federal Reserve will not hesitate to…
SARB's Mboweni on monetary policy and the markets
In the speech 'Monetary policy and the markets: A two-way street' given on 7 September Tito Mboweni of the South African Reserve Bank said central banking has come a long way since the days, not too many years ago, when monetary policy was shrouded in…
Chicago's Moskow on the U.S. economic outlook
In the speech 'U.S. economic outlook' given on 22 August Michael Moskow of the Federal Reserve Bank of Chicago said the FOMC's resolve to achieve price stability and sustainable growth remains certain.
ECB Monthly Bulletin, September 2006
The European Central Bank published its September 2006 Monthly Bulletin on Thursday 7 September. In the report the ECB said it expects to make further increases in interest rates if the euro zone economic recovery continues.
Federal Reserve Board - Beige Book, September 2006
The Federal Reserve published its September 2006 Beige Book survey on 6 September. The U.S. economy grew overall from mid-July to late August, according to the report.
ECB's Weber says 2007 rate outlook open
European Central Bank council member Axel Weber told reporters in Frankfurt late on Tuesday 5 September that eurozone interest rates may have to rise next year.
EU may curb central banks on cross-border deals
EU internal market commissioner Charlie McCreevy wants to curb the power of central banks and national financial supervisory authorities to intervene arbitrarily in cross-border deals, the Financial Times reported Wednesday 6 September.
IMF's Rato sees 5% global growth in 2006
The global economy should maintain its strength this year, with growth likely at around 5 percent, IMF Managing Director Rodrigo Rato said on Tuesday 5 September.
Central Bank of Iceland introduces changes
Organisational changes went into effect at the Central Bank of Iceland on Friday 1 September, including the merger of two departments, the central bank said.
Fed's Poole says US inflation under wraps
U.S. inflation is under control right now and the economy is unlikely to suffer from "cascading weakness," St. Louis Federal Reserve Bank President William Poole said in an interview on Tuesday 5 September.
RBNZ's museum opened Wednesday 6 September
The Reserve Bank of New Zealand announced Wednesday 6 September that its Museum will be officially opened tonight by Peter Hillary, on behalf of Sir Edmund Hillary, the only living New Zealander portrayed on New Zealand's bank notes.
Deputy dogfight in the RBA corral
According to this recent article from The Sydney Morning Herald, two empty boardroom chairs at the Reserve Bank of Australia will present a rare visible sign of tensions between the central bank and Canberra.
RBA's Battellino on retail finance
In the speech 'Developments in Australian retail finance' given on 22 August Ric Battellino of the Reserve Bank of Australia said there were grounds for believing that household finances are in better shape than expected.
SF Fed paper on sovereign debt crises
The Federal Reserve Bank of San Francisco Working Paper "Sovereign debt crises and credit to the private sector" argues that, through its effect on aggregate demand and country risk premia, sovereign debt restructuring can adversely affect the private…
St Louis Fed's Poole on understanding the Fed
In the speech 'Understanding the Fed' given on 31 August William Poole of the Federal Reserve Bank of St. Louis said inflation expectations remain "quite well controlled" but any incoming data suggesting otherwise will prompt an appropriate policy…
Norges Bank paper on inflation targeting
The Norges Bank Working Paper "Flexible inflation targeting and financial stability: Is it enough to stabilise inflation and output?" investigates empirically whether a central bank can promote financial stability by stabilising inflation and output.
BOJ's Mizuno on recent economic developments
In the speech 'Recent financial and economic developments and monetary policy' given on 2 August (published 4 Sep) Atsushi Mizuno of the Bank of Japan said until recently, the greatest challenge for Japan's financial system was to overcome the NPL…
Fed Reserve Bank of St Louis Review, Sep/Oct 2006
The latest edition of the St Louis Fed's Review for Sep/Oct 2006 includes the article 'Do Inflation Targeters Outperform Non-targeters?' The article says ten years of empirical studies of inflation targeting have not uncovered clear evidence that…