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ECB not worried by dollar weakness says Liebscher
The European Central Bank is unperturbed by the dollar's current weakness and may still proceed with an interest rate increase next month, Austrian central bank chief Klaus Liebscher said in a newspaper interview published Tuesday 16 May.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2006 Survey of Professional Forecasters on 15 May. Stronger growth in real GDP this year will come at the expense of weaker growth next year, according to 53 forecasters surveyed.
BoJ's Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 15 May Toshihiko Fukui of the Bank of Japan said completing the process of reducing excess funds in the banking system and raising short-term interest rates are…
Macroeconomic policy challenges conference, Oct 06
The South African Reserve Bank invites you to attend its conference on Macroeconomic Policy Challenges for South Africa to be held from 22 - 24 October 2006.
Banks shift reserves, pressuring the dollar
Central bankers from Stockholm to Dubai, seeking shelter from the falling dollar, may help weaken it further, according to this article published Monday 15 May.
Central banks are overshooters
It is the human condition to overshoot, especially on food and drink. But according to this article published Monday 15 May, central bankers can overshoot with the best of them too.
Framework for independent monetary policy in China
According to this IMF Working Paper, published 15 May, as China's economy becomes more market based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives…
Yilmaz on central bank achievements in Turkey
In the speech 'Central bank achievements and opportunities in Turkey' given on 18 April Durmus Yilmaz of the Central Bank of the Republic of Turkey said turkey has grasped a golden opportunity to get rid of the damage created by inflation with which it…
Sweden's Persson on monetary policy
In the speech 'Monetary policy and the labour market' given on 12 May Kristina Persson of the Sveriges Riksbank said the importance of monetary policy lies not merely in the possibility to influence through temporary changes in the repo rate.
Bangladesh Bank - Annual Report 2004-2005
According to the Bangladesh Bank's Annual Report 2004-2005, during FY05 the Bangladesh economy was confronted with some serious challenges.
RBM to lose 100 staff - report
About 100 people have been earmarked for retrenchment at Reserve Bank of Malawi (RBM) following the central bank's decision to outsource some of its services, The Daily Times reported on its website.
Economist says yuan should be allowed to rise 5%
China has to speed up the pace of yuan appreciation to 5 percent for this year and ease its huge foreign exchange surplus if it wants to keep domestic bank lending under control, government researcher Zhu Baoliang told reporters on Monday 15 May.
Turkmenistan's central bank chief sacked
The Turkmen president on Saturday 13 May sacked the central bank governor on national television, saying he should go and become a teacher, according to Reuters.
BoE's new money market framework
The Bank of England published on Monday 15 May the lists of banks and building societies participating at the launch of its new framework for implementing the Monetary Policy Committee's interest rate decisions.
RBA's Lowe on payments system reforms
In a speech given on 15 May Philip Lowe of the RBA said the changes that we have seen in the payments system to date are in the direction we expected.
How Bernanke's rate hikes could slam China
According to this article published Monday 15 May, China is realising the power of Federal Reserve chairman Ben Bernanke on its way to ruling the global economy.
Euro critical when Issing goes missing?
Sunday 14 May's Frankfurter Allgemeine Sonntagszeitung contained a portrait of ECB chief economist Otmar Issing under the headline "The preacher". Without Issing the euro could weaken considerably, it said.
Bahrain Monetary Agency - Annual Report 2004
According to the Bahrain Monetary Agency's Annual Report 2004, in 2004, the global economy experienced one of its strongest years of growth with overall global economic output rising by 5.1%.
FX reserves, US deficits and global imbalances
This article published Thursday 11 May provides detailed information on foreign reserve holdings. Global reserves continue to mount this year, it says, amid renewed downward pressure on the U.S. dollar and a fresh rise in oil prices.
Comment: Inflation expectations
Ever since Milton Friedman's famous analysis of the "leads and lags" between interest rate changes and price- and output movements in 1961, the need for "forward-looking" monetary policy has been universally accepted.
How bold a move from the ECB?
According to this article published Friday 12 May, a rate increase at the European Central Bank's upcoming meeting is almost certain, with estimates ranging between 25 and 50 basis points.
ECB's Trichet on two successes of the euro
In the speech 'Two successes of the euro: the single monetary policy and European financial integration' given on 11 May Jean-Claude Trichet of the ECB said that the central bank is on high alert over inflationary dangers, is exercising "strong vigilance…
Weber on oil price shocks and monetary policy
In the speech 'Oil price shocks and monetary policy in the euro area' given on 11 May Axel Weber of the Deutsche Bundesbank said the inflationary risks connected with runaway record oil prices are likely to increase as the economic recovery in the…
Shabibi says Iraq's reforms are on track
The governor of the central bank of Iraq said on Thursday 11 May that solid progress was being made in reforming the country's financial sector despite ongoing disruptions and that enough reserves existed to defend the currency.