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Comment: US 'break-even' inflation
News of a sudden increase in inflation fears has made headlines in recent weeks. In the case of the US, some have linked this to idea that new Fed chairman, Ben Bernanke, is perceived as being too soft on inflation. What do the most recent estimates of…
New MPC member set for grilling
The newest member of the Bank of England's Monetary Policy Committee is likely to face some tough questions when he faces MPs for his "confirmation" hearing on Wednesday 24 May, the FT reported.
Bernanke regrets 'lapse of judgment'
Federal Reserve chairman Ben Bernanke said Tuesday 23 May during a Senate Banking Committee hearing that he suffered a "lapse of judgment" when he spoke to a CNBC reporter recently.
BOJ's Fukui sees rates rising slowly - report
The Bank of Japan will raise interest rates gradually to keep inflation under control while also giving the economy time to recover, the Nihon Keizai Shimbun quoted BOJ governor Toshihiko Fukui as saying in an interview published Tuesday 23 May.
Mersch says ECB will have to lift rates further
European Central Bank Governing Council member Yves Mersch said in an interview that eurozone interest rates will need to keep rising because of increased risks to price stability but that there was no fixed schedule.
African central bank sells gold
A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman was quoted by Reuters as saying on Monday 22 May, confirming a newspaper report.
Hoenig warns on rate overshoot - report
The Federal Reserve must guard against raising interest rates too high, Kansas City Federal Reserve President Tom Hoenig said Friday 19 May in an interview with the Wall Street Journal's Greg Ip.
Geithner on financial supervision and regulation
In the speech 'Principles to guide the future evolution of financial supervision and regulation' given on 19 May Timothy Geithner of the Federal Reserve Bank of New York said US financial institutions need to examine "the frontier of risk" to make sure…
ECB's Issing on globalisation, emu and the euro
In the speech "Globalisation, emu and the euro" given on 22 May Otmar Issing of the ECB said reductions in fiscal deficits by eurozone countries actually boost growth in those economies, rather than weighing on economic activity.
Bank of Japan Monthly Report, May 2006
The Bank of Japan published the English version of its May 2006 monthly report on Tuesday 23 May. In the report the BOJ left its economic assessment unchanged, but reiterated that the economy is recovering steadily.
OECD Economic Outlook, May 2006
The Organisation for Economic Co-operation and Development published its Economic Outlook report for May 2006 on 23 May. In the report the OECD said the European Central Bank should only raise interest rates gradually, once there is clear evidence that…
Central Bank of Armenia - Annual Report 2004
According to the Central Bank of Armenia's Annual Report 2004, during 2004, key macroeconomic indicators, such as components of aggregate supply and demand, deviated considerably from projected levels.
Deutsche Bundesbank Monthly Report, April 2006
The Deutsche Bundesbank published the English version of its April 2006 Monthly Report on 22 May. The report said booming exports are expected to continue to drive Germany's economic improvement.
Qatar appoints Lord Woolf to regulatory tribunal
Lord Woolf, formerly Lord Chief Justice, is to be appointed as the senior judge for Qatar's new financial centre. He will become the first President of the Qatar Financial Centre (QFC) Tribunal, which he will help establish, and he will preside over…
Comment: Issing's parting shot
In his final speech before stepping down as chief economist and member of the executive board of the ECB, Otmar Issing yesterday said the adoption of the euro has prevented damaging currency speculation. He also admitted that he was somewhat of a "euro…
PBOC says China to boost yuan flexibility in 06
China will boost the flexibility of the yuan this year, the central bank said in its annual report published in the China Securities Journal over the weekend.
Rato says more Fed hikes may be needed
International Monetary Fund chief Rodrigo Rato said on Monday 22 May that the Federal Reserve may need to continue raising interest rates depending upon how US economic conditions evolve.
Roach urges new monetary policy approach
In comments published on Monday 22 May, Stephen Roach of Morgan Stanley said he is worried that central banking's recent record will not be judged kindly by history.
BoE's Nickell sees UK inflation checked
Spare capacity in the UK economy will help lower inflationary pressures, and will keep inflation below the Bank of England's target, according to outgoing Bank of England Monetary Policy Committee member, Steve Nickell.
ECB wants action on reform agenda - Trichet
European Central Bank president Jean-Claude Trichet on Monday 22 May called on the EU to implement its structural reform programme which has been revamped.
Greenspan says housing bubble over
Former Federal Reserve chairman Alan Greenspan said Thursday 18 May, in his first public U.S. speech since retiring in January, that US consumption could fall now that the US housing market's "extraordinary boom" has ended.
ECB's Trichet on structural reforms in Europe
In the speech 'Structural reforms in Europe' given on 22 May Jean-Claude Trichet of the ECB said the European Union is undergoing an important process of reforms of its socio-economic model so as to adapt it to future challenges.
RBNZ Financial Stability Report, May 2006
The Reserve Bank of New Zealand published its May 2006 Financial Stability Report on 19 May. RBNZ governor Alan Bollard said that New Zealand's financial system is well placed to weather the slowdown in the economy.
BoE's Walton on a shift in the balance of risks
In the speech 'A shift in the balance of risks' given on 18 May David Walton of the Bank of England said listed five main reasons why the upside risks had emerged and necessitated an immediate quarter point increase in the central bank's key rate to 4.75…