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Bank of Canada Monetary Policy Report, Apr 2006
The Bank of Canada released its April 2006 Monetary Policy Report on 27 April. The latest report says the Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand.
Fed's Kohn on business capital spending
In the speech 'Business capital spending' given on 27 April Donald Kohn of the Federal Reserve said solid business investment should prevent U.S. economic growth from easing too abruptly as the housing sector slows.
Fed's Bies on enterprise risk management
In the speech 'A bank supervisor's perspective on enterprise risk management' given on 28 April Susan Schmidt Bies of the Federal Reserve said the fast growth in commercial real estate lending by U.S. banks could lead to problems somewhere down the road.
IMF's Krueger announces intention to leave
Anne Krueger, First Deputy Managing Director of the International Monetary Fund, has informed Managing Director Rodrigo de Rato of her intention to leave the Fund at end of her term, which expires on 31 August.
Norway contributes to UN principles on investments
Norges Bank published the document "Principles for Responsible Investment" on Thursday 27 April. The principles were developed by an international group of major institutional investors, on the basis of an initiative by the UN.
Bernanke delivers 'There may come a time' speech
According to this article published on Friday 28 April , Fed chairman Ben Bernanke has given his version of Greenspan's "there may come a time" speech, suggesting the Fed could pause in its campaign to raise rates.
Central Bank of Brazil - Annual Report 2004
According to the Central Bank of Brazil's Annual Report 2004, the Brazilian economy turned in excellent results in 2004.
Comment: April in review
April was a particularly eventful month for the International Monetary Fund. The Fund concluded it "spring meeting" in Washington and published new editions of the Global Financial Stability Report and the World Economic Outlook.
Comment: 'Surprise' rate hike in China
The People's Bank of China yesterday raised its benchmark one-year lending rate to 5.85% from 5.58%. The move surprised analysts who had expected the authorities to stick to a combination of administrative measures and higher reserve requirements for…
China surprises with interest rate rise
The People's Bank of China raised its benchmark interest rate on Thursday 27 April in an unexpected move.
Free trade is king, says BoE chief
Bank of England Governor Mervyn King said on Thursday 27 April that resisting protectionism is the key to prosperity.
Iceland considers joining euro
Iceland could seek to join the euro, according to Prime Minister Halldor Asgrimsson.
Fed's Bernanke on the outlook for the U.S. economy
In testimony 'Outlook for the U.S. economy' given on 27 April Ben Bernanke of the Federal Reserve said that rising energy prices jeopardize a currently strong economy.
Nacha honours Fed vice chairman Roger Ferguson
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger Ferguson, Vice Chairman of the Federal Reserve, who is completing his service to the Federal Reserve and the U.S. payments system on 28…
BoE's new framework for sterling money markets
The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.
Bank of England appoints Chief Legal Adviser
The Bank of England announced on Thursday 27 April that Dame Juliet Wheldon has been appointed Chief Legal Adviser and Adviser to the Governor.
RBNZ leaves OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced on Thursday 27 April that the Official Cash Rate (OCR) will remain at 7.25 per cent.
Federal Reserve Board - Beige Book, April 2006
The Federal Reserve published its April 2006 Beige Book survey on 26 April. U.S. economic activity continued to expand across the country in March and the first half of April, but higher energy prices put pressure on costs, the report said.
Sweden's Ingves on cash management
In the speech 'Cash management - an important social issue' given on 26 April Stefan Ingves of the Sveriges Riksbank said one of the Riksbank's tasks is to promote a safe and efficient payment system.
We hardly knew ye, conundrum; Now you're gone
According to this article published on Thursday 27 April, once Alan Greenspan was no longer around to articulate hypothetical explanations for the long-rate conundrum, it vanished with the former Fed chairman.
Hamas appeals to banks to help end funding crisis
According to this article published on Wednesday 26 April, officials say the Palestinian economy could quickly collapse. The independent Palestine Monetary Authority is holding talks with the central banks of Egypt and Jordan to find a way out, it says.
Croatian National Bank - Annual Report 2004
According to the Croatian National Bank's Annual Report 2004, in 2004 Croatia experienced somewhat slower economic growth than in the preceding two years. At the same time, the country made progress in reducing external imbalances, and inflation remained…
Central Bank of Cyprus - Annual Report 2004
According to the Central Bank of Cyprus's Annual Report 2004, the acceleration in economic activity, particularly domestic demand, led to a current account deficit of 5.8% of GDP in 2004 compared with 3% of GDP in the previous year.
Deutsche Bundesbank Monthly Report, March 2006
The Deutsche Bundesbank published the English version of its March 2006 Monthly Report on 25 April. The report said the EU intensification of excessive budget deficit procedures against the German government is justified.