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PBOC economist says 2006 GDP at least 9%
China's gross domestic product (GDP) will rise at least nine pct this year and the consumer price index (CPI) is likely to rise more than two pct, the official China Securities Journal reported, citing a central bank economist.
IMF given new surveillance powers
The International Monetary Fund has won new powers after its 184 member countries supported a new framework to monitor how the economic policies of one country affect others.
Fed's Ferguson warns over shock potential
U.S. Federal Reserve Vice Chairman Roger Ferguson on Saturday 22 April cautioned that the tranquillity of financial markets in recent years does not mean that they were not vulnerable to more severe shocks.
Mario Draghi to succeed Roger Ferguson at FSF
Following consultations within the Financial Stability Forum's (FSF) membership, the G7 Finance Ministers and central bank Governors on Monday 24 April confirmed their support for the designation of Mario Draghi as Chairman of the FSF.
Language: Breaking the code of the Fed
This article published on Monday 24 April sets out to decipher the language of the Federal Reserve System, otherwise known as the House of Hints, it says.
Capital accord or capital discord?
According to this recent article, preparations for the new capital accord continue but there are growing fears among bankers and their supervisors that its inconsistent implementation around the world will cause problems.
Reserve Bank of New Zealand Bulletin, March 2006
The Reserve Bank of New Zealand has published the March 2006 issue of its Bulletin. The latest issue includes the article 'Changes in the inflation process in New Zealand'.
SARB launch Vision 2010 for payment system
The South African Reserve Bank (SARB) on Thursday 20 April launched a document containing strategic guidelines for the national payment system.
Statement by G7 after Washington meeting
The following is the full text of a statement and an annex issued on Friday 21 April by the finance ministers and central bank governors of the Group of Seven nations after their one-day meeting in Washington.
Philadelphia Fed Business Outlook Survey, Apr 2006
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, April 2006, activity in the region's manufacturing sector continues to expand.
Does the euro zone really need political union?
Seven years after the launch of the euro, this article published on Friday 21 April asks how much political union is needed to make monetary union work more effectively?
Central Bank of Chile - Annual Report 2004
According to the Deutsche Bundesbank's Annual Report 2005, sustained monetary impulse and a favorable external environment during the first half of 2004 created an expansionary macroeconomic climate, but initially this was not clearly reflected in…
Padoa-Schioppa 'serious' candidate for econ min
Romano Prodi, Italy's election winner, said on Friday 21 April that former European Central Bank board member Tommaso Padoa-Schioppa was a "serious" candidate to become his economy minister, but that nothing had been decided yet.
MEPs criticise ECB appointment
Following the approval of Jurgen Stark's nomination to the ECB's board by the European Parliament's Economic and Monetary Affairs Committee on Wednesday 19 April, some centre-left MEPs have criticised the go-ahead.
BoJ overpays on travel expenses
The Bank of Japan has paid overstated amounts of domestic travel expenses claimed by some of its personnel and has been told by the Board of Audit of Japan to correct the problem, Jiji Press reported Thursday 20 April.
Comment: Sweden sheds reserve dollars
The Swedish Riksbank dropped a bit of a bombshell on international currency markets on Friday 21 April by announcing a significant reduction in the share of dollars and yen in its foreign reserves portfolio. Although Sweden has a relatively small…
Reserve diversification
Sweden's central bank is the world's oldest, and according to this article published on Friday 21 April, it is also proving to be among the most proactive in managing its foreign exchange reserves.
Bank of Canada, Business Outlook Survey, Spring 06
The Bank of Canada published its Spring 2006 Business Outlook Survey on 17 April, saying businesses are positive about the economic outlook.
Reshaping the IMF - Not even a cat to rescue
This article published Thursday 20 April reports that the International Monetary Fund's budget is shrinking and the morale of its staff is sinking. Some of its best customers are now doing without it, leaving some of its biggest shareholders wondering…
Philadelphia Fed Business Outlook Survey, Mar 2006
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2006, activity in the region's manufacturing sector continues to grow in March.
No Nixon moment on China's currency
According to this article published on Friday 21 April, for the second time in less than a year Asia's No. 2 economy outmaneuvered the world's biggest on the yuan.
Interview with Fed's Roger Ferguson
In an interview published on Friday 21 April, Federal Reserve Vice Chairman Roger Ferguson said if there were a sense that the economy was at great risk, he would not want to leave the Fed.
Riksbank changes currency allocation
Sweden's Riksbank announced on Friday 21 April that it has reallocated the currency holdings in the bank's foreign currency reserves. The changes include a move away from US dollar holdings in favour of euros.
Bernanke on community economic development
In the speech 'By the numbers: Data and measurement in community economic development' given on 20 April Ben Bernanke of the Federal Reserve said more and better data about low-income communities are needed to advance development in those areas.