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Full rupee float 'not earlier than 2009'
India's Finance Minister Palaniappan Chidambaram does not expect the rupee to become fully convertible before 2009, he said in an interview with Singapore's Straits Times published on Friday 7 April.
Trichet leaves ECB's monetary moves in doubt
According to this article published on Friday 7 April, a burst of candor from European Central Bank President Jean-Claude Trichet has left analysts reassessing the timetable for future ECB monetary policy moves. That reassessment may not have gone far…
Yuan compromise?
According to this article by Lawrence Lindsey, published on Thursday 6 April, President Bush and Chinese President Hu Jintao will have a lot to talk about at their meeting in Washington later this month. The central economic question will be the proper…
Perspectives on low global interest rates
This IMF Working Paper, published March 2006, looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend.
Basel Committee seeks comments
The Basel Committee on Banking Supervision on Thursday 6 April issued for public comment updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook and the current account deficit' given on 6 April Michael Moskow of the Federal Reserve Bank of Chicago said the U.S. economic outlook looks good for the next couple of years, with growth self-sustaining and inflation…
Bank of Ghana - Annual Report 2004
According to the Bank of Ghana's Annual Report 2004, the Ghanaian economy made a considerable degree of progress in 2004.
Korea to get 3 new BOK board members
With new Bank of Korea Governor Lee Seong-tae showing himself to be somewhat more hawkish than his predecessor, this article published Thursday 6 April says that the focus has now shifted to three other appointments to be announced to the policy-making…
Trichet says markets misread ECB rate stance
European Central Bank president Jean-Claude Trichet said Thursday 6 April that eurozone governments need to use the current economic upturn to cut their budget deficits faster.
Dispute over Bundesbank board plans - report
A dispute has arisen between the German government and the governments of the individual German states over plans to reduce the management board of Deutsche Bundesbank, the German central bank, Die Welt reported.
Ex-BoJ's Taya sees one rate rise by year-end
The Bank of Japan is expected to raise interest rates once by the end of the year and twice in 2007, a former board member said on Thursday 6 April.
RBNZ report on supplementary tools
The Reserve Bank of New Zealand and the Treasury on Thursday 6 April released a joint report on possible additional instruments to supplement the role of interest rates in managing demand pressures and inflation.
Bank Indonesia - Annual Report 2004
According to Bank Indonesia's Annual Report 2004, the year 2004 witnessed the Indonesian economy's continued momentum of solid expansion, even surpassing the forecast at the beginning of year.
Rato on the IMF and global imbalances
In the speech 'How the IMF can help promote a collaborative solution to global imbalances' given on 4 April Rodrigo de Rato of the IMF proposed a multilateral forum where developing and industrialized nations can address ways to rebalance the global…
Gulf states buy euros with their reserves
According to this article published on Wednesday 5 April, a diversification of Middle East reserves could have a negative impact on Washington's ability to finance its debt.
'Dissolving' Fed secrecy
According to this article published on Wednesday 5 April, in 2000, when Wall Street's bubble burst, Federal Reserve Chairman Alan Greenspan and other Fed officials revealed in their meetings plenty of concern about just where things might be headed.
Kroszner on geographic restrictions on banking
In the speech 'The effect of removing geographic restrictions on banking in the United States: Lessons for Europe' given on 6 April Randall Kroszner of the Federal Reserve said the U.S. experience with the change in its banking structure holds…
Ingves on the inflation target and monetary policy
In the speech 'The inflation target and monetary policy' given on 4 April Stefan Ingves of the Sveriges Riksbank said there has been a gradual development in our reasoning on monetary policy.
Chicago's Moskow on central counterparty clearing
In the speech 'Public policy and central counterparty clearing' given on 4 April Michael Moskow of the Federal Reserve Bank of Chicago said new clearing arrangements are emerging all the time.
Feds Hoenig says 'close to where we need to be'
Interest rates are very close to appropriate levels after 15 straight meetings with quarter-point rate hikes, said Thomas Hoenig, the Kansas City Fed president.