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Bank of England's Lambert to leave MPC
Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.
BoJ's Nakahara warns of deflation return
A Bank of Japan policy board member warned on Thursday 23 March that the BoJ is unlikely to need to tighten credit soon and should instead watch for renewed deflation.
SARB's Quarterly Bulletin, March 2006
The South African Reserve Bank published its March 2006 Quarterly Bulletin on 23 March. According to the latest Bulletin, a relatively benign international economic environment contributed to the improved prospects facing the South African economy in…
Chicago Fed National Activity Index, February 06
The Chicago Fed National Activity Index for February 2006, published 22 March, was +0.32 in February, up from +0.28 in January.
An evaluation of World Economic Outlook forecasts
This IMF Working Paper, published March 2006, reviews the performance of its World Economic Outlook forecasts against both actual outcomes and alternative forecasts.
Boston Fed's Minehan on the US economy
In a speech given on 20 March Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. economy is likely to continue to grow solidly this year, despite risks of a slowdown in the housing sector and higher inflation.
Inflation targeting and inflation expectations
The San Francisco Fed Working Paper "Does inflation targeting anchor long-run inflation expectations? Evidence from long-term bond yields in the U.S., U.K., and Sweden" published March 2006 investigates the extent to which inflation targeting helps…
Monetary Authority of Macau - Annual Report 2004
According to the Monetary Authority of Macau's Annual Report 2004, 2004 was a year of harvest in Macau, with its whole-year economic performance increased by an influx of visitors, strong gains in gaming receipts and increased private and public…
Bank of England Inflation Attitudes Survey, Feb 06
The Bank of England published its February 2006 Inflation Attitudes Survey on Monday. Inflation expectations in the UK have risen to levels not seen in over two years, the Survey said.
Inflation targeting arrangements in Asia
The SCAPE Working Paper "Inflation targeting arrangements in Asia: Exploring the role of the exchange rate" presents an analysis of some of the issues relevant to Asian central banks implementing an inflation targeting arrangement with specific focus on…
Bank of Mongolia - Annual Report 2004
According to the Bank of Mongolia's Annual Report 2004, preliminary estimates of real economic growth showed 10.6 percent. Thus, the basis for the further successful development of Mongolia was established.
Bernanke qualifies message in the yield curve
According to this article published Wednesday 22 March, Fed chairman Ben Bernanke would not have been pleased with the press reports which followed his address to the Economic Club of New York on Monday night.
Canada may lower inflation target
David Dodge, governor of the Bank of Canada, said Tuesday 21 March that it could be time to lower the BoC's two percent inflation target.
Argentine central bank to increase oversight
Argentina's central bank intends to step up oversight over foreign exchange trading, according to a report.
Park Seung says BOK needs more independence
Outgoing Bank of Korea governor Park Seung said on Tuesday 21 March the central bank has gained a greater level of independence during his reign but more still needs to be done.
Comment: The 'yield conundrum' revisited
Fed chairman, Ben Bernanke, made it clear in a speech earlier this week that he is no closer than his predecessor, Alan Greenspan, to making sense of the 'yield conundrum'.
Fazio could face extra charges - report
According to a report by Il Sole 24 Ore, Milan prosecutors have gathered together enough evidence to charge the former governor of Banca d'Italia, Antonio Fazio, with market-rigging.
Bank of England voted 8-1 to hold rates
Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
RBNZ's Orr on financial stability in New Zealand
In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.
BoE's Barker on cost pressures and UK inflation
In a speech given on 21 March Kate Barker of the Bank of England said the central bank should refrain from paring its benchmark interest rate as inflation accelerates.
BoJ's Fukui on the conduct of monetary policy
In the speech 'New framework for the conduct of monetary policy: Toward achieving sustainable economic growth with price stability' given on 16 March Toshihiko Fukui of the Bank of Japan said monetary policy that is too accommodative could eventually…
Comment: Relaxing capital constraints
Indian policymakers surprised analysts and market participants alike this week by announcing their intention to ease capital restrictions and make the rupee fully convertible. The Indian experience with capital and exchange rate liberalisation bears some…
New BOK chief to be named this week
This article published on Tuesday 21 March looks at the changes that will be seen in the Bank of Korea's ranks soon. As well as a new governor, there will also be a significant change in the line-up of the bank's seven-member monetary policy committee,…