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Forecasting ECB monetary policy accuracy
The ECB Working Paper 'Forecasting ECB monetary policy accuracy is (still) a matter of geography' uses a database of surveys of professional ECB policy forecasters in 24 countries, the authors find remarkable differences in forecast accuracy, and show…
Central Bank of Yemen - Annual Report 2004
According to the Central Bank of Yemen's Annual Report 2004, real economic growth strengthened from 3.9% in 2002 to 4.2% in 2003.
ECB's Trichet on European financial integration
In the speech 'The process of European financial integration: where do we stand?' given on 13 January Jean-Claude Trichet of the ECB said as regards the further integration of securities (i.e. bonds and equity) markets, a prominent role should be…
Former Fed governors expect change
According to the article "As Bernanke era begins, former Fed governors expect change" published Wednesday 11 January, Ben Bernanke will arrive at the Fed without the clout either of his predecessors carried on Wall Street or in Washington. Only time will…
Sweden's Rosenberg on monetary policy and economy
In the speech 'Monetary policy and the economy' given on 13 January Irma Rosenberg of the Sveriges Riksbank said the Swedish economy is growing stronger than expected in the last Inflation Report published in early December.
Comment:Euro area central banks begin to modernise
Central banks are busy modernizing themselves - indeed, it has become an important element in building credibility. That process almost always involves staff cuts.
Rato suggests greater autonomy for Brazil cb
Even after Brazil paid off its debt with the International Monetary Fund, their partnership will remain, according to IMF Managing Director, Rodrigo de Rato.
BOK vows intervention to stabilise won
The government and the Bank of Korea will make significant efforts to stabilise the Korean economy, according to Korea's top economic official.
NY Fed to hold credit derivatives meeting
The Federal Reserve Bank of New York has scheduled a meeting on 16 February, to follow up on issues and major developments in the credit derivatives markets since its 15 September 2005, meeting.
China: No plan to sell dollar assets, buy oil
China has no plan to sell off its US dollar assets, the head of the People's Bank of China, Zhou Xiaochuan, was quoted as saying in the official Shanghai Securities News.
Dallas Fed launches new publication
The Federal Reserve Bank of Dallas has launched 'Economic Letter,' a monthly publication, that will provide commentary on important trends and policy issues shaping the increasingly global economy.
Alan Greenspan - Monetary myopia
The accolades bestowed upon Alan Greenspan ahead of his retirement on January 31st have a strong whiff of irrational exuberance, according to this article published on Thursday 12 January. "Does he really deserve such uniform praise?" it asks.
Eurosystem central bank staff cuts gather pace
The number of central bankers in the eurosystem stands at 49,559, a fall of 5.3% or 7,237 staff since one year ago, and 11.9% lower than when the euro was launched in 1999, reveals the 2006 edition of Central Banking Publications' Central Bank Directory.
Enough said, Mr. Park
This Editorial published on Friday 13 January urges Bank of Korea Governor Park Seung not to cause any more losses to the country through his verbal mistakes. Following comments made Thursday by Mr Park, the won surged immediately, causing a big…
China's conundrum tops Greenspan's riddle
According to this article published on Friday 13 January, China's ascent will become more apparent than ever this year, establishing the nation's status as a superpower and sending new reverberations through the global economic order.
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook' given on 12 January Michael Moskow of the Federal Reserve Bank of Chicago called for more rate hikes to snuff out any potential for higher inflation at a time U.S. economic growth is on a "self-sustaining" track.
Kennedy on Canada's monetary policy framework
In the speech 'Canada's monetary policy framework: Dealing with global economic change' given on 12 January Sheryl Kennedy of the Bank of Canada said the effects of rising energy prices are still working through the Canadian economy, as are other factors…
Bank of Zambia - Annual Report 2004
The Bank of Zambia's Annual Report 2004 says that the performance of the Zambian economy was impressive, with a growth rate of 5% GDP.
Lull in hostile criticisms from politicians
The New Year seems to have started on an unusually harmonious note as far as relations between central banks and politicians are concerned. With policy interest rates on hold in the UK and euro areas, and perhaps soon to reach a plateau in the US,…
Serbia's National Bank vice-governor arrested
Serbian police have arrested the vice-governor of Serbia's National Bank, Dejan Simic, on suspicion of taking bribes, Mina news agency reported.
Unipol considers appeal
The European Commission said it has not yet received a reply from the Italian authorities regarding its legal action against Italy over the involvement of its central bank in the takeover battle for Banca Antonveneta SpA. And Unipol was reported to be…
Japan economy minister says leave BOJ alone
Japan's economic and financial services minister, in an interview with the FT, called on senior government officials to stop hassling the Bank of Japan over its monetary policy.
Venezuela sees reserves up by 25 percent
Venezuela closed the 2005 fiscal year with foreign reserves above US$ 30.3 billion, the third highest in Latin America, according to a report authored by Aristimuo Herrera & Asociados.
Trichet says ECB's message well understood
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 January that market expectations for further interest rate hikes show that the ECB's position has been well understood.