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RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
Rato: Economic impact of oil may not remain benign
IMF managing director Rodrigo Rato said in an article that there is a risk that the economic impact of high oil prices may not continue to be as benign as it has been up to now.
RBNZ increases OCR to 7 per cent
The Reserve Bank of New Zealand increased the Official Cash Rate (OCR) by 25 basis points to 7.00 per cent on Thursday. RBNZ governor Alan Bollard said medium term inflation risks remain strong.
Gjedrem on Norway and the UK
In the speech 'Norway and the UK' given on 26 October Svein Gjedrem of Norges Bank said that inspired by the Bank of England, Norges Bank last year finalised a large project on historical monetary statistics for Norway, spanning 500 years of price…
Federal Reserve Bulletin, Summer 2005
According to the Federal Reserve's Bulletin for Summer 2005, the U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further rise in crude oil prices.
Chicago Fed National Activity Index, September 05
The Chicago Fed National Activity Index for September 2005 was -0.71 down from -0.09 in August. Two of the four broad categories of indicators that make up the index - production and employment - made negative contributions.
Greenspan on the Council of Economic Advisers
In a speech given on 26 October Alan Greenspan of the Federal Reserve praised the advice provided to presidents by the Council of Economic Advisers.
Legal aspects of European System of Central Banks
The European Central Bank published a book on Wednesday 26 October . The book contains a collection of articles on the European Union and the ESCB, the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial…
Comment: Braced for a bumpy ride
The Bank of England, along with central banks in several other developed countries, has enjoyed fairly benign conditions in recent years. Inflation pressures have been relatively low, avoiding the need for the Bank to make the tough choice between output…
BoE's King sees bumpy ride ahead for UK economy
Bank of England governor Mervyn King said on Tuesday 25 October that the UK economy faces increased volatility in the next few years than has been experienced recently.
Missing ingredient in BOK
According to this article published on Wednesday 26 October, although the Bank of Korea's interest rate policy is supposed to be as powerful as the Fed's, few still believe that the BOK operates its monetary policy independently from the government.
ECB's Weber says inflation risk 'noticeably' up
European Central Bank Governing Council member and Bundesbank President Axel Weber said upward risk for euro area price stability has grown "noticeably", with inflation expected "with sufficient certainty" not to duck below 2% by the end of next year.
Dodge sees 'high degree of liquidity' in market
Canadian interest rates are low enough to allow substantial liquidity on domestic financial markets, Bank of Canada Governor David Dodge told the House of Commons finance committee on Tuesday 25 October.
PBOC clarifies vice governor's remarks
The People's Bank of China (PBOC) said the yuan exchange rate will not keep on appreciating indefinitely, clarifying an earlier media report that quoted central bank vice governor Wu Xiaoling as saying that the yuan will further rise.
Bank of Canada Fixed Income Markets conference
The Financial Markets Department of the Bank of Canada has announced it will host a conference on Fixed Income Markets to be held at the Bank of Canada on 3 and 4 May, 2006.
NY Fed's Geithner on the US and global economy
In the speech 'U.S. and the global economy' given on 19 October Timothy Geithner of the Federal Reserve Bank of New York said global imbalances present a threat to the world economy and should be addressed.
Fed's Guynn on the unknowns of a changing economy
In the speech 'Resolving the unknowns of a changing economy' given on 20 October Jack Guynn of the Federal Reserve Bank of Atlanta said it was appropriate for the Fed to continue to raise interest rates to a "neutral" level and this would help keep…
Sveriges Riksbank Inflation Report, No. 3, 2005
Sweden's central bank, the Sveriges Riksbank, has published its Third Inflation Report for 2005. Most indications are now that the slowdown in growth at the beginning of the year was temporary both in Sweden and abroad, the report said.
Dodge on Canada's economy
In a speech to the House of Commons Standing Committee on Finance given on 25 October David Dodge of the Bank of Canada said past and recent movements in energy prices and in the exchange rate for the Canadian dollar are giving rise to significant…
Albania's Fullani on inflation targeting practice
In the speech 'Inflation targeting in practice' given on 10 October Ardian Fullani of the Bank of Albania said the fact that we have been successful in controlling inflation during the last years holds true.
Comment: 'Ideas guy' takes the reins
The nomination of Ben Bernanke to be the fourteenth Federal Reserve chairman has been met in academic and policymaking circles with warm applause. Bernanke, quite simply, was the candidate the market wanted.
Poland plans referendum on euro entry
Poland should "definitely" hold a referendum before it adopts the euro, President-elect Lech Kaczynski told foreign journalists Monday 24 October.
Estonia's Ansip sees faster growth from euro entry
Estonian Prime Minister Andrus Ansip said adopting the euro in 2007 will add 1 percentage point a year to economic growth, increase foreign investment and also boost tourism.
China forex reserves expected to surpass Japan's
China's forex reserves are expected to surpass Japan's this year as strong fund inflows and a burgeoning trade surplus make it the world's largest holder of foreign currency, state press reported.