Economics
ECB's Constancio says rates still low
European Central Bank governing council member Vitor Constancio said Wednesday 4 April that eurozone interest rates are still at historically low levels despite seven ECB rate hikes since December 2005.
BNM's Zeti says inflation downtrend to continue
Malaysia's inflation will continue on the downtrend, with an average of 2 to 2.5 percent, Bank Negara Malaysia's governor Tan Sri Zeti Akhtar Aziz said Wednesday 4 April.
BOJ's Hirano says euro strength not to be G7 topic
Finance ministers and central bankers from the world's richest countries are unlikely to focus on the euro's strength against the dollar and yen next week, former Bank of Japan executive director Eiji Hirano said Tuesday 4 April.
Why Czechs must put Euro on the back-burner
In an interview with the Financial Times, published Tuesday 3 April, the Czech central bank governor warned public finances need to be brought under control if the country wants to join the euro.
SBP's Akhtar says inflation lower
The governor of the State Bank of Pakistan, Dr. Shamshad Akhtar Wednesday 4 April said the monetary tightening policy has yielded positive results, while maintaining that the core inflation has come down significantly.
IMF's Lipsky: reducing risk from global imbalances
In the speech 'Reducing the risk from global imbalances' given on 30 March John Lipsky of the IMF said consumption in China will strengthen as the financial system continues to develop and precautionary savings are reduced.
Bank of Canada - Annual Report 2006
According to the Bank of Canada's Annual Report 2006, over the past year, global economic forces continued to necessitate considerable adjustment across regions and sectors of the Canadian economy.
Canada's Dodge on sound economic policies
In the speech 'Promoting sound economic policies globally and locally' given on 29 March David Dodge of the Bank of Canada said the Americas need an organisation modeled after the Organization of Economic Cooperation and Development, where countries can…
St. Louis Fed's Poole on understanding inflation
In the speech 'Understanding inflation' given on 2 April William Poole of the Federal Reserve Bank of St. Louis said the reputation and credibility of policymakers on the Federal Reserve Board's interest rate setting FOMC are essential to keeping…
Bangladesh DG expects inflation to stay low
Bangladesh Bank's deputy governor said Monday 2 April in an interview he expected that inflation would remain within its projection 6.95 percent despite substantial price hike of fuel oil.
SAMA chief says Gulf states to keep pegs
In the run-up to monetary union in 2010 Gulf Arab states are committed to dollar-pegged exchange rates and will need "exceptional efforts" to meet the deadline, the Saudi central bank chief told reporters on Tuesday 3 April.
Reserve Bank of New Zealand Bulletin, Mar 2007
The Reserve Bank of New Zealand published the March 2007 issue of its Bulletin on 30 March. In the Bulletin the Reserve Bank presents a framework for considering how fiscal policy affects the wider economy, an important issue for monetary policy.
Richmond's Lacker on inflation and unemployment
In the speech 'Inflation and unemployment' given on 29 March Jeffrey Lacker of the Federal Reserve Bank of Richmond focused on inflation expectations and emphasised central banks must not take anything for granted.
St Louis Fed's Regional Economist, April 2007
The St Louis Fed's Regional Economist for April 2007 includes the article 'Growth in Asia spurs oil price increases'. The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for…
Understanding asset prices: an overview
This BIS paper reviews analytical work carried out by central banks that participated at the Autumn Meeting of Central Bank Economists on "Understanding asset prices: determinants and policy implications", which the BIS hosted on 30-31 October 2006.
Fed's Bernanke on the Community Reinvestment Act
In the speech 'The Community Reinvestment Act: Its evolution and new challenges' given on 30 March Ben Bernanke of the Federal Reserve said a U.S. law that requires banks to serve the less affluent has widened access to credit and helped increase home…
PBOC to keep yuan stable, control credit
The People's Bank of China has pledged to keep the yuan stable at a reasonable level and allow market forces to play a fundamental role in setting the exchange rate.
Sarkozy wants `real conversation' with ECB
French presidential candidate Nicolas Sarkozy told reporters Monday 2 April he wants a "real conversation" with the European Central Bank on monetary policy, seeking a weaker euro currency to increase competitiveness.
Norway's Gjedrem on the economic outlook
In the speech 'The economic outlook - address to diplomats' given on 22 March Svein Gjedrem of Norges Bank said the bank would continue to tighten monetary policy and that interest rates would rise in the short term.
Cleveland Fed's Pianalto on national currencies
In the speech 'The internationalization of national currencies' given on 27 March Sandra Pianalto of the Federal Reserve Bank of Cleveland said the United States benefits from the fact that a large share of world currency reserves is held in dollars.
Prepare for Chinese economic change
According to this article by Stephen Roach, published by MoneyWeek on Friday 30 March, China has no choice but to continue monetary tightening as it tries to bring its rapidly growing and unbalanced economy under control.
Two new members join PBOC committee
A senior official from the State Council and the chairman of the Bank of Communications have been appointed new members to the central bank's 13-member monetary policy committee, Shanghai Securities News reported Friday 30 March.
Bahrain's boom will continue says cb chief
Bahrain's economic boom is set to continue, boosted by economic and political reform and higher oil prices, Central Bank of Bahrain governor Rasheed Al Maraj said Thursday 29 March.
Canada's Dodge: Hostility and resentment greet IMF
The troubles in the U.S. housing sector could delay recovery and have "huge consequences" for Canada's economy, Bank of Canada governor David Dodge said Thursday 29 March.