Economics
Bernanke on US gains from Mexico trade ties
Federal Reserve chairman Ben Bernanke says United States has benefited immensely from its strong trade links to Mexico
Fitch ups Iceland default rating outlook to stable
Rating agency Fitch affirms Iceland rating; revises outlooks to stable from negative
Egypt asks IMF for loan
IMF announces Egypt has requested a loan of $10 billion-12 billion
Bernanke to make motion picture debut in “Too big to fail” film
New film chronicles the months leading up to Lehman Brothers’ collapse in 2008; centres on treasury secretary Henry Paulson
ECB Monthly Bulletin - May 2011
European Central Bank report highlights the need for structural reform
Thai governor becomes latest to attack IMF capital controls framework
Bank of Thailand governor Prasarn Trairatvorakul’s criticisms of IMF framework on capital controls come after similar comments from Brazilian, Indian officials
‘No reason’ to think trend growth has dipped: BoE’s King
But governor acknowledges impossible to know whether crisis will have long-term impact on sustainable growth rate
BoE’s Haldane calls for policy action on short-termism
Bank of England’s Andrew Haldane says public policy intervention may be needed to correct capital market myopia
Yellen defends IMF proposals on capital controls
Federal Reserve vice-chair takes Fund line on framework to tackle capital inflows; follows criticism of framework from Indian, Brazilian officials
Bheenick wards off pressure to intervene in foreign currency markets
Bank of Mauritius governor Rundheersing Bheenick says central bank will not intervene in markets to artificially depreciate rupee
China set to sign currency swap with Mongolia
Bank of Mongolia to sign currency swap agreement with People’s Bank of China; deal will mark Beijing’s tenth such deal in less than three years
Kenya’s Ndung’u on financial sector deepening
Central Bank of Kenya governor Njuguna Ndung’u outlines measures to promote Kenya’s financial services sector
UK must press ahead with fiscal cuts: panel
Panellists at Fathom Monetary Policy Forum present gloomy view on UK economy; former Bank deputy questions wisdom of cutbacks, but says it’s too late to turn back
Economy on road to recovery: Sri Lanka’s Ranasinghe
Central Bank of Sri Lanka chief economist KD Ranasinghe says GDP growth in Sri Lanka more than doubled during 2010
Euro area SME external financing improves: ECB survey
European Central Bank survey on small and medium-sized enterprises shows moderate improvement in access to external finance in euro area
IT outsourcing services aid recovery: Central Bank of Philippines survey
Central Bank of the Philippines survey finds growth in IT-enabled services picked up in 2009
China to broaden cross-border renminbi trade settlement
People’s Bank of China director of monetary policy Li Bo says central bank plans to expand pilot for cross-border renminbi trade to more regions on the mainland
Italy’s Visco on government reforms
Bank of Italy deputy director-general Ignazio Visco urges government to take necessary steps to reduce public deficit
Greece’s Provopoulos urges step up in public reforms
Bank of Greece governor George Provopoulos calls for government to boost Greek reform policies
Uncertainty over supply constraints: BoJ’s Nishimura
Bank of Japan deputy governor Kiyohiko Nishimura says central bank unsure when supply constraints will fade
Ethiopia’s Atnafu calls IMF to sharpen focus on LICs
National Bank of Ethiopia governor Teklewold Atnafu calls for Fund to scale up resources in lower-income countries
Capital constraints limits firm productivity: BoE paper
Bank of England study shows recession in United Kingdom limited firms’ ability to finance production costs
Japan’s Shirakawa says supply constraint can be overcome
Bank of Japan governor Masaaki Shirakawa says Japan could return to recovery this year once supply constraints were addressed
RBA's Stevens on China's expansion
Reserve Bank of Australia governor Glenn Stevens says he expects China's growth to continue to eclipse other emerging economies