Central Banking
Scale of subprime unknowable until 2008: Weber
Axel Weber, the president of the Bundesbank, said on Tuesday that the extent of the subprime crisis will remain unknown until at least the end of 2007.
Gono set to put shopping "anarchy" right
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, said that the central bank would soon correct the "anarchy" that erupted after the government ordered retailers to cut prices in June.
Polish governor was sole dissenter on rate vote
Slawomir Skrzypek, the governor of the National Bank of Poland, was the only member of the monetary policy council to vote against the decision to raise the benchmark interest rate to 4.75% in August.
Bank of England reports on the crisis
The Bank of England has acknowledged that the recent banking crisis has revealed that the UK's financial authorities need to strengthen their crisis management arrangements.
Curacao needs reform for an ongoing recovery
Curacao, an island in the Caribbean belonging to the Netherland Antilles, must introduce fiscal and structural reforms if its recent economic recovery is to continue, Emsley Tromp, the governor of the Bank of the Netherlands Antilles, said.
Bank of Thailand - Annual Report 2006
Thailand's economic growth accelerated slightly in 2006. The agriculture industry performed particularly well, with farming income rising by 30.3%.
Commission's data on euro-area inflation misleads
The balance statistic, used by the European Commission to gauge inflation perceptions, is a poor measure of actual inflation, research published by the Bank of Portugal finds.
Policy solutions to crime and joblessness compared
Need to lower unemployment and crime? Then, according to the Cleveland Federal Reserve, the best policy is to introduce wage subsidies.
Georgian central bank dismisses abolition claims
The National Bank of Georgia said on Monday that rumours in the local media that the central bank was to close because it was on the verge of bankruptcy are groundless.
Fed signals support for superfund
A Federal Reserve official has said that the proposed $75 billion mortgage-securities superfund will help investors and credit markets.
Dodge's comments lead to temporary loonie fall
The Canadian dollar fell against its US counterpart on Monday, after David Dodge, the governor of the Bank of Canada, said that domestic conditions were unrelated to the loonie's recent "abnormally quick" rise against the greenback.
Kenyan central bank set to monitor telecoms IPO
The Kenyan government has handed the Central Bank of Kenya the task of ensuring that the initial public offering (IPO) of Safaricom, the country's leading mobile phone firm, does not adversely impact the financial system.
Vietnam government calls on CB to stabilise dong
Nguyen Sinh Hung, Vietnam's deputy prime minister, has asked the State Bank of Vietnam to stabilise the value of the dong currency against the dollar.
Better tax rules would aid Italian growth: Draghi
Less tax for labour and firms would boost the potential growth rate of the economy, Mario Draghi, the governor of the Bank of Italy, told an audience in Rome.
Inflation expectations firmer in euro area than US
Long-run inflation expectations are anchored more firmly in the euro-area than in the US, according to research published by the Centre for Economic Policy Research.
Bank of Portugal - Annual Report 2006
Buoyed by exports and improvements in the labour market, Portugal's economic performance in 2006 was an improvement on recent years.
Educating consumers pays, says Serbia's Jelasic
Financial institutions should be aware that it is in their best medium and long-term interest to make information about their products transparent, accessible and understandable, said Radovan Jelasic, the governor of the National Bank of Serbia.
Define your mission, Paulson advises IMF and Bank
Hank Paulson, the US Treasury Secretary, said that international financial institutions need to better define their core missions, and align staff and other resources accordingly, if they are to remain relevant.
De Rato's final speech presents gloomy outlook
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, said on Monday that the recent banking crisis has exposed weaknesses and will hamper growth in the coming years.
China fights back over G7 currency criticisms
Wu Xiaoling, the deputy governor of the People's Bank of China, said the country's current policy on the appreciation of the renminbi was a responsible one despite claims to the contrary by the world's leading finance ministers.
Superfund will hamper pricing, Greenspan warns
Alan Greenspan, the former chairman of the Federal Reserve, has said that the $75 billion mortgage securities superfund, backed by Citigroup, JP Morgan Chase and Bank of America, could do more harm than good.
IMF and World Bank issue joint action plan
The International Monetary Fund and the World Bank said on Friday that they are to launch a joint action management plan.
Strong dollar message "very important": Trichet
Jean-Claude Trichet, the president of the European Central Bank, said it was "very important" that the US underlined its message that a strong dollar was in the US national interest.
EMU leads to bond-market convergence
Economic and monetary union in Europe has led to substantial convergence in euro-area sovereign bond markets, according to research published by the San Francisco Federal Reserve.