Central Banking
Saudi Arabia - Annual Report 2006/07
Real GDP rose by 4.3% over the course of the 2006/07 financial year.
HKMA predicts impact of capital flow reversal
Improvements in external payment positions and financial strength have increased the resilience of Asian economies to a reversal of capital flows, research published by the Hong Kong Monetary Authority finds.
US downturn's impact limited in East Africa
An economic slowdown in the United States would have ramifications for East Africa but many factors can limit its impact, says Emmanuel Tumusiime Mutebile, the governor of the Bank of Uganda.
Turkey to "monitor closely" second-round hikes
The minutes of the Central Bank of Turkey's November rate-setting meeting have revealed that the potential second round effects of rising food and energy prices will be closely monitored.
Subprime losses could mount to $300 billion
US housing market losses are likely to be in the region of $200 billion to $300 billion, a report by the Organisation for Economic Co-operation and Development (OECD) finds.
ECB to counter new tensions with extra funds
The European Central Bank (ECB) said on Friday that it will inject more liquidity into the eurozone money market in a bid to allay "the re-emerging risk of volatility."
Poor data raises chances of UK rate cut
Worse-than-expected growth and woeful housing statistics have increased the likelihood that the Bank of England will move to cut rates next month.
Trichet blames complexity for ratings reliance
Jean-Claude Trichet, the president of the European Central Bank, said on Friday that the complicated nature of many structured products had led to an over-reliance on credit ratings.
Hakkarainen new deputy at Bank of Finland
Pentti Hakkarainen, a member of the board at the Bank of Finland, is set to succeed Matti Louekoski as deputy governor in January 2008.
Consumption and income link strengthens in slump
Private consumption is more sensitive to changes in disposable income during recessions, research published by the Bank of England finds.
Qatar Central Bank - Annual Report 2005
The Qatari economy rocketed by an impressive 33.8% in 2005, boosted by the oil and gas sector, which expanded by 46.3%.
Globalisation gives greater role to communication
The globalisation of financial markets has made central bank communication more important than ever, says Mario Draghi, the governor of the Bank of Italy.
OTC derivatives trade grows by 135%
The value of positions in the over-the-counter derivatives market has increased by 135% in the last three years to $516 trillion, the Bank for International Settlements finds.
Markets certain on rate cut despite Fed's stance
In spite of repeated claims by Federal Open Market Committee (FOMC) members that the risks between inflation and growth are now balanced, interest rate futures traders believed on Wednesday that a December cut is more likely than ever.
Canada's Duguay raises chances of liquidity shift
Fresh suspicions that the Bank of Canada may alter its liquidity provisions by lending for longer periods arose on Tuesday after a speech by Pierre Duguay, a deputy governor of the central bank.
ECB loans show illiquidity in longer-term lending
The results of this month's European Central Bank (ECB) three-month open market operation reveal liquidity tensions remain for longer-term interbank lending.
Japan's Nakamura expects further US housing woe
Seiji Nakamura, a member of the Bank of Japan's rate-setting board, has said that the chances of economic slowdown in the United States are rising as the subprime market slumps further.
Zhou predicts "mild slowdown" for China
Zhou Xiaochuan, the governor of the People's Bank of China, said the fallout from the global credit turmoil will have just a small impact on Chinese growth next year.
Lomax on current monetary policy issues
Rachel Lomax, the deputy governor responsible for monetary policy at the Bank of England, delivered the following speech on Thursday night:
Hoenig: US economy will "weather this storm"
Thomas Hoenig, the president of the Kansas City Federal Reserve and the only member of the Federal Open Market Committee to vote against the 31 October rate cut, said that he thought the effects of the credit crunch were unlikely to spread very far.
Bank Indonesia - Annual Report 2006
The year 2006 was an engrossing year replete with numerous successes but also beset with challenges that further matured our managing of the economy, says Burhanuddin Abdullah, the governor of Bank Indonesia.
The drawbacks of disinflation policies
Economies enter persistent recessions and inflation heads above the long-run level in the immediate aftermath of a disinflation policy, research published by Banque de France finds.
UK's Gieve surprises with rate cut vote
Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, was one of two dissenters who voted for a rate cut at the monetary policy committee's November meeting, minutes published on Wednesday reveal.
Koruna's rise presents mixed blessing
Ludek Niedermayer, a vice governor of the Czech National Bank, parried calls for the central bank to act on the appreciation of the koruna and said that the increase in the currency's value made euro accession more favourable.