Central Banking
Inflation expectations contained - Turkey's Yilmaz
Speaking at a conference celebrating the 75th anniversary of the Central Bank of the Republic of Turkey, governor Durmus Yilmaz said the central "strong reaction" to financial turmoil in 2006 "have contained inflation expectations" and that these will …
Russian central bank predicts fall in inflation
The first deputy chairman of the Russian central bank, Alexei Ulyukayev, said on 4 June that the country's inflation is likely to fall to 5.2% for the first six months of this year, one percentage point down on the same period in 2006.
New information officer for RBNZ
The Reserve Bank of New Zealand has announced the appointment of Tanya Harris as its new Chief Information Officer and Head of Knowledge Services Group.
Regulatory concerns knock Chinese shares
China's stock market closed 8.26% down on Monday 4 June as worries that the government is about to take further measures to cool the economy triggered a major sell-off.
Holland's Wellink assesses eight years of EMU
Speaking at the Nieuwegein Business Center, Nout Wellink, the president of the Dutch central bank, took stock of the achievements of eight years of economic and monetary integration and set out what he saw as the challenges facing the eurozone.
Annual report National Bank of Belgium 2006
Belgium's central bank made profits of almost a quarter of a billion euros, according to part 2 of its annual report, which focuses on the central bank's activities and governance.
Spain's Ordoez: immigration keeps inflation low
Miguel Ordoez, the governor of the Bank of Spain, said that immigration into Spain has helped keep inflation rates relatively low, in a speech at a symposium on the Phillips curve and the natural rate hypothesis in Kiel, Germany on 3 June.
IMF's Article IV consultation with Switzerland
The IMF on 4 June released the staff report and public information notice regarding the conclusion of its Article IV consultation with Switzerland. The Fund projected 2% growth of real GDP in 2007, down from 2.7% in 2006.
Former Fed No 2, Preston Martin, dies
Preston Martin, the former deputy chairman of the Federal Reserve died last week, aged 83.
Roach dismisses global savings glut
Morgan Stanley's chief economist, Stephen Roach, has poured cold water on the "global savings glut" hypothesis championed by Fed chairman, Ben Bernanke, as the underlying cause of global economic imbalances.
Kroszner on risks and outlook for US economy
Economic growth will in the US pick up through 2007, rising to close to potential by 2008, said Randall Kroszner, a member of the Board of Governors, at the spring meeting of the IIF in Athens, adding that the risks to the inflation outlook are primarily…
Annual report - Bank of Uganda
The main challenge for the Bank of Uganda's monetary policy in 2005-06 was related to shocks associated with the prolonged drought, which adversely affected agricultural production and pushed up food crops inflation.
RBI report on currency and finance
According to the Reserve Bank of India's annual report on currency and finance for 2005-06, released on 31 May, "it is imperative that the financial markets are developed further," if the risks of financial integration are to be mitigated.
Germany's Weber: academics good central bankers
In a speech made on 29 May in Paris, Alex Weber, president of the Bundesbank, said that sending academics to politics clearly solves a problem inherent in academic policy advice: "getting the message across to do the right thing".
Turkish CB identifies financial stability concerns
The Central Bank of Turkey believes that the way in which the country weathered the storm following the financial turmoil the country experienced in June and July last, demonstrates the resilience of the Turkish economy.
Brazil continues intervention policy
The Central Bank of Brazil will continue its policy of buying American dollars on the spot market to bolster its foreign exchange reserves.
ECB's Papademos hints at rate rises
In one of the strongest hints at further rate rises for the eurozone later this year, Lucas Papademos, the Vice-President of the European Central Bank, said forecasts for economic growth in 2007 and 2008 are above the region's potential.
Fed announces FOMC's 2008 schedule
The US Federal Reserve, the American central bank, on 1 June announced the tentative schedule for next year's Federal Open Market Committee meetings.
No more gold sales for ECB
The European Central Bank announced on 1 July that it has no intention to sell more gold this year.
Fed minutes reveal worries over inflation, housing
The minutes of the latest monetary policy meeting of the Federal Reserve contained few surprises, but underlined the fact that policymakers remained concerned about an "upward drift in inflation expectations".
Draghi keen on governance reforms for banks
The governor of the Bank of Italy, Mario Draghi, told the central bank's shareholder at the conclusion of its annual meeting that he backs Italian lawmakers' current effort to reform the governance arrangement for the country's cooperative commercial…
Sweden's Rosenberg on interest rates
External price pressure and expectations of improvements in productivity were the reasons why Irma Rosenberg, a first deputy governor at Sweden's Riksbank, voted for rates to stay on hold at the monetary policy meeting at the start of the month, she said…
Fundanga on the outlook for the Zambian economy
After recording single-digit inflation for the first time in 30 years last year, Zambia's economy has slipped back somewhat in the first quarter of 2007, the governor of the central bank, Caleb Fundanga, told national radio.
Governor's deciding vote sees Czech rates up
The Czech Central Bank raised interest rates by a quarter of a percentage point to 2.75% on 31 May. The central bank's board was split, with three members voting for the hike and three for leaving rates unchanged. It then fell to governor, Zdenik Tma, to…