Central Banking
Meirelles says Brazil's 2007 inflation benign
Brazil's 2007 inflation scenario is benign, but the central bank remains vigilant, the bank's chief said on Monday 19 March.
FOMC to throw markets a life preserver?
According to this article published by MarketWatch on Monday 19 March, financial markets could be given a boost this week when the Federal Open Market Committee meets.
BoE's Sentance on the changing pattern of savings
In the speech 'The changing pattern of savings: Implications for growth and inflation' given on 15 March Andrew Sentance of the Bank of England warned of possible inflationary risks from strong consumer spending levels.
RBA's Edey on Australia in the global economy
In the speech 'Australia in the global economy' given on 16 March Malcolm Edey of the Reserve Bank of Australia said Australia's underlying inflation level is still expected to decline slightly over the next two years to around 2.75 pct which is higher…
Mboweni on the role of the SARB and consumers
In the speech 'The role of the South African Reserve Bank in the protection of consumers' given on 15 March Tito Mboweni of the South African Reserve Bank said that while the central bank aimed to achieve price stability and low and sustainable inflation…
Tumusiime-Mutebile on African central banks
In the speech 'Business continuity and risk management in African central banks' given on 9 February Emmanuel Tumusiime-Mutebile of the Bank of Uganda said the three central banks in East Africa have spent a significant amount of resources to lay the…
New York Fed's Economic Policy Review, March 2007
The Federal Reserve Bank of New York has published the March 2007 edition of its Economic Policy Review. The latest edition includes the article "The Emergence of 'Regular and Predictable' as a Treasury Debt Management Strategy".
Fukui denies BOJ leaked information
Bank of Japan governor Toshihiko Fukui denied in parliament Thursday 16 March that the central bank leaked information to the media before announcing an interest-rate increase last month.
Wen: China's growth 'unstable' & 'unsustainable'
China's economic expansion, the source of about a 10th of global growth last year, is unstable and environmentally unsustainable, Premier Wen Jiabao told a press conference on Friday 16 March.
Greenspan says subprime spillover unlikely
Problems facing lenders of risky mortgages are not likely to spill over into the broader economy unless housing prices see another substantial fall, former Fed chairman Alan Greenspan said Thursday 15 March.
No plan to relocate central bank says Perng
Central Bank of China (CBC) governor Perng Fai-nan said Wednesday 14 March that Taiwan's central bank will not relocate its headquarters from Taipei City to southern Taiwan.
Markets not pricing risk well says ECB's Weber
Global financial markets may not be adequately pricing risk even after their recent sharp corrections, European Central Bank governing council member Axel Weber said on Thursday 15 March.
PBOC vows to open financial sector further
China will further open its financial sector in "an active and safe" way, the People's Bank of China said in a report Friday 16 March.
Why is market volatility so low?
According to this article from MoneyWeek, published Wednesday 14 March, the recent so-called drama around the world is more likely a long overdue reaction to months of relentless appreciation in global stock markets.
ECB Monthly Bulletin, March 2007
The European Central Bank published its March 2007 Monthly Bulletin on Thursday 15 March. In the report the ECB said it expects euro zone growth to moderate in the first quarter and then continue around its potential rate.
Bank of England Inflation Attitudes Survey, Feb 07
The Bank of England published its February 2007 Inflation Attitudes Survey on Thursday 15 March. UK inflation expectations for the coming year remained at an elevated 2.7 pct in February, the survey found.
Norges Bank Monetary Policy Report, March 2007
Norges Bank published its First Monetary Policy Report (previously called the Inflation Report) for March 2007 on Thursday 15 March. In spite of strong growth in output and employment, inflation has not picked up so far.
RBNZ's Bollard on global liquidity and New Zealand
In the speech 'Easy money: Global liquidity and its impact on New Zealand' given on 15 March Alan Bollard of the RBNZ said that the central bank is assessing alternative measures to support the official cash rate.
Sweden's Ingves on interest rate & monetary policy
In the speech 'The interest rate path and monetary policy' given on 14 March Stefan Ingves of the Sveriges Riksbank said the Swedish central bank rate-setters are only expecting to need to make moderate increases in the interest rate.
Bini Smaghi says more data needed on growth
European Central Bank (ECB) executive board member Lorenzo Bini Smaghi said Wednesday 14 March the eurozone economy is showing signs of self-sustaining growth but the ECB still needs additional data to confirm it.
SNB hikes interest rates by 25 points
The Swiss National Bank (SNB) raised interest rates by 25 basis points Thursday 15 March, citing the excellent shape of the Swiss economy and a slight upward trend in inflation.
BoJ's Fukui says no stocks impact from rate hike
Bank of Japan governor Toshihiko Fukui said in parliamentary testimony Thursday 15 March that the BoJ's latest rate hike in February did not directly lead to the recent global stock market slump.
Russian deputy: CB should keep oversight function
The Russian central bank should not be stripped of its oversight functions, first deputy chairman Gennady Melikian told a press conference on Thursday 15 March.
Market tumult a warning on risk: ECB's Garganas
The recent turmoil in financial markets is a timely reminder that risks to the global economy cannot be shrugged aside, European Central Bank governing council member Nicholas Garganas said on Thursday 15 March.