Central Banking
PBOC's Fan says 5% p.a. yuan rise possible
People's Bank of China adviser Fan Gang said Monday 6 November in an article in the Wall Street Journal that the yuan could appreciate on average by 5 percent a year in coming years, but a more dramatic rise would be disastrous for Chinese growth and…
China's Su on fixed assets investment expansion
China's fixed asset investment is still under potential pressure of further expansion despite controls imposed this year, a senior official with China's central bank told the 10th CEO Forum on Saturday 4 November.
State TV reports China's reserves top 1trn USD
China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.
SARB's Mboweni on monetary policy decision making
In the speech 'Monetary policy decision making in an uncertain international economic environment' given on 2 November Tito Mboweni of the SARB said sustained lower international oil prices will help to contain inflation in South Africa, but this should…
Fisher on confessions of a data dependent
In the speech 'Confessions of a data dependent' given on 2 November Richard Fisher of the Federal Reserve Bank of Dallas warned that inflation in the United States was still too high, though he recognized the worst could have passed.
Fed's Bies on the economic outlook
In the speech 'The economic outlook' given on 2 November Susan Bies of the Federal Reserve said steady but slow economic growth in the US should lead to more slack in the job market and allow a decline in worrisome inflation though that outcome is not…
Fed Reserve Bank of St Louis Review, Nov/Dec 2006
The latest edition of the St Louis Fed's Review for Nov/Dec 2006 includes the article 'Money and monetary policy for the twenty-first century.' This essay challenges the conventional wisdom about money and monetary policy.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
India's fast-evolving economy tests central bank
According to this article from Reuters, published Thursday 2 November, the Reserve Bank of India needs to know how close the economy is to overheating if it wants to keep the lid on inflation.
Polls see BoE raising rates 0.25% next week
The Bank of England is set to raise rates by a quarter point next week according to two recent City polls.
IMF's Leipold says France can do better
Despite a positive assessment of France's economic performance and policies, the country "needs to do better" the IMF said.
Controlling inflation is immediate goal for India
India's finance minister said on Friday 3 November controlling inflation expectations was the government's immediate goal and it would use all fiscal and monetary measures to bring down inflation towards 4 percent.
RBA appoints head of payments policy
The Reserve Bank of Australia announced Friday 3 November the appointment of Ms Michele Bullock to the position of Head of Payments Policy Department.
Fed's Fisher says main goal is inflation control
Federal Reserve Bank of Dallas President Richard Fisher said Thursday 2 November that keeping inflation in check is the central bank's primary goal.
Iceland to strengthen foreign reserves
In recent months, the Ministry of Finance and Central Bank of Iceland have been engaged in discussions on strengthening the Central Banks foreign reserves, the central bank said Friday 3 November.
Bank of Ghana - Annual Report 2005
According to the Bank of Ghana's Annual Report 2005, from an overall growth rate of 3.7 per cent in 2000, higher growth rates of 5.2 per cent and 5.8 per cent were achieved in 2003 and 2004 respectively.
Mboweni on the South African bond market
In the speech 'Celebrating excellence in the South African bond market' given on 26 October Tito Mboweni of the South African Reserve Bank said South Africa's solid fundamentals support economic growth, but the country remains vulnerable to changes in…
IMF paper on integration of the securities market
The IMF Working Paper "Integration of the securities market infrastructure in the European Union: Policy and regulatory issues" examines the impact of ongoing cross-border integration of securities market infrastructure in the European Union.
Muto says BoJ monitoring corporate investment risk
Bank of Japan deputy governor Toshiro Muto told a parliamentary hearing on Thursday 2 November that the BoJ does not consider domestic corporate capital investment overheating now but will monitor it for upside risks to growth.
Can we bank on the Federal Reserve?
According to this article from the November 2006 edition of reason, Ben Bernanke, has big shoes to fill-and many possible hazards to sidestep. The article also contains interviews with several Fed watchers, including Milton Friedman, to assess the…
Fed's Bernanke on community development
In the speech 'Community development financial institutions: Promoting economic growth and opportunity' given on 1 November Ben Bernanke of the Federal Reserve said with the explosion of financial choices, consumers must continually sharpen their…
Norges Bank Inflation Report, November 2006
Norges Bank published its Third Inflation Report for November 2006 on Wednesday 1 November. Even after several years of robust growth in the domestic and global economy, underlying inflation remains low.
BoJ's Fukui says rate hike will be carefully timed
Bank of Japan governor Toshihiko Fukui said Thursday 2 November that the central bank will take monetary policy action "not too early or too late," for a second rate hike in the current gradual credit-tightening cycle.
Trichet maintains expectations of rate hike
Speaking at the post-meeting press conference on Thursday 2 November European Central Bank president Jean-Claude Trichet endorsed market expectations of a further ECB interest rate hike at its December meeting.