GDP
ECB’s Tumpel-Gugerell on cost of ex-post crisis measures
European Central Bank executive board member Gertrude Tumpel-Gugerell says large costs to clean up asset-price bubbles should lend support to more preemptive policies
Economy on road to recovery: Sri Lanka’s Ranasinghe
Central Bank of Sri Lanka chief economist KD Ranasinghe says GDP growth in Sri Lanka more than doubled during 2010
Italy’s Visco on government reforms
Bank of Italy deputy director-general Ignazio Visco urges government to take necessary steps to reduce public deficit
Bank minutes outlines downside risks to economy
Minutes of Bank of England monetary policy meeting highlights evidence of continued weakness in UK economy
Measuring output gap in export-oriented economies: IMF paper
Fund study assess methods to measure output gap in countries facing non-traditional demand pressures
Bank of Canada paper on enhancing GDP forecasts
Bank of Canada study says pooling methodologies can improve accuracy of GDP forecasts
Danthine defends SNB FX intervention
Swiss National Bank governing board member Jean-Pierre Danthine says foreign exchange intervention was necessary to avoid deflationary risks
Bank Negara Malaysia - Annual Report (2010)
Bank Negara Malaysia 2010 Annual Report forecasts growth to continue strong momentum in 2011, rising to as high as 6%
Finland’s growth to dampen: Liikanen
Bank of Finland governor Erkki Liikanen says central bank forecasts economic recovery to slow next year
BoE rate-setters split four ways once more
Bank of England’s Monetary Policy Committee minutes shows three members continued to vote for rate hikes despite downward revision in fourth quarter of 2010 growth figures
Moody’s Portugal downgrade sparks further speculation of bailout
Moody’s cuts Portugal’s credit rating by two notches to A3 on weaker growth prospects; analyst says bailout expected in coming months
Swiss economy offsets last year’s losses: SNB report
Swiss National Bank 2010 Accountability Report says Swiss economy recovered losses from 2009
Bank of Israel on success of tax reforms
Excerpt from Bank of Israel 2010 Annual Report says recent government tax policy reduced direct taxes on labour
Australia’s Stevens calls for collective effort to rebalancing global economy
Reserve Bank of Australia governor Glenn Stevens says advanced economies must utilise excess supply to help boost domestic demand in Asia
Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson calls for refined monetary policy framework focusing on underlying, rather than headline, inflation and unemployment over resource utilisation
Bank’s chief economist joins dissenters on rate hike
Bank of England chief economist Spencer Dale votes for rate hike; analysts say outlook remains unclear given persisting weakness in data
Countercyclical buffer could be big help to output: BIS paper
Research by the Bank for International Settlements says Basel III’s countercyclical capital buffer could have “sizable” hand in preventing output falls
Geithner slams UK for light-touch regulation
US Treasury secretary Timothy Geithner says UK’s light-touch approach to regulation was a deeply costly strategy; says creating level playing field for banks will be crucial
Inflation may hit 5%, but we couldn’t have done it different: King
Bank of England’s Inflation Report says inflation will likely soar further; medium term outlook shifts slightly as spare capacity margin revised downwards
Bernanke calls for fiscal retrenchment
Federal Reserve chairman Ben Bernanke calls on government to ease debt burden from health care and ageing population
RBA - Monetary Policy Statement (February 2011)
Reserve Bank of Australia February 2011 Monetary Policy statement expects Cyclone Yasi to disrupt growth in early 2011
IMF studies G-7 factors in global business cycles
IMF study examines impact of G-7 indicators in driving global business cycles
Bank’s Weale joins Sentance in vote for rate hike
Bank of England’s external MPC member Martin Weale joins Andrew Sentance in vote for 25-basis point rate hike; decision marks growing divisions in rate-setting committee
Supply shocks are dictating inflation, King insists
Bank governor reiterates view that temporary events are keeping prices elevated, says development of second-round effects key to picture on underlying inflation; remarks divide analysts