Growth
BoJ: productivity underestimated during expansions
Bank of Japan study into labour productivity revisions shows productivity growth is often underestimated during expansions
IMF: high indebtedness depresses growth
Fund study says higher initial debt levels have negative effect on growth
Central Bank of Turkey – Inflation Report (July 2010)
Central Bank of Turkey’s Inflation Report for July showed lending in credit markets picked up after yields on government debt fell
India jerks in policy reins to choke off ballooning inflation
Reserve Bank of India levies bigger-than-forecast 50 basis point rate hike as data show inflation has spilled over from food to all areas; higher fuel prices, weather patterns key going forward
Bank of Albania: country has seen double digit FDI growth
Albanian central bank monetary policy statement says foreign direct investment rose by double digits in 2008
Japan’s Yamaguchi apprehensive of Asian expansion
Bank of Japan deputy governor Hirohide Yamaguchi says emerging economies must be aware of overheating
RBA rate hold linked to European stability concerns
Minutes of Reserve Bank of Australia’s rate meeting show developments in Europe led board to keep rates flat
Korean growth revision a sign of further hikes to come, say analysts
Analysts say Korean central bank is likely to raise rates further after it forecast higher growth in 2010
Central Bank of Brazil - Inflation Report (June 2010)
Central Bank of Brazil says rising domestic demand will continue to drive inflation above target in 2010
Atlanta Fed: Annual Report (2009)
Atlanta Federal Reserve Annual Report shows southeastern states hit hardest during financial crisis after boom in community banking
Four risks to growth: Atlanta Fed’s Lockhart
Atlanta Federal Reserve president Dennis Lockhart counts Gulf of Mexico oil spill and commercial real estate sector risks among imminent threats to growth
ECB bond purchase effect wearing off, warns IMF
Fund cautions that stability risks are on the rise again as effect of European Central Bank’s foray into bond markets loses bite; southern eurozone to face refinancing contest with US, UK and Japan
BoE data shows May rise in lending levels
Bank of England data on lending shows moderate gains in amount of loans issued to individuals and households; lending still remains below pre-crisis levels
SNB: Quarterly Bulletin – June 2010
Swiss National Bank estimates export driven growth of 2% in 2010, despite renewed tensions in Europe
Bank’s pledge to support growth could face internal resistance
Government repeats promise of loose monetary and tight fiscal policy even as officials within the Bank of England make the case that inflation is getting out of hand
Kenya’s Ndung’u: long term financing key to housing sector growth
Kenyan central bank governor Njuguna Ndung’u says Finance Bill 2010 provisions will create long term financing and address excess demand for housing in Kenya
Eurozone crisis threatens Canadian financial stability
Bank of Canada links deterioration of risks surrounding global imbalances and the growth outlook to single currency zone’s sovereign debt crisis
Central Bank of Peru - Annual Report (2009)
Peruvian central bank's 2009 Annual Report shows country recorded modest growth
RBA minutes show central kept rates unchanged over euro fears
The Reserve Bank of Australia’s board kept rates on hold at 4.5% amid uncertainty over Europe’s fiscal position
St Louis Federal Reserve: African Americans have endured economic disadvantage
A St Louis Federal Reserve study compares the economic progress of African Americans against white Americans and finds significant differences in access to labour markets
Bank of Japan details direct lending programme
Central bank outlines $33 billion quasi-fiscal programme to support economic growth; analysts say measure is a political gesture
External debt could prove perilous: NZ’s Bollard
Reserve Bank of New Zealand governor Alan Bollard cautions that the country faces external debt imbalances; calls for deficits to be slashed below 5% of GDP
IMF: central banks face unpopular choices in making up fiscal gap
An IMF study says central banks may come under pressure from governments to inflate their way out crisis
Belka approved as Polish central bank head
Former prime minister and finance minister Marek Belka gets Polish parliament's approval to take over as central bank chief; emphasises importance of zloty stability