Growth
Efficient payment systems boost intermediation
Efficient payment systems increase financial intermediation and the availability of credit, new research from the Bank of England posits.
Macroprudential needed regardless of rate policy
Macroprudential policies are required regardless of the monetary-policy regime in place, said Svein Gjedrem, the governor of the Norges Bank.
Southern and Western US districts to thrive
Southern and Western Federal Reserve districts will show the strongest growth in the post-crisis expansion, new research from the Kansas City Fed posits.
Bank of Sierra Leone - Annual Report 2008
Sierra Leone's economy remained virtually unaffected by the international economic crisis in 2008 and continued to show robust growth, notes the country's central bank in the latest Annual Report.
RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to leave the cash rate unchanged at 3% as there were signs that the economic stimulus that had been applied was supporting demand, according to minutes of the May meeting.
Firms must adapt to low growth: Bahrain's Al Maraj
Rasheed Al Maraj, the governor of the Central Bank of Bahrain, has said businesses and government will need to adjust to the reality of slower economic growth.
Sub-Saharan Africa faces severe slump, IMF warns
The International Monetary Fund warned on Tuesday that economies in sub-Saharan Africa were facing a "severe downturn" and called for a strong public-policy response both domestically and internationally.
Malaysia's Zeti: financial inclusion still a goal
We must not lose sight of our financial-inclusion agenda, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has warned.
Brazil slows pace of easing
The Central Bank of Brazil cut its key interest rate for the third time this year to a record low of 10.25% on Wednesday.
Bangladesh Bank - Annual Report 2007-2008
The Bangladeshi economy expanded at a satisfactory pace during the 2008 financial year despite a number of natural disasters, notes the latest Annual Report from the country's central bank.
Fed's Warsh: panic may have long-run impact
The panic that has marked the current financial and economic turmoil may also have long-run implications, said Kevin Warsh, a governor at the Federal Reserve.
Central Bank of Sri Lanka - Annual Report 2008
Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.
All US states contract for first time on record
The economies of all of the 50 American states shrank in February for the first time since records began in January 1979.
Limits to safety net support - Richmond's Lacker
It is of paramount importance to clearly define the boundaries of future safety net support, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Fed's Stern: recession could end in mid-2009
In one of the most bullish assessments of the state of the US economy by an official of the Federal Reserve since the start of the crisis, Gary Stern, the long-serving president of the Federal Reserve Bank of Minneapolis, said that the recovery could…
Indian inflation near zero
Indian inflation has reached a 20-year low of just 0.44%.
Global economy to shrink by 0.5-1%: IMF
The International Monetary Fund (IMF) has again lowered its growth estimates, saying that it now sees a contraction of 0.5% to 1% in global activity.
Fullani highlights main risks to Albania
The drop-off in remittances and a tightening of financing conditions are the main threats from the global crisis to the Albanian economy, said Adrian Fullani, the governor of the country's central bank.
Fiji's Narube on productivity
Fiji's rate of productivity is extremely disappointing, said Savenaca Narube, the governor of the Reserve Bank of Fiji.
Central Bank of Belize - Annual Report 2007
In 2007, Belize experienced an economic downturn with GDP growth falling from 5.3% to 1.6%, notes the latest Annual Report from the country's central bank.
IMF sees global economy shrinking in 2009
The world economy is set to shrink in 2009, the head of the International Monetary Fund (IMF), said on Tuesday.
China's Zhou promises rapid action if needed
Zhou Xiaochuan, the governor of the People's Bank of China, has pledged to act speedily and forcefully to prevent a slump in confidence during the financial crisis.
Fed gloomy on 2009, more bullish on 2010 and 2011
The Federal Reserve has reduced its forecast for economic growth this year, but has upgraded its projection for 2010 and 2011.
RBA explains February cut
Significantly lower forecast for domestic output growth than expected was behind the Reserve Bank of Australia's cut in the cash rate by 100 basis points to 3.25%, according to minutes of the February meeting.