Growth
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.
RBA's Edey has high hopes for Australia's economy
There are reasons to expect the Australian economy to continue perform better than its international counterparts, said Malcolm Edey, an assistant governor of the Reserve Bank of Australia.
EU could face fiscal-pact threat
The European Commission's November 2008 fiscal stimulus may undermine the Stability and Growth Pact, Jan Qvigstad, the deputy governor at Norges Bank.
King presents gloomy outlook
The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."
Cash holding on the rise
Notes and coins in circulation were on average 1.1% higher than December, new data from the Bank of England show.
Floating rates worth weight in gold for Germany
German society was better off under the floating exchange-rate regime than during the pre-first world war classical gold standard period, finds a paper by Michael Bordo and Bernhard Eschweiler for the National Bureau of Economic Research.
Central Bank of the Philippines - Annual Report 07
With 7.3% GDP growth in 2007, the Philippines achieved its highest output performance of the past three decades last year and the government's growth target, notes the country's central bank in its latest Annual Report.
Global growth to slump to 60-year low in 2009: IMF
The International Monetary Fund (IMF) said on Wednesday that it expected world growth to fall to 0.5% this year, its lowest rate since World War II.
National Bank of Macedonia - Annual Report 2007
In 2007, the Macedonia economy grew by a record amount, with GDP growth of 5.1%, says the latest Annual Report from the National Bank of Macedonia.
Israel cuts to record low, economy to shrink
The Bank of Israel slashed its key rate by 75 basis points to an all-time low of 1% on Monday and said that it now expected the economy to contract by 0.2% in 2009.
Serbia's Jelasic: savings a priority
An increase in domestic savings should be key domestic priority in 2009, said Radovan Jelasic, the governor of the National Bank of Serbia.
Israel's Fischer: banking system still strong
In contrast to the health of the global banking system, Israel's lenders remain strong, Stanley Fischer, the governor of the Bank of Israel, said.
China bids to breathe life into ailing economy
The People's Bank of China has cut its key lending and borrowing rates for the fifth time in three months in its quest to shore up faltering growth in the world's fourth largest economy. However, the move met with disappointment from market participants,…
Philippines cuts as World Bank pledges $200m food
The Central Bank of the Philippines lopped half a point off its key rate on Thursday as the World Bank approved a $200m loan to ensure the country's poor would have basic foodstuffs amid the growth slowdown.
A new model for long-run risks
A paper from the Kansas City Federal Reserve devises a model long-run risks model where inflation risks and volatilities are in line with survey data.
Bank Indonesia - Annual Report 2007
In 2007 Indonesia's growth exceeded 6% for the first time since the Asian crisis, notes the latest Annual Report from the Bank Indonesia.
A new GDP forecasting model for the eurozone
A paper from the European Central Bank derives a new forecasting model for euro-area real GDP growth.
Co-movements highlight policy stance
Low-frequency co-movements between inflation and money growth, and short-term interest rates and money growth shed light on a central bank's monetary policy stance, states a paper from the Bank of England.
Chile's rate meeting - minutes
Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.
Commodities have small impact on US inflation
The effects of crop and energy price movements on US inflation are smaller than commonly thought, finds a new paper from the New York Federal Reserve.
BoJ minutes: board divided over size of cut
The majority of the Bank of Japan's board members agreed that the central bank was right to cut rates for the first time in seven years last month. But views differed on what the size of the rate cut should be.
Ex-Fed's Volcker to head economic recovery group
Paul Volcker, a former chairman of the Federal Reserve, will head a new committee to foster growth and financial stability.