Economics
ECB Monthly Bulletin - January 2008
Inflation reached 3.1% in December 2007, confirming the strong upward pressure on prices in the short-term, stemming mainly from strong increases in oil and food prices in recent months.
Second Polish deputy resigns, slams governor
Jerzy Pruski, a deputy governor at the National Bank of Poland, has resigned, citing differences with Slawomir Skrzypek, the governor of the central bank. Pruski's departure follows that of his fellow deputy, Krzysztof Rybiski, earlier this month.
Canada will not slump despite slight slowdown
Though the likelihood of a recession in the United States has increased greatly, the Canadian economy will continue to grow, said David Dodge, the outgoing governor of the Bank of Canada.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Czech deputy Niedermayer says economy set to slow
The pace of economic expansion in the Czech Republic will decline in 2008, Ludek Niedermayer, a deputy governor at the Czech National Bank, warned on Wednesday.
European Central Bank - Annual Report 2006
The ECB raised rates by 125 basis points in 2006 in a bid to combat inflationary pressures, caused by oil and commodity price shocks.
Japan's Nakamura unsure on housing recovery
The timing and degree of a recovery in the Japanese housing industry remain uncertain, said Seiji Nakamura, a member of the Bank of Japan's rate-setting board.
The role of human error in the yield curve
Investors' systematic forecast errors are an important source of business-cycle variation in measured risk premia, research published by the Atlanta Federal Reserve finds.
Sri Lanka's Jayamaha notes IT's impact
The rapid advancement in information and communication technology has had a profound impact on the Sri Lankan banking industry and the wider financial sector over the last two decades, said Ranee Jayamaha, a deputy governor at the central bank.
Two papers on banking efficiency
The Philadelphia Federal Reserve has published two papers looking at recent evidence on how banks can achieve optimal efficiency.
Chinese economist to get senior role at World Bank
In a move set to strengthen ties between the big emerging economies and the Bretton Woods institutions, the World Bank is to appoint Justin Lin, a Chinese economist, as its chief economist.
Royal Monetary Authority of Bhutan: Ann Rep 06-07
2006 saw the signing of an agreement between India and Bhutan, which facilitates the flow of funds and manpower resources from India for the construction of hydropower projects in the kingdom.
Global stocks plummet on US recession fears
Shares in Asia and Europe plunged on Monday amid concern that a United States recession would hit global growth. The Toronto stock exchange was also down by more than 4% at midday trading.
Brown calls for IMF and World Bank reform
The Bretton Woods institutions must adapt to fit the new global economic order where "contagion can move as swiftly as the fastest communication", said Gordon Brown, the British prime minister.
Central Bank of Comoros
The growth rate of Comoros's economy dipped slightly in 2006 to 2.4% from 2.8% the previous year.
Tony Solomon, former NY Fed president, dies
Anthony M. Solomon, a former president of the Federal Reserve Bank of New York, died last Friday, at the age of 88.
ECB poll notes tighter borrowing conditions
In the wake of the credit turmoil, banks have become far less willing to lend to both households and businesses, a European Central Bank (ECB) survey reveals.
Bahrain's Al Maraj calls for more liberalisation
The six member states making up the Gulf Cooperation Council (GCC) must further liberalise their economies if their recent economic success is to continue, says Rasheed Mohammed Al Maraj, the governor of the Central Bank of Bahrain.
Central Bank of Guinea - Annual Report 2005
The Guinean economy expanded by 3.3% in 2005 after growing by 2.7% the previous year.
Fed's Bernanke supports fiscal package
Ben Bernanke, the chairman of the Federal Reserve, told United States lawmakers on Thursday that he would support plans for a fiscal package to encourage growth so long as it was implemented quickly, was efficient and was temporary.
Fed's Beige Book charts modest growth increase
The latest edition of the Federal Reserve's Beige Book, published on Wednesday, suggests a slowdown in the pace of growth during November and December.
Central Bank of Uruguay - Annual Report 2006
High demand in foreign markets and low interest rates domestically boosted the Uruguayan economy in 2006.
Emirates must cooperate on inflation: Al-Suwaidi
Sultan bin Nasser al-Suwaidi, the governor of the Central Bank of the United Arab Emirates, said on Tuesday that officials in all of the emirates had to work on curbing soaring inflation, but warned against tampering with exchange rates.
Reserve Bank of Tonga - Annual Report 2006/07
The Tongan economy contracted during the 2006/07 financial year by 3% to 4%, plagued by substantial economic shocks.