Economics

De Gregorio set to become Chilean governor

Jose de Gregorio, the deputy governor of the Central Bank of Chile will take over from Vittorio Corbio as governor of the central bank later this week, Michelle Bachelet, Chile's president, announced on Monday.

UK's King gloomy on economic conundrum

Mervyn King, the governor of the Bank of England, said on Thursday that the economic outlook is "uncomfortable" because the problems of the credit crisis are now coupled with burgeoning inflationary pressures.

Beige book reveals reduced US expansion

The latest edition of the Federal Reserve's Beige Book shows that consumer spending has slowed and that the financial services industry has become a drag on growth, but that the economy grew nonetheless.

OTC derivatives trade grows by 135%

The value of positions in the over-the-counter derivatives market has increased by 135% in the last three years to $516 trillion, the Bank for International Settlements finds.

Hoenig: US economy will "weather this storm"

Thomas Hoenig, the president of the Kansas City Federal Reserve and the only member of the Federal Open Market Committee to vote against the 31 October rate cut, said that he thought the effects of the credit crunch were unlikely to spread very far.

Bank Indonesia - Annual Report 2006

The year 2006 was an engrossing year replete with numerous successes but also beset with challenges that further matured our managing of the economy, says Burhanuddin Abdullah, the governor of Bank Indonesia.

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