Economics
BNB's Quaden says ECB will keep acting on prices
Belgian National Bank governor Guy Quaden said in an interview published Wednesday 16 May that the ECB will continue to act to lower inflationary expectations.
Sweden walks the central bank talk
This article published by The Australian on Wednesday 16 May reports new research from JPMorgan on winners and losers in the central bank communication debate.
Wolfowitz to leave World Bank - reports
Unconfirmed late reports Wednesday 16 May said Paul Wolfowitz would leave the World Bank as president in a face-saving deal.
BIS Paper on globalisation and inflation
The BIS Working Paper "Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation" published 11 May argues that prevailing models of inflation are too "country-centric", in that they fail to take sufficient…
Al Maraj on key developments in Bahrain
In the speech 'Key developments in Bahrain and the region' given on 8 May Rasheed Mohammed Al Maraj of the Central Bank of Bahrain said collectively, the GCC countries now represent a population of some 35 million and the world's 13th largest economy.
Dallas Fed's Fisher on services in the US economy
In the speech 'The dog that does not bark but packs a big bite: Services in the U.S. economy' given on 14 May Richard Fisher of the Federal Reserve Bank of Dallas said central bankers no longer have the privilege of being able to "mumble on occasion,"…
Four letter word may spell end for Wolfowitz
According to this article published Tuesday 15 May by The Guardian, Paul Wolfowitz swore at and threatened senior World Bank staff with retaliation if details of his pay rises for his partner were revealed.
If Wolfowitz goes, must his successor be American?
If Paul Wolfowitz leaves the World Bank the selection process for his replacement is likely to be as primitive as ever, according to this article from the Washington Post, published Sunday 13 May.
Bahrain and Egypt sign MoU
The central banks of Bahrain and Egypt signed a Memorandum of Understanding (MoU) on Monday 14 May, according to Gulf Daily News.
NRB chief stopped from boarding plane
Nepal Rastra Bank (NRB) governor Bijaya Nath Bhattarai, who is accused of misusing funds to suppress the pro-democracy movement last year, was barred from boarding a flight to Bangladesh on Monday 14 May, DailyIndia reported.
U.S. backs Wolfowitz at World Bank
The United States supported World Bank president Paul Wolfowitz to keep his job on Tuesday 15 May, saying that although he had made mistakes he should not be fired.
Bush to nominate Fed board members - reports
US president George W Bush will nominate Larry Klane and Elizabeth Duke to serve as Federal Reserve Board governors, according to Bloomberg which quoted two people familiar with the situation.
HKMA Quarterly Bulletin, March 2007
The Hong Kong Monetary Authority has published the March 2007 issue of its Quarterly Bulletin. The Bulletin includes the article "Assessment of the euro payment system in Hong Kong". The article assesses Euro CHATS, one of the major clearing and…
France's Noyer on monetary union in Europe
In the speech 'From Maastricht to the present and beyond' given on 16 April Christian Noyer of the Bank of France said monetary union in Europe is well grounded, both on its technical and political pillars.
RBA appoints head of domestic markets
The Reserve Bank of Australia announced Monday 14 May that John Broadbent would be appointed as Head of Domestic Markets Department.
BI and govt working together on economy
Indonesia's finance minister Sri Mulyani says the government will work with Bank Indonesia to boost the lethargic economy amid criticism that the government is not doing enough to speed up economic growth.
Azerbaijan's inflation "likely to slow"
Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.
Malta and Cyprus looking for euro thumbs up
According to this article published by the Times of Malta on Sunday 13 May, Malta and Cyprus will this week get the go ahead to join the euro next year.
Reforms help, says Trichet on eurozone growth
European Central Bank president Jean-Claude Trichet said in an interview with Nikkei Business Magazine published Monday 14 May that the eurozone is benefiting mainly from the cyclical strength of the world economy, but structural reforms also help growth…
Richmond Fed's Economic Quarterly, Winter 2007
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2007. The latest issue includes the article "Implications of some alternatives to Capital Income Taxation" which considers the long-run implications of a switch from…
Canada's Dodge on a sound pension system
In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and…
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.
Riksbank names new Chief Press Officer
Britta von Schoultz has been appointed the new Chief Press Officer at the Sveriges Riksbank. She will take up her appointment on 4 June 2007.
Greenspan lays odds of 2-1 against US recession
Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.