Economics
Philadelphia Fed's Plosser on the yield curve
In the speech 'What can we expect from the yield curve?' given on 23 March Charles Plosser of the Federal Reserve Bank of Philadelphia said the spread between yields on short- and long-dated government securities may remain narrow in the future due to…
Rato on responding to shifts in financial risk
In the speech 'Responding to shifts in financial risk: the need for leadership' given on 23 March Rodrigo de Rato of the IMF said the global economy is still on track for healthy growth despite the adverse impact on US business prospects of a housing…
Fed's Mishkin on inflation dynamics
In the speech 'Inflation dynamics' given on 23 March Frederic Mishkin of the Federal Reserve said core US inflation is likely to drop to 2 percent from about 2 1/4 percent, but pushing it below that may require higher interest rates.
Fed's Mishkin said to fuel inflation target
According to an article from the Financial Times, published Monday 26 March, financial markets are likely to interpret Frederic Mishkin's recent speech (reported separately today) as further evidence that the Federal Reserve is stepping away from a…
EU's Almunia says stop attacking ECB
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 26 March in an article that French politicians should stop attacking the euro and the European Central Bank.
BOJ's Fukui repeats to hike rates slowly
Bank of Japan governor Toshihiko Fukui told lawmakers Monday 26 March that the central bank will maintain its accommodative monetary policy stance for now by raising interest rates only slowly.
Karvalits says Hungary can reach CPI goal
The Hungarian central bank's (NBH) medium-term inflation goal can be reached even at an exchange rate weaker than the current one, Ferenc Karvalits, nominated as deputy governor said on Monday 26 March.
RBZ's Gono warns on parallel market forces
Reserve Bank of Zimbabwe governor Dr Gideon Gono warned Thursday 22 March of the existence of "stronger forces" on the parallel market that are fuelling the slide of the Zimbabwe dollar against major currencies.
Gaspari says eurozone inflation under control
Outgoing European Central Bank council member Mitja Gaspari said in an interview published Friday 23 March inflation in the 13 euro nations is ``under control'' and it's not yet time to talk about further interest-rate increases.
SNB's Jordan says hikes less pressing
The Swiss National Bank (SNB) currently sees further rate hikes as necessary to keep inflation at bay, while indicating the need for action has become smaller, the central bank's directorate member Thomas Jordan said in a speech Thursday 22 March.
Japan's Omi says land prices don't indicate bubble
Japan's rising land prices reflect the country's economic recovery and don't indicate an asset bubble, finance minister Koji Omi said Friday 23 March.
India not ready for sustained growth?
According to an article from The Financial Express, 'YVR not ready for sustained growth?', published on Sunday 18 March, India has never had it so good, but current growth levels may not last too long.
Fed's Kohn on asset-pricing puzzles, credit risk
In the speech 'Asset-pricing puzzles, credit risk, and credit derivatives' given on 22 March Donald Kohn of the Federal Reserve said credit derivatives may reduce long-run risk premiums for stocks and bonds by helping markets share risks more evenly.
Fed's Kroszner on innovations in credit markets
In the speech 'Recent innovations in credit markets' given on 22 March Randall Kroszner of the Federal Reserve said fast-growing credit derivative markets have helped spread risks more widely but have not made them disappear.
Jenkins on the Canadian economy
In a speech given on 22 March Paul Jenkins of the Bank of Canada said sound fiscal policy and debt reduction have contributed to a stable domestic economy.
Bank Negara Malaysia - Annual Report 2006
According to the Bank Negara Malaysia's Annual Report 2006, the Malaysian economy strengthened in 2006, with real gross domestic product expanding by 5.9%.
Bank of Japan Monthly Report, March 2007
The Bank of Japan published the English version of its March 2007 monthly report on Friday 23 March. In the report the BOJ left its assessment of economic and financial developments unchanged for March, saying the economy continues to expand moderately.
SARB's Quarterly Bulletin, March 2007
The South African Reserve Bank published its March 2007 Quarterly Bulletin on 22 March. According to the latest Bulletin, soaring domestic spending has spurred growth but an appetite for luxury imports and massive government infrastructure spending has…
Mboweni on the World Cup and the SA economy
In the speech 'The benefits of being a good host - the FIFA World Cup and the South African economy' given on 20 March Tito Mboweni of the SARB said South Africa's current account deficit widened sharply in the fourth quarter of 2006 and the central bank…
International finance and income convergence
The IMF Working Paper "International finance and income convergence: Europe is different" says recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor…
Central bank performance under inflation targeting
This Bank of Canada Working Paper analyses the inflation record of inflation targeting central banks. The authors find that a higher inflation target and a larger inflation control range are associated with more variable inflation outcomes.
EU report warns on further ECB rate hikes
The European Commission said in a report quoted by Bloomberg News on Thursday 22 March that further interest-rate increases by the European Central Bank may threaten economic growth in the 13 nations sharing the euro.
Chile's Corbo sees inflation at low end of range
Chilean central bank President Vittorio Corbo told reporters Wednesday 21 March he sees inflation at the low end of the central bank's target range in the coming months as economic growth "gradually" rebounds.
BNM says Malaysian economy still resilient
Bank Negara Malaysia is confident the economy will remain resilient and grow at a healthy 6% despite moderate global growth predicted for the first half of the year, the BNM said Thursday 22 March.