Economics
Syria, Austria sign MoU
A Memorandum of Understanding was signed between the Central Bank of Syria (CBS) and the Austrian National Bank on Thursday 22 March.
BoE's Barker on interest rate changes
In the speech 'Interest rate changes - Too many or too few?' given on 20 March Kate Barker of the Bank of England warned that the uncertain medium term outlook for inflation may prompt frequent changes in interest rates.
Philippines' Tetangco on migration, remittances
In the speech 'Migration, remittances, economic development and the role of banks' given on 15 March Amando M Tetangco, Jr of the Central Bank of the Philippines said the Philippine central bank's initiatives to further improve the environment for…
SL's Cabraal on financial & economic developments
In the speech 'Overview of financial and economic developments in Sri Lanka' given on 5 March Ajith Nivard Cabraal of the Central Bank of Sri Lanka said developments in the foreign exchange market are immense.
Growth dynamics myth of economic recovery
Using panel data for a large number of countries, this BIS Working Paper finds that economic contractions are not followed by offsetting fast recoveries.
China's Zhou not worried on current inflation
China's central bank is not worried about the current level of consumer price inflation, People's Bank of China governor Zhou Xiaochuan was quoted as saying in a report by the official Xinhua News Agency on Wednesday 21 March.
NBS intervenes to halt crown appreciation
Following the ECB's announcement that the central parity of the Slovak crown has moved from Sk38.455 per euro to Sk35.4424 per euro, the National Bank of Slovakia intervened Tuesday 20 March on the Slovak FOREX market.
A new role for the Bank of Greece
According to this article from Kathimerini, published Tuesday 20 March, the Bank of Greece is looking for a purpose following the launch of the euro single currency.
IMF: Zimbabwe's economic collapse accelerating
Zimbabwe's economic collapse is likely to accelerate with inflation passing 5,000 percent by year-end, a senior IMF official said in an interview Sunday 18 March.
Philadelphia Fed Business Review, 1st Quarter 2007
The Federal Reserve Bank of Philadelphia published its Business Review for the First Quarter 2007 on 20 March. In the article "Trade deficits aren't as bad as you think," George Alessandria offers an alternative view to the mainstream: Trade deficits…
Macedonia's Goshev on the EFSE
In the speech 'Promotion of the European Fund for Southeast Europe - EFSE in the Republic of Macedonia' given on 1 March Petar Goshev of the National Bank of the Republic of Macedonia said the scope for the EFSE's policies directed towards micro and…
Structural balances and revenue windfalls
In the ECB Working Paper "Structural balances and revenue windfalls: the role of asset prices revisited" the authors revisit one of the "missing links" between budget balances and the economic cycle, namely the impact of asset prices on fiscal revenues.
Analysts say China rate hike hurt property market
China's residential property market and heavy borrowers will be the main victims of the People's Bank of China's latest interest rate hike, analysts at Credit Suisse said in a report published Monday 19 March.
Philadelphia Fed Business Outlook Survey, Mar 2007
According to the firms surveyed for the Philadelphia Fed's March 2007 Business Outlook Survey, activity in the region's manufacturing sector was mostly steady again this month.
RBI's Leeladhar on Indian financial sector reforms
In the speech 'Indian financial sector reforms' given on 5 March V Leeladhar of the RBI said with the increasing levels of globalisation of the Indian banking industry, evolution of universal banks and bundling of financial services, competition in the…
ECB's Bini Smaghi on the world economy
In introductory remarks at Internationaler Club Frankfurter Wirtschaftsjournalisten given on 14 March Lorenzo Bini Smaghi of the ECB said Asia not only makes a strong contribution to world economic growth but also plays a "shock-absorbing" role in the…
Bank of England Quarterly Bulletin, Q1 2007
The Bank of England published its First Quarter 2007 Quarterly Bulletin on Monday 19 March. The latest issue says rises in UK interest rates have been a major factor behind gains in the pound over the past year.
2010 GCC currency union date is 'challenge'
Currency union by 2010 in the Gulf region is a challenge, but could be achieved if the Gulf countries act swiftly, Central Bank of Bahrain governor said in an interview Sunday 18 March.
PBOC's Zhou worried over China CPI trend
People's Bank of China governor Zhou Xiaochuan told reporters on Sunday 18 March he was not worried about the current level of inflation but was concerned with the inflation trend.
Meirelles says Brazil's 2007 inflation benign
Brazil's 2007 inflation scenario is benign, but the central bank remains vigilant, the bank's chief said on Monday 19 March.
BoE's Sentance on the changing pattern of savings
In the speech 'The changing pattern of savings: Implications for growth and inflation' given on 15 March Andrew Sentance of the Bank of England warned of possible inflationary risks from strong consumer spending levels.
Mboweni on the role of the SARB and consumers
In the speech 'The role of the South African Reserve Bank in the protection of consumers' given on 15 March Tito Mboweni of the South African Reserve Bank said that while the central bank aimed to achieve price stability and low and sustainable inflation…
Tumusiime-Mutebile on African central banks
In the speech 'Business continuity and risk management in African central banks' given on 9 February Emmanuel Tumusiime-Mutebile of the Bank of Uganda said the three central banks in East Africa have spent a significant amount of resources to lay the…
New York Fed's Economic Policy Review, March 2007
The Federal Reserve Bank of New York has published the March 2007 edition of its Economic Policy Review. The latest edition includes the article "The Emergence of 'Regular and Predictable' as a Treasury Debt Management Strategy".