Economics
Chavez set to receive decree powers Wednesday
Venezuela's Congress has delayed by a day its vote to give president Hugo Chavez decree powers enabling him to nationalise oil and utility assets and strip the central bank of its autonomy.
Fischer on challenges facing the Israeli economy
In the speech 'Overview and challenges facing the Israeli economy' given on 23 January Stanley Fischer of the Bank of Israel said looking forward, we estimate that the economy will grow this year by 4.6 percent and that inflation will reach the target…
Fundanga on developments in the Zambian economy
In the speech 'Recent significant developments in the Zambian economy' given on 24 January Caleb Fundanga of the Bank of Zambia said the economy has seen positive and significant real GDP growth rates over the last 7 years.
Central Bank of Ireland, Quarterly Bulletin 1/2007
The Central Bank and Financial Services Authority of Ireland has published its First Quarterly Bulletin for 2007. According to the Bulletin, against a broadly favourable international background, the outlook for the Irish economy remains generally good.
What explains the US net income balance?
According to this BIS Working Paper, despite a significant deterioration in the US net foreign asset position, there has not been a corresponding deterioration in the net income balance.
Chou promoted at Taiwan central bank
According to the Taipei Times, the central bank of China in Taiwan announced Monday 29 January that George Chou, who serves as director-general of the foreign exchange department, will be promoted to the position of deputy governor.
Germany's Steinbrueck defends 'sacrosanct' ECB
German Finance Minister Peer Steinbrueck insisted Tuesday 30 January that European Central Bank independence was "sacrosanct" amid calls from some politicians for a more accountable ECB.
PBOC 'closely monitoring' property prices - report
China's central bank is "closely monitoring" domestic property prices, state media quoted the People's Bank of China governor as saying Tuesday 30 January.
Ex-Fed's Rivlin says Bernanke gets an 'A'
"In general, I think he's doing a very good job...I think he gets an A on several different grounds," former Federal Reserve vice chairwoman Alice Rivlin told Kyodo News in an interview published Monday 29 January, ahead of the anniversary of Bernanke's…
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
Fed has yet to set target on inflation
According to this article from The New York Times, published Tuesday 30 January, as Ben Bernanke celebrates his first anniversary as Fed chairman, the US central bank is still far away from acting on his major proposal.
ECB's Gonzalez-Paramo on liquidity management
In the speech 'The challenges to liquidity management in the euro area: the perspective of the ECB' given on 25 January Jose Manuel Gonzalez-Paramo of the ECB said we are still investigating the underlying causes for the upward pressure on short-term…
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community - a partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of the Philippines said inflation is seen to continue to slow down in 2007, with the government target of…
Pakistan's Akhtar on shariah compliance
In the speech 'Shariah compliant corporate governance' given on 27 November Shamshad Akhtar of the State Bank of Pakistan said Pakistan has adopted a three tiered, somewhat unique, Shariah Compliance Mechanism and process to ensure a deeper and extensive…
Europe's uneven growth challenge
According to this article on the Project Syndicate website, growth has become less evenly balanced throughout the eurozone with the resurgence in German growth.
Buba's Remsperger sees German recovery into 2008
Bundesbank executive board member Hermann Remsperger said in an interview with the Financial Times published Monday 29 January Germany's economic recovery has a good chance of continuing beyond 2007 and into next year.
PBOC's Wu says yuan to shift gradually
People's Bank of China deputy governor Wu Xiaoling said at the World Economic Forum that the yuan exchange rate will gradually become more flexible.
Buba's Weber says rates may have to rise
Bundesbank President Axel Weber said in an interview published Monday 29 January a further increase in euro zone interest rates may well be needed, if German wages increase steeply.
Bollard on financial services for New Zealand
In the speech 'Delivering sound and innovative financial services for New Zealand' given on 26 January Alan Bollard of the Reserve Bank of New Zealand said a lack of depth and breadth in New Zealand's capital markets is limiting economic growth and…
BI's Abdullah on stability for sustained growth
In the speech 'Capitalizing on stability for sustained growth' given on 12 January Burhanuddin Abdullah of the Bank Indonesia said that in confronting future challenges, we need the involvement and participation of all public elements, including the…
ECB's Stark on policy efforts for 2007
In the speech 'Applause for 2006 should not abate policy efforts for 2007' given on 25 January Jurgen Stark of the ECB warned of inflation risks in the eurozone and reiterated that the central bank will act to preserve price stability.
BoJ to discontinue its Quarterly Bulletin
The Bank of Japan said Friday 26 January it will stop publishing its Quarterly Bulletin from now on due to increased use of the internet. The last issue was the November 2006 edition, the BoJ said in a statement.
Ota says BoJ, govt share same view on economy
Japan's economic and fiscal policy minister Hiroko Ota said Thursday 25 January the Bank of Japan and the government share the same view on the state of the world's second-largest economy.
Ecuador's central bank defends itself with advert
Ecuador's central bank is taking out advertisements in the country's main newspapers to defend its independence after newly elected President Rafael Correa questioned the need for its autonomy.