Economics
PBOC advisor says yuan rise may increase surplus
Further yuan appreciation could cause China's trade surplus to increase rather than shrink, a leading advisor to the Chinese central bank told a conference on Sunday 21 January.
ECB's Liikanen says inflation remains a big risk
European Central Bank Governing Council member Erkki Liikanen said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported Sunday 21 January.
Buba's Weber warns on German wage hikes
Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.
Fed's Bernanke on fiscal challenges facing the US
In testimony 'Long-term fiscal challenges facing the United States' given on 18 January Ben Bernanke of the Federal Reserve said the economy could be gravely hurt if Social Security and Medicare aren't revamped, and he called on lawmakers to tackle the…
BoT's Tarisa says exports likely to decline
Bank of Thailand governor Tarisa Watanagase on Thursday 19 January said the Thai economy would grow at a slower pace this year since exports are likely to decline.
Hungary plans central bank independence increase
Hungary's government is proposing an amendment to the country's Central Bank Act to increase the independence of monetary policy makers, a spokesman at the Finance Ministry has said.
Zimbabwe: Yet another challenging year for Gono
According to this recent article from the Financial Gazette, Reserve Bank of Zimbabwe governor Gideon Gono's turnaround efforts are likely to be gambled on short-term succession politics.
Europe's club of nations needs a rule change
According to this article by Zdenik Tma, governor of the Czech National Bank, first published by the Financial Times on 4 January, ERM-2 rules might have been perfectly legitimate in the past, but today they are outdated and -counter-productive.
ECB Monthly Bulletin, January 2007
The European Central Bank published its January 2007 Monthly Bulletin on Thursday 18 January. In the report the ECB said it will continue to monitor all economic developments very closely to ensure that euro zone inflation remains under control.
Federal Reserve Board - Beige Book, January 2007
The Federal Reserve published its January 2007 Beige Book survey on Wednesday 17 January. The economy entered the new year in pretty good shape, with most parts of the country enjoying moderate growth and businesses increasing hiring, according to the…
BoE's Besley on inflation and the service sector
In the speech 'Inflation and the service sector' given on 18 January Timothy Besley of the Bank of England said he expects limited spare capacity in the services sector to drive up wages in the wider economy.
SF Fed's Yellen on the U.S. economy in 2007
In the speech 'The U.S. economy in 2007: Prospects and puzzles' given on 17 January Janet Yellen of the Federal Reserve Bank of San Francisco said inflation is too high at the moment, but the current level of a key interest rate is high enough to bring…
EU's Almunia positive on 2007 inflation
European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.
CBK says economy to grow 6%
The Central Bank of Kenya said Thursday 18 January in its monthly report that the economy grew at the rate of 5.8 per cent last year and will grow at 6 per cent this year.
ECB paper 'Adjusting to the euro'
In this ECB Working Paper the authors argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents.
Fischer on the Bank of Israel's achievements
In the speech 'Bank of Israel's achievements' given on 2 January Stanley Fischer of the Bank of Israel said much of the recent criticism of the Bank of Israel is unjustified and petty, but some is justified, and we treat that part very seriously and are…
Basant Roi on the Bank of Mauritius' new HQ
In the speech 'Bank of Mauritius' new headquarters' given on 18 December R Basant Roi of the Bank of Mauritius said a particular feature of the new building is the wide range of special security provisions.
BoE's Sentance on inflation and the UK economy
In the speech 'Inflation and the supply side of the UK economy' given on 16 January Andrew Sentance of the Bank of England warned that the level of domestic demand in the UK needs to restrained in order to bring inflation back to the level targeted by…
ECB's Trichet says 'Welcome to the Euro'
In a speech at the Celebration "Welcome to the Euro" given on 15 January Jean-Claude Trichet of the ECB congratulated Slovenia for its successful integration with the euro area and the adoption of the euro.
ECB's Gonzalez-Paramo on Slovenia's euro entry
In the speech 'Welcome to the euro, farewell to the tolar' given on 15 January Jose Manuel Gonzalez-Paramo of the ECB said the introduction of euro cash in Slovenia represented a highly successful continuation of the 2002 cash changeover.
Kyodo says BOJ unlikely to raise rates this week
The Bank of Japan is unlikely to raise interest rates at this week's policy meeting, Kyodo news agency reported on Tuesday 16 January, quoting "sources familiar with the matter".
Tarisa says BoT created 'uncertainty'
The Bank of Thailand deliberately created "uncertainty" in the foreign exchange market to drive out speculators from Japan and the U.S. when it imposed curbs on investment, governor Tarisa Watanagase told Bloomberg in an interview Monday 15 January.
Russian central bank submits board candidates
The Bank of Russia has submitted Alexei Simanovsky and Mikhail Sukhov to the State Duma as candidates for vacant seats on the central bank's board of directors, Vyacheslav Reznik, chairman of the Duma committee for credit organizations and financial…
Boston Fed's Minehan on the economic outlook
In a speech given on 12 January Cathy Minehan of the Federal Reserve Bank of Boston said the US economy appears to be on track for the elusive "soft landing," but rising prices are still the key worry for policymakers at the Federal Reserve.