Economics

Bank of Sudan's Hassan sees 2007 growth up

In an interview with Reuters on Wednesday 10 January, Sudan's central bank governor Sabir Mohamed Hassan said the currency's appreciation against the dollar was worrying and the central bank was considering taking measures to address it.

Balcerowicz exits NBP, legacy at risk

According to this article from Bloomberg, published Wednesday 10 January, as Leszek Balcerowicz steps down as governor of the National Bank of Poland at midnight Wednesday, government attempts to reduce its independence may tarnish his legacy.

IMF paper on benefits of inflation targeting

The IMF Working Paper 'Testing the transparency benefits of inflation targeting: Evidence from private sector forecasts' tests whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries.

Fundanga on Bank of Zambia retirees

In the speech 'Bank of Zambia retirees' given on 12 December Caleb M Fundanga of the Bank of Zambia said retirement should not be viewed as an end but rather as a beginning of a new life.

Fed's Kohn on the economic outlook

In the speech 'The economic outlook' given on 8 January Donald Kohn of the Federal Reserve said the US economy is expected to continue to grow at a moderate pace and prices should rise at a slower rate in the coming year.

Zavala says BCV autonomy vital

Central Bank of Venezuela (BCV) director Domingo Maza Zavala said in an interview he is certain that the institution needs to be autonomous in order to operate properly.

Boston Fed's Minehan on the economic outlook

In a speech given on 5 January Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. economy will likely pick up again this year while price pressures ebb, but inflation remains a challenge for policymakers.

Central Bank of Russia - Annual Report 2005

According to the Central Bank of Russia's Annual Report 2005, the macroeconomic situation in 2005 was characterised by rapid economic growth, which exceeded the official forecast for the year.

BNM's Zeti at the INCEIF Strategic Partnership

In welcoming remarks at the INCEIF Strategic Partnership 2006 given on 14 December Dr. Zeti Akhtar Aziz of the Bank Negara Malaysia said one of the strategic steps that INCEIF has initiated is the forging into strategic alliances with the five takaful…

Canadian dollar fall 'unsurprising': Dodge

Bank of Canada governor David Dodge said the decline in the Canadian dollar reflects ``fundamentals,'' and isn't ``surprising'' in light of slowing economic growth and a decline in crude oil prices.

IMF's Rato says euro, Fed rates may have to rise

The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.

Inflation targeting fails in first yr in Turkey

According to this article published by the Turkish Daily News on Saturday 6 January, Turkey's long-awaited "inflation targeting" has failed in its first year, and there is a big chance it will be unsuccessful in 2007.

Surprise choice for Polish central bank

According to this article from the Financial Times, published Thursday 4 January, Slawomir Skrzypek's nomination as the next head of the National Bank of Poland was received with surprise due to his lack of economic credentials and his close links to the…

Outgoing fin min Merentes may join BCV board

Venezuela's outgoing Finance Minister Nelson Merentes said Thursday 4 January that he will join the board of the Venezuelan Central Bank (BCV), Reuters reported. However, no appointment has been made official yet.

Deloitte chief linked to Hungarian cb job

The chief of the Hungarian arm of auditing and consulting group Deloitte, Andras Simor, was tipped on Friday 5 January by daily Nepszabadsag to become the new governor of Hungary's central bank.

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