Economics
Ghana's currency to lose four zeros in 2007
Ghana's cedi will lose four zeroes next July 2007, a central bank official said on Monday.
Russia worries about capital inflows
Russia's central bank on 29 November raised its forecast for capital inflows this year and has hinted at tighter banking reserve requirements to slow the inflow of cash.
IMF strengthening framework for surveillance
The IMF on 29 November released the staff report on the revised and extended methodologies for exchange rate assessments by its consultative group on exchange rate issues.
Gonzalez-Paramo: fixed FX will help Cyprus
Jose Manuel Gonzalez-Paramo, member of the executive board of the ECB, said at a recent conference that Cyprus' experience of adjustment under fixed exchange rate regimes would help the country in its goal of adopting the euro.
De Rato: how to integrate financial and real secto
The managing director of the IMF, Rodrigo de Rato, on 23 November discussed the challenges facing policymakers in integrating financial and real sectors of the economy.
November beige book released by Fed
The Federal Reserve recently released the latest issue of the beige book, an informal review series by the banks of current economic conditions.
RBA: Separating "signal" from "noise" in inflation
Estimating underlying inflation is crucial in monetary-policy making that uses "noisy" CPI data in forecasting. In a recent speech Tony Richards, head of economic analysis at the RBA, set out work the central bank has done in this area.
Growth, profitability and regulation in Caribbean
Sir K. Dwight Venner, governor of the Eastern Caribbean Central Bank, set out his vision of how the Caribbean can grow through opening up capital and labour markets in the region.
UK rates have peaked - OECD
British interest rates are likely to have hit their peak according to the OECD's latest Economic Report, released on 28 November.
IMF ups eurozone growth forecast
The IMF's European department director, Michael Deppler, said on 28 November that the Fund has raised its eurozone growth forecast for both this year and next.
Chinese growth "low quality" says vice-governor
In a candid speech, the vice governor of the People's Bank of China, Wu Xiaoling, raised some question about the sustainability of China's economic growth.
Norway's pension fund snubs
The Norges Bank-managed state pension investment fund has reportedly blacklisted several large international corporations, including the world's largest retailer Wal-mart, for "alleged human rights and labour abuses."
PBoC not focused on fine-tuning - deputy
The People's Bank of China is draining excess liquidity in order to maintain the differential between domestic and international interest rates, and not to stabilise output or reduce domestic investment, says Wu Xiaoling, the vice governor of the central…
Bernanke to join Paulson in China
Federal Reserve chairman Ben Bernanke will follow in the footstep of his predecessor, Alan Greenspan, by accompanying the US Treasury secretary to Beijing next month.
Euro entry unpredictable - Hungarian CB chief
The National Bank of Hungary believes it is no longer possible to say when the country will be ready to join the euro.
SA's Trevor Manuel to lead G20
South Africa's veteran finance minister, Trevor Manuel, has called on the group of 20 (G20) finance ministers and central bank governors to "build windmills in the calm of current global financial stability."
Lower growth, inflation forecast in US - survey
The rate of growth in US output over the next few quarters looks slower now than it did just three months ago, according to 51 forecasters surveyed by the Federal Reserve Bank of Philadelphia.
Focus on distortions - Blanchard
In his Mundell-Fleming Lecture, MIT economist Oliver Blanchard suggests that the outcome of potential government intervention to address current global imbalances is uncertain.
Chicago Fed inflation conference report
The December 2006 "Chicago Fed Letter" summarises the findings of a conference hosted by the Federal Reserve Bank of Chicago's Inflation Research Center on price stability.
Explaining US imbalances
In this new NBER working paper, Fabrizio Perri and Alessandra Fogli argue that an external imbalance is a natural consequence of the decline in the volatility of the US business cycle.
Sri Lanka could grow at 8% in 2007
Sri Lanka's economy could grow at 8% in 2007 if the violence and security concerns in the country are reduced, the central bank governor said in an interview.
PBOC establishes South Pacific office in Sydney
The People's Bank of China (PBOC) announced the establishment of its representative office for the South Pacific in Sydney. The office started operation on November 19, 2006.
BoJ cautiously optimistic on economic prospects
The Bank of Japan released a statement by Toshihiko Fukui, the governor of the central bank, on 22 November indicating moderated optimism about the country's economic prospects.
Norwegian Pension Fund biggest in Europe
Norway's central bank announced on 21 November the Government Pension Fund, now valued at 207 billion Nkr ($32.5 billion) and managed by the Norges Bank, is now the largest pension fund in Europe.