Economics
US renews calls for China yuan reform
US Deputy Treasury Secretary Robert Kimmitt on Friday 17 November called on China to move more quickly to reform its currency and said he would likely discuss the issue with Chinese officials at the Group of 20 meeting in Melbourne.
How far apart are two ACUs from each other?
The Bank of Japan Working Paper "How far apart are two ACUs from each other?: Asian Currency Unit and Asian Currency Union" examines the future evolution of the Asian currency arrangements from broader perspectives, including the optimal currency area…
ECB's Bini Smaghi on ageing and pension funds
In the speech 'Ageing, pension funds and household wealth allocation in the euro area' given on 15 November of the ECB said shifts in households' financial investments and liabilities complicate the ECB's analysis of money and credit growth.
SARB's Mboweni on supporting development
In the speech 'Joining hands in support of development' given on 14 November Tito Mboweni of the South African Reserve Bank said the SARB will remain resolute to keep inflation under control, and not hesitate to change monetary policy before Christmas if…
Ingves on a modern financial sector in Sweden
In the speech 'The development of a modern financial sector in Sweden' given on 15 November Stefan Ingves of the Sveriges Riksbank said the development in Sweden from a highly restricted and limited financial system to a system which is quite open and…
Fed's Kroszner on conquest of worldwide inflation
In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world…
Rubin, Volcker see shift away from dollar
Robert E. Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker have questioned whether foreign investors will keep increasing dollar holdings.
Bernanke seen as unlikely to push inflation target
This article from the Finanical Times, published Wednesday 15 November, says that fallout from the Democrats recent victories could include a slow down in Ben Bernanke's drive to lead the Federal Reserve towards adopting a numerical inflation target.
St Louis Fed's Poole on U.S. labor input
In the speech 'U.S. labor input in coming years' given on 14 November William Poole of the Federal Reserve Bank of St. Louis said the aging U.S. workforce and a declining number of people who want to work may hit growth and make the central bank's job…
Bank of England Inflation Report, November 2006
The Bank of England published its November 2006 Inflation Report on 15 November. At a press conference BoE governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one.
RBI's Reddy warns on asset prices
Reserve Bank of India governor Y V Reddy told the Financial Times in comments published Wednesday 15 November that Indian property prices are rising uncomfortably fast.
ADB names Rajat Nag as MD general
The Asian Development Bank announced Tuesday 14 November it has appointed Rajat M. Nag as its new Managing Director General.
Trichet at the ECB's Central Banking Conference
In his closing speech at the Fourth ECB Central Banking Conference given on 10 November Jean-Claude Trichet of the ECB said in assessing the success of central bank policy, the historical context always needs to be taken into account.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2006 Survey of Professional Forecasters on 13 November. The rate of growth in U.S. output over the next few quarters looks slower now than it did just three months ago, according to 51…
Noyer: Does money matter? A European perspective
In the speech 'Does money matter? A European perspective' given on 9 November Christian Noyer of the Bank of France said euro zone money supply growth may remain strong because of a structural increase in the demand for money.
Philadelphia Fed Business Outlook Survey, Oct 2006
According to the firms surveyed for the Philadelphia Fed's October 2006 Business Outlook Survey, the pace of activity in the region's manufacturing sector was generally steady in October.
Central Bank of Kenya - Annual Report 2006
According to the Central Bank of Kenya's Annual Report 2006, the economy grew by 5.8 percent in 2005 compared with 4.9 percent in 2004.
Economic woes await next Congo president
According to this article published Thursday 9 November by AFX, whoever emerges winner of Congo's recent presidential election will have a hard time wooing back citizens who have given up on institutions in favour of a giant shadow economy.
Bernanke holds fewer political meetings
According to data gathered by an academic, Federal Reserve chairman Ben Bernanke is holding fewer political meetings than his predecessor, Alan Greenspan, did in the last five years of his term at the Fed.
Democrats may oppose Bernanke's inflation target
According to this article published Thursday 9 November by Bloomberg, it may become harder for Federal Reserve chairman Ben Bernanke to establish an inflation target now that Democrats have control of the U.S. Congress.
'The Region' from the Minneapolis Fed, Sep 06
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2006. The latest edition carries an interview with Harvard professor Martin Feldstein in which he comments on the current course of monetary policy and…
ECB's Stark on the role of money
In the speech 'The role of money: Money and monetary policy in the twenty-first century' given on 9 November Jurgen Stark of the ECB said the weight given to money growth in ECB interest rate decisions has varied over time, depending on the signals it…
Interview with National Bank of Slovakia's Sramko
In an interview with Deutsche Presse-Agentur, published Wednesday 8 November, National Bank of Slovakia governor Ivan Sramko said Slovakia needs to step up efforts if it is to meet its tight deadline for joining the euro in January 2009.
New York Fed announces Kos to leave
The Federal Reserve Bank of New York announced Wednesday 8 November that Dino Kos, the head of market operations, will resign to pursue interests outside the bank.