Economics
Canadian inflation targets need debate
Canadians need to debate the Bank of Canada's inflation-targeting program, according to an e-brief released Tuesday 17 October by the C.D. Howe Institute, if they wish to set the stage for future improvements.
BOJ says regional economies expanding moderately
Japan's regional economies are all generally showing signs of moderate expansion although differences exist in growth rates between the various regions, the Bank of Japan said in a quarterly report on Thursday 19 October.
BoE's Lomax does not see economic boom coming
Bank of England deputy governor Rachel Lomax said in an interview published Thursday 19 October that recent increases in UK house prices are not a sign that the UK is set for another boom in the economy.
ECB should not look far ahead on rates - IMF
IMF chief economist Raghuram Rajan warned the European Central Bank on Wednesday 18 October not to have a predetermined plan for further increases in eurozone rates but to base decisions on economic data.
RBNZ and The Treasury release conference book
The Reserve Bank of New Zealand and The Treasury released a book entitled "Testing stabilisation policy limits in a small open economy" on Monday 16 October. The book contains the proceedings of a conference held in Wellington on June 12th this year.
St Louis Fed's Poole on data, data & yet more data
In the speech 'Data, data and yet more data' given on 16 October William Poole of the Federal Reserve Bank of St. Louis said the case for making data readily available is simple.
Fed's Bies on enterprise risk management
In the speech 'A supervisory perspective on enterprise risk management' given on 17 October Susan Schmidt Bies of the Federal Reserve said that bankers need to beware of their home mortgage lending because there were signs that U.S. housing markets are…
How to save the young from the burden of pensions
According to this article by Lorenzo Bini Smaghi, published in the Financial Times on Wednesday 18 October, the introduction of an EU constitutional rule to prevent young workers being discriminated against in pension reforms is needed.
Interview with Central Bank of Ireland's Hurley
Irish central bank governor John Hurley told the Financial Times in an interview published Wednesday 18 October that rising eurozone interest rates are starting to cool the booming Irish housing market, but economic growth in the country will remain…
BOJ denies report is to strengthen yen monitoring
The Bank of Japan has denied a newspaper report published Tuesday 17 October by the Nihon Keizai Shimbun without citing sources that it plans to enhance its monitoring of yen carry trade transactions by hedge funds and other investors.
Bank of Russia's Paramonova not reappointed
Bank of Russia chairman Sergei Ignatyev said Wednesday 18 October that Tatyana Paramonova would not be considered for reappointment as a managing board member.
Chicago Fed's Moskow on U.S. economic outlook
In the speech 'U.S. economic outlook' given on 12 October Michael Moskow of the Federal Reserve Bank of Chicago said policy makers may need more rate increases to lower inflation.
Bank of Japan Monthly Report, October 2006
The Bank of Japan published the English version of its October 2006 monthly report on Tuesday 17 October. In the report the BOJ stood by its previous assessment of the economy, saying it is expanding moderately, while deflationary pressure is easing.
IMF's Carstens steps down for Mexican post
Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.
Bank of Thailand appoints Tarisa as governor
Thailand's Cabinet approved on Tuesday 17 October the appointment of Tarisa Watanagase, Bank of Thailand deputy governor, to take over as governor, the first female governor in the bank's 64-year history.
National Bank of Belarus - Annual Report 2005
According to the National Bank of Belarus' Annual Report 2005, the economic situation in 2005, on the whole, was characterized by high rates of growth of GDP, and production of goods and services in most industries of the economy.
Trichet: How to elevate Europe's potential growth
In the speech 'How to elevate the potential growth rate of Europe' given on 16 October Jean-Claude Trichet of the ECB said the euro zone's growth potential is "mediocre" and structural reforms are urgently needed to boost economic growth.
ECB's Stark on the euro area's role
In the speech 'The euro area's role in the global economy' given on 13 October Jurgen Stark of the ECB said while EMU is a success story with respect to the single monetary policy a lot needs to be done in the areas of fiscal policies and structural…
Mboweni on the challenge of employment equity
In the speech 'The challenge of employment equity with specific reference to transformation at the South African Reserve Bank' given on 13 October Tito Mboweni of the SARB said the progress we have made at the SARB with employment equity since 1999 has…
Yi says China's yuan will rise gradually
China's yuan will rise gradually to off-set long-term appreciation pressure, People's Bank of China assistant governor Yi Gang said Monday 16 October.
BNM's Zeti says Islamic banking well capitalised
The country's Islamic banking industry remains well-capitalised considering the latest financial indicators, Governor of Bank Negara Malaysia Tan Sri Dr Zeti Akhtar Aziz said Monday 16 October.
National Bank of Azerbaijan - Annual Report 2005
According to the National Bank of Azerbaijan's Annual Report 2005, in 2005 the country's economy was characterized by a high growth rate of GDP, production and non-production investments.
Fed's Mishkin on globalization: A force for good
In the speech 'Globalization: A force for good?' given on 12 October Frederic Mishkin of the Federal Reserve said developing countries need to develop good institutions that allocate capital efficiently in order to raise living standards.
Federal Reserve Board - Beige Book, October 2006
The Federal Reserve published its October 2006 Beige Book survey on 12 October. Half of the Fed's 12 districts reported moderate or mixed economic growth in September, while four noted stronger growth, according to the report.