Economics

PBOC's Su says yuan flexibility to increase

China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.

ECB alert to inflation danger - Trichet

European Central Bank president Jean-Claude Trichet said in an interview due for release on Friday 15 September that the ECB bank remains on the alert about euro zone inflation dangers.

Prime Tass to publish Russian central bank data

The Prime Tass economic news agency has won the right to publish and distribute the Central Bank of Russia's periodicals, the Bank's Public Relations Department reported on Tuesday 12 September, quoting a decision of the contest commission.

Dallas' Rosenblum on inflation rate measure

In the speech 'The trimmed mean PCE inflation rate: A fitter, trimmer core measure' given on 10 September Harvey Rosenblum of the Federal Reserve Bank of Dallas said the Federal Reserve should move away from using inflation measures that exclude food and…

Afghan bank takes a gamble on success

According to this article published Wednesday 13 September on The Age's website, banking in Afghanistan is in a colourful class of its own, where entering the central bank on the wrong day can mean risking your life.

Tietmeyer may become 'God's banker'

According to the Catholic News website, Pope Benedict has sounded out former Bundesbank president Hans Tietmeyer for the key post as head of the Institute for Religious Works, better known as the Vatican Bank.

SF Fed's Yellen says rates may have to go up

Federal Reserve Bank of San Francisco President Janet Yellen reiterated Tuesday 12 September her concerns about inflation, and again said now is a time for policy makers to gauge how past interest-rate hikes are affecting the economy.

Comment on central banking

The Financial Times published three interesting articles on Tuesday and Wednesday 13 September, including a piece on the IMF by Rachel Lomax and Tiff Macklem.

Boston Fed's Minehan on the US economy

In a speech given on 11 September Cathy Minehan of the Federal Reserve Bank of Boston said the risks of both slower economic growth and higher inflation have grown this summer, complicating the job of monetary policy makers.

Bank of Japan Monthly Report, September 2006

The Bank of Japan published the English version of its September 2006 monthly report on Tuesday 12 September. In the report the BOJ maintained its bullish assessment of the nation's economy, citing brisk capital investment and rising production.

Reserve Bank of Australia - Annual Report 2006

The Reserve Bank of Australia's Annual Report 2006, published Tuesday 12 September, said the RBA has given the federal government a $1.5 billion payout as its assets under management topped $100 billion, the report said.

Calls for independence for Yemen's central bank

The Yemen opposition alliance has called for the formation of a national committee for supervising the central bank and oil revenues after being accused by President Ali Abdullah Saleh of planning to steal the country's assets.

Interview with Central Bank of Iran's Mojarad

In an interview with Dow Jones published Saturday 9 September, the Central Bank of Iran's vice governor Mohammad Jafar Mojarad said it will be difficult for the west to impose sanctions on Iran given its key role as a major oil exporter.

Report says G7 forex section still undecided

Ministers of Group of Seven leading nations have yet to decide the wording on currency policy at their upcoming summit, Kyodo news reported Tuesday 12 September citing a draft of the final statement.

BIS Quarterly Review, September 2006

The Bank for International Settlements published its September 2006 Quarterly Review on Monday 11 September. The report said Asian central banks which have intervened to limit currency strength may be forced to raise interest rates or let their…

Why the world has no need for central banks

According to this article published Sunday 10 September by John Blundell, director general of the Institute of Economic Affairs in The Business, the world can well do without central banks and their mistakes.

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