Economics
Danmarks Nationalbank, Monetary Review 2nd Q 2006
The Danmarks Nationalbank's Monetary Review for the Second Quarter 2006, published 20 June, contains five articles: Recent economic and monetary trends, The sustainability of the low long-term bond yields, The Dutch economy over the last decade, Why have…
'The Region' from the Minneapolis Fed, June 2006
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2006. The latest edition includes an interview with Stanford economist, John B. Taylor, on inflation targets, exchange rates and the eponymous rule.
Study says markets on Fed's wavelength
According to a recent study by the Federal Reserve Bank of Cleveland, better communication by the U.S. central bank has dramatically cut mistakes by markets betting on future interest rate moves.
Dallas Fed study says Mexico financially sound
A study by the Federal Reserve Bank of Dallas has found that Mexico is in sound financial shape and should maintain economic stability through its upcoming presidential election.
PBOC adviser wants more monetary tightening
China should adopt more monetary tightening policies and may allow more yuan appreciation, People's Bank of China adviser Yu Yongding said.
Toothless Fed
According to this article from CNN Money, published Thursday 22 June, the Federal Reserve's ability to control the host of things that are driving inflation higher is rather limited.
Bank of England - Annual Report 2006
According to the Bank of England's Annual Report 2006, published Thursday 22 June, the MPC has remained successful in meeting its objective: inflation is currently close to target and output close to trend.
SARB's Quarterly Bulletin, June 2006
The South African Reserve Bank published its June 2006 Quarterly Bulletin on 22 June. According to the latest Bulletin, the fortunes of exporters of oil and other commodities continued to be bolstered by buoyant prices fetched by these products in the…
Central banks and the challenge of development
The BIS has published papers presented at a special meeting of central bank governors held in Basel, 14-15 March 2006. For the first time in more than 30 years, there has been a marked revival of growth in much of Africa, and inflation has been brought…
Chicago Fed National Activity Index, May 2006
The Chicago Fed National Activity Index for May 2006, published 22 June, was -0.16 in May, down from +0.26 in April.
Mervyn King's Mansion House Dinner speech
In a speech given on 21 June Mervyn King of the Bank of England said urged the government to introduce legislation to reform the Commercial Court following the collapse of the Bank of Credit and Commerce International trial. King also discussed the …
IMF's Krueger on globalization and flexibility
In the speech 'Globalization, flexibility and interdependence: Equipping economies for the 21st century' given on 13 June Anne Krueger of the IMF said if we have learned anything since the IMF was established more than sixty years ago, it is that the art…
Mark Olson resigns from Fed
Mark W. Olson submitted his resignation Wednesday 21 June as a member of the Board of Governors of the Federal Reserve System, effective June 30, 2006.
BOJ's Nishimura sees low rates problem
Keeping Japan's interest rates at low levels for a prolonged period may cause excessive investment by companies and overstimulate economic growth, according to Kiyohiko Nishimura, a Bank of Japan policy maker.
Koizumi urges BOJ to improve transparency
Japanese prime minister Junichiro Koizumi called on the Bank of Japan to improve its transparency on Thursday 22 June, following governor Toshihiko Fukui's investment with the Murakami fund, Finance Minister Sadakazu Tanigaki said.
Liikanen says euro area inflation risks on upside
Inflation risks in the eurozone are on the upside, European Central Bank Governing Council member Erkki Liikanen was quoted as saying by Finnish daily Demari in an interview published on Thursday 22 June.
Fukui on recent economic & financial developments
In the speech 'Recent economic and financial developments and the conduct of monetary policy' given on 20 June Toshihiko Fukui of the Bank of Japan said Japan's economy continues to grow, with domestic and external demand and also the corporate and…
ECB's Trichet on economic and monetary issues
In the testimony given on 21 June Jean-Claude Trichet of the ECB said the insight that price stability is the primary goal for monetary policy has also been translated into the mandates of central banks of advanced economies and also of a very large…
Ten million reasons BOJ's Fukui must resign
According to this article published by Bloomberg on Wednesday 21 June, Bank of Japan governor Toshihiko Fukui should stop apologising, clarifying and sidestepping, and just resign.
Hedge funds vs. central bankers
This article from the Los Angeles Times Service, published Wednesday 21 June, asks what on earth is going on with world stock markets?
Deutsche Bundesbank Monthly Report, May 2006
The Deutsche Bundesbank published the English version of its May 2006 Monthly Report on 20 June. The report said the outlook for the German economy is 'mainly favourable' as it expects domestic demand will continue to recover.
IMF's Rato on the changing global economy
In the speech 'Adapting to the changing global economy: The IMF's medium-term strategy' given on 16 June Rodrigo de Rato of the IMF said there is already considerable agreement on the broad policies that are needed to reduce global imbalances.
Former Fed vice chairman joining Swiss Re
Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.
Trichet will 'fiercely' defend ECB independence
European Central Bank president Jean-Claude Trichet told the European Parliament on Wednesday 21 June that he will "fiercely" defend the independence of the ECB.