Economics
Fed's Bernanke on energy and the economy
In the speech 'Energy and the economy' given on 15 June Ben Bernanke of the Federal Reserve said a quickening in inflation outside the volatile food and energy areas, and a bit of a run-up in gauges of expected inflation, had caught his eye.
IMF Paper: Statistics for a GCC currency union
Looking ahead to the creation of a Gulf Cooperation Council (GCC) Currency Union in 2010, the IMF Working Paper "Principles for development of statistics for a Gulf Cooperation Council currency union" covers some implications for the statistical programs…
Fukui earned 'some million yen' from Murakami fund
Bank of Japan governor Toshihiko Fukui said Friday 16 June that he made millions of yen in profit from his investment in the fund of Yoshiaki Murakami that prompted some calls for his resignation.
Fed's Kroszner says inflation is less comfortable
Federal Reserve governor Randall Kroszner said on Thursday 15 June that broad measures of U.S. inflation are rising to less comfortable levels and the Fed will keep monitoring price pressures.
Juncker issues icy reply to Trichet
Jean-Claude Trichet, the European Central Bank president, has been sharply criticised by Jean-Claude Juncker, Luxembourg's prime minister, in an interview with Financial Times Deutschland, for refusing to discuss strengthening economic co-operation…
EU confirms Slovenia's 2007 euro entry
EU leaders ended their spring summit Friday 16 June by welcoming Slovenia as the 13th member of the euro single currency.
Comment: Eastern European tightrope
Amidst renewed inflation fears in the developed world and the prospects of further interest rate hikes there, a number of central banks in Eastern Europe and the Baltics will be silently grateful for a little bit of latitude. But with question marks…
Czech National Bank - Annual Report 2004
According to the Czech National Bank's Annual Report 2004, the period covered by this Annual Report saw significant changes for the Czech Republic and the Czech National Bank.
Federal Reserve Board - Beige Book, June 2006
The Federal Reserve published its June 2006 Beige Book survey on 14 June. The U.S. economy continued to expand from mid-April to early June, but there were signs of slowing growth and inflation, the report said.
ECB Monthly Bulletin, June 2006
The European Central Bank published its June 2006 Monthly Bulletin on Thursday 15 June. In the report the ECB said inflation risks from strong money supply growth have become much clearer over the past two years.
Dallas Fed's Fisher on the economy at midyear
In the speech 'The economy at midyear' given on 14 June Richard Fisher of the Federal Reserve Bank of Dallas emphasised that the Federal Reserve was serious in keeping inflation at bay.
ECB's Trichet on the Paris Club's 50th Anniversary
In the speech 'Celebrating the 50th Anniversary of the Paris Club' given on 14 June Jean-Claude Trichet of the ECB said the concept of the Paris Club seems to have been in many respects a precursor signalling some of the main features that later proved…
Official: China banks must improve risk management
China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.
Fukui says reserve level reduction nearly complete
Bank of Japan governor Toshihiko Fukui said Thursday 15 June that the reduction in the level of banks' current account reserves at the BOJ is nearly complete.
Comment: May inflation surprise
In a murky environment, this week's inflation data was billed as crucial to providing clarity on the future direction of US interest rates in the months to come. By that logic, another hike in two weeks time is a certainty, with another probably…
Reserve Bank of New Zealand Bulletin, June 2006
The Reserve Bank of New Zealand published the June 2006 issue of its Bulletin on 14 June. With banks increasingly operating across geographical borders, a major issue for banking supervisors around the globe is how those banks should be supervised by…
Fed's Bernanke on increasing economic opportunity
In the speech 'Increasing economic opportunity: Challenges and strategies' given on 13 June Ben Bernanke of the Federal Reserve said low-wage workers who receive training in how to use banks, to save and pay bills have a better chance of improving their…
Fed's Olson on the Home Mortgage Disclosure Act
In testimony 'Home Mortgage Disclosure Act' given on 13 June Mark Olson of the Federal Reserve said data collected under the U.S. Home Mortgage Disclosure Act raise troubling questions about lending to black and Hispanic borrowers and more research is…
Rato on the IMF in Asia and the global economy
In the speech 'The changing role of the IMF in Asia and the global economy' given on 13 June Rodrigo de Rato of the IMF said reinventing the IMF may have come just in time as world markets recoil amid rising inflation and interest rates.
Bernanke says world better with flexible yuan
Federal Reserve chairman Ben Bernanke said on Monday 12 June both China and the world economy would be better off if China allowed the value of its yuan to be determined by a more flexible, market-determined system.
Meirelles: Brazil's CPI expectations 'anchored'
Brazil's central bank president Henrique Meirelles has said inflation expectations among investors are "well anchored" in Latin America's biggest economy.
Senate backs Kohn's Fed nomination
The Senate Banking Committee on Wednesday 14 June approved the nomination of U.S. Federal Reserve governor Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.
IMF's Krueger on the global economy and the IMF
In the speech 'Stability, growth, and prosperity: The global economy and the IMF' given on 7 June Anne Krueger of the IMF said we urgently need further progress in the Doha round of trade negotiations, and we need to make progress on a multilateral…
Chile's Corbo on central banks & global imbalances
In the speech 'Central banks and global imbalances' given on 9 June Vittorio Corbo of the Central Bank of Chile said the way in which global imbalances will unwind is one of the major uncertainties that central bankers face.