Economics
Kyrgyz's Sarbanov acted in 'interests of state'
Ulan Sarbanov, the former governor of the National Bank of the Kyrgyz Republic, was acquitted in court on Wednesday 26 April, along with four other ex-finance officials.
Sao Tome's central bank governor to return
Officials have been quoted as saying that the former prime minister of Sao Tome and Principe, Maria do Carmo Silveira, is to return to her role as governor of the country's central bank, once the new government has taken office.
China's economy 'overheating a little bit'
People's Bank of China governor Zhou Xiaochuan said on Friday 28 April that the increase in the official Chinese benchmark lending rate is intended to rein in growth as the economy is "overheating a little bit".
ECB's Garganas says more rate hikes possible
European Central Bank Governing Council member Nicholas Garganas said on Thursday 27 April that more interest rate rises are probably on the way, with the timing dependant on economic growth and inflation developments.
Economic vs. Monetary Union
At a meeting at the London School of Economics Friday 28 April on the Legal Foundations on International Monetary Stability discussions focussed on the divergence between Europe's successful monetary union, and its stalled economic union.
Croatian National Bank - Annual Report 2004
According to the Croatian National Bank's Annual Report 2004, in 2004 Croatia experienced somewhat slower economic growth than in the preceding two years. At the same time, the country made progress in reducing external imbalances, and inflation remained…
Hamas appeals to banks to help end funding crisis
According to this article published on Wednesday 26 April, officials say the Palestinian economy could quickly collapse. The independent Palestine Monetary Authority is holding talks with the central banks of Egypt and Jordan to find a way out, it says.
We hardly knew ye, conundrum; Now you're gone
According to this article published on Thursday 27 April, once Alan Greenspan was no longer around to articulate hypothetical explanations for the long-rate conundrum, it vanished with the former Fed chairman.
Federal Reserve Board - Beige Book, April 2006
The Federal Reserve published its April 2006 Beige Book survey on 26 April. U.S. economic activity continued to expand across the country in March and the first half of April, but higher energy prices put pressure on costs, the report said.
BoE's new framework for sterling money markets
The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.
Fed's Bernanke on the outlook for the U.S. economy
In testimony 'Outlook for the U.S. economy' given on 27 April Ben Bernanke of the Federal Reserve said that rising energy prices jeopardize a currently strong economy.
Iceland considers joining euro
Iceland could seek to join the euro, according to Prime Minister Halldor Asgrimsson.
Free trade is king, says BoE chief
Bank of England Governor Mervyn King said on Thursday 27 April that resisting protectionism is the key to prosperity.
China surprises with interest rate rise
The People's Bank of China raised its benchmark interest rate on Thursday 27 April in an unexpected move.
Comment: 'Surprise' rate hike in China
The People's Bank of China yesterday raised its benchmark one-year lending rate to 5.85% from 5.58%. The move surprised analysts who had expected the authorities to stick to a combination of administrative measures and higher reserve requirements for…
Central Bank of Cyprus - Annual Report 2004
According to the Central Bank of Cyprus's Annual Report 2004, the acceleration in economic activity, particularly domestic demand, led to a current account deficit of 5.8% of GDP in 2004 compared with 3% of GDP in the previous year.
European Central Bank - Annual Report 2005
European Central Bank vice-president Lucas Papademos told the European Parliament on Tuesday 25 April that further ECB interest rate hikes will be needed.
Bernanke prods Fed to review communication
According to the article "Bernanke prods Federal Reserve to review communication strategy" published on Wednesday 26 April , the Federal Reserve is preparing a comprehensive communication review. The examination will take months and seek a consensus…
Interview with Zhang Zhuoyuan
In an interview published on Wednesday 26 April, Zhang Zhuoyuan of the Chinese Academy of Social Sciences said China may widen the yuan's trading band when "suitable" to allow more gains and boost investors' role in setting exchange rates.
Guarding against large policy errors
In the Bank of Canada Working Paper "Guarding against large policy errors under model uncertainty" the author discusses some recent approaches that can be used to avoid large policy errors when policy-makers are uncertain about the true model of the…
Tanigaki wants orderly fx moves
Japan's finance minister Sadakazu Tanigaki said on Tuesday 25 April that sudden exchange rate movements seen after the recent Group of Seven meeting were undesirable.
China must develop bond market - PBOC official
China needs to foster more domestic consumption to drive the nation's economy, and also develop its bond market, an official with the People's Bank of China said.
Deutsche Bundesbank Monthly Report, March 2006
The Deutsche Bundesbank published the English version of its March 2006 Monthly Report on 25 April. The report said the EU intensification of excessive budget deficit procedures against the German government is justified.
National Bank of Denmark - Annual Report 2005
According to the National Bank of Denmark's Annual Report 2005, the economic upswing in Denmark became even stronger in 2005.