Economics
Reserve Bank of New Zealand - Annual Report 2005
According to the Reserve Bank of New Zealand - Annual Report 2005, during the year, inflation pressures remained stronger for longer than expected.
Indonesia's dilemma on growth, prices
According to this article published on Tuesday 7 March, the Indonesian authorities are faced with the unenviable task of fighting inflation in a slowing economy.
SF Fed's Yellen on enhancing Fed credibility
In the speech 'Enhancing Fed credibility' given on 13 March Janet Yellen of the Federal Reserve Bank of San Francisco said the Federal Reserve's credibility would be enhanced if the central bank would establish a specific numerical inflation target.
Fed's Olson: Are banks still special?
In the speech 'Are banks still special?' given on 13 March Mark Olson of the Federal Reserve said the line that divides banking from commerce is not a clear one and should be subject to "negotiated compromise" as markets and products change.
Trichet says euro zone growth around 2%
European Central Bank president Jean-Claude Trichet said in an interview to be published Thursday 16 March that survey data suggests the euro zone economy will grow at its potential rate of around 2 pct.
Fed's Bernanke 'concerned' over budget deficit
Federal Reserve chairman Ben Bernanke said he was concerned about the U.S. budget deficit, noting in a letter released Tuesday 14 March that an aging population is going to increase pressure on the budget.
Rato sees world growth beating IMF forecast
According to the International Monetary Fund's managing director, world economic growth this year will exceed the current forecast of 4.3 percent thanks to a recovery in Europe and Japan.
Japan's Abe wants BoJ zero rate to stay
Shinzo Abe has urged the Bank of Japan to keep interest rates at almost zero per cent until the economy has fully emerged from deflation. Meanwhile, Kaoru Yosano also said on Wednesday 15 March that there is no gap between the government and the BoJ in…
Polish finance minister defends NBP
I was, am and will be for an independent central bank, Polish Finance Minister Zyta Gilowska announced on Tuesday 14 March in Brussels, according to the PAP News Agency, when asked about recent political controversies around the Polish central bank (NBP).
Central Bank of Nicaragua - Annual Report 2000
According to the Central Bank of Nicaragua's Annual Report 2000, Nicaragua's economy was dominated by adverse external shocks during the year.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook' given on 7 March Michael Moskow of the Federal Reserve Bank of Chicago said U.S. interest rates are currently in a neutral range but more increases may be needed.
Excess liquidity clinches case for ECB rate rises
According to this recent article, several factors, including a lack of dissenting voices on the ECB Governing Council, have persuaded financial markets in recent days that the ECB is heading faster than previously expected toward an interest rate of 3…
Hannoun: Internationalisation of financial service
In the speech 'Internationalisation of financial services: implications and challenges for central banks' given on 4 March (published 13 March) Herve Hannoun of the BIS said there is a dual challenge for central banks in the context of financial…
EU's Almunia backs NBP independence
EU economic and monetary affairs commissioner Joaquin Almunia strongly supported the independence of the Polish central bank.
BoJ minutes show two opposed target
Two of the Bank of Japan's nine board members in January opposed disclosing the bank's target for stable prices, according to minutes of the board's Jan. 19-20 policy meeting released in Tokyo.
Bank of Japan to revamp its website
With the aim of further enhancing web site usability, the Bank of Japan said on Tuesday 14 March it will renew its website effective from March 20, 2006.
Basci named acting central bank governor
Turkey's central bank vice governor Erdem Basci has been appointed acting governor of the institution, following the end of Sureyya Serdengecti's term as governor, Turkish Daily News reported.
China's Premier rules out sudden yuan move
China's Premier Wen Jiabao has ruled out a sudden revaluation of the yuan, telling parliament that the country will let the market determine currency rates.
Comment: Serdengecti ousted
The governor of the Central Bank of Turkey, Sureyya Serdengecti's, five year term expired on Tuesday, 14 March and he will not be reappointed. The government is yet to name a replacement, but vice governor, Erdem Basci, appears the most likely candidate.
Central Bank of Nigeria - Annual Report 2004
According to the Central Bank of Nigeria's Annual Report 2004, the performance of the external sector improved significantly as the overall balance of payments position swung from a deficit in 2003, to a surplus in 2004.
Confidence in Rome won't be rebuilt in a day
While the Bank of Italy seemed to have become an autocracy under Antonio Fazio, according to this recent article, governance will have to be a priority for the new governor, Mario Draghi.
Bank of England Quarterly Bulletin, Spring 2006
The Bank of England published its Quarterly Bulletin for Spring 2006 on Monday. This quarter, one article reports the key findings from a Bank-commissioned survey on the state of household finances.
Bank of Japan Monthly Report, March 2006
The Bank of Japan published the English version of its March 2006 monthly report on Monday. In the report the BOJ left its upbeat assessment of the country's economic situation unchanged for the second straight month.
Riksbank to publish three Inflation Reports a year
At its meeting on Thursday 9 March the Executive Board of Sweden's Riksbank decided that in future three Inflation Reports would be published a year instead of the current four.