Economics
PBOC vows to maintain a prudent monetary policy
The People's Bank of China vowed on Tuesday 21 February to continue perfecting the managed float of the yuan and to introduce new financial products to help firms hedge new-found currency risk.
MAS - Annual Report 2004-2005
According to the Monetary Authority of Singapore's Annual Report 2004-2005, the Singapore economy expanded by a robust 8.4% in 2004, the highest growth rate recorded since 2000.
St Louis Fed's Central Banker, Spring 2006
The St. Louis Fed has published the Spring 2006 edition of its Central Banker magazine. The article "Greenspan's unconventional view of the long-run inflation/output tradeoff" says that the former Fed chairman's views on the relationship between…
BIS' Knight: Challenges for financial institutions
In the speech 'Challenges for financial institutions today' given on 7 February Malcolm Knight of the BIS said many observers and analysts see major macroeconomic risks present in the global economy.
BoE's King on reform of the IMF
In the speech 'Reform of the International Monetary Fund' given on 20 February Mervyn King of the Bank of England said the IMF urgently needs to reassess its purpose and needs more focus, independence and legitimacy.
PBOC says China needs market system for currency
A People's Bank of China vice-governor said the correct value of the Chinese currency will not be determined until Beijing builds a system capable of fully reflecting supply and demand for the currency, Caijing magazine reported.
Buba's Weber says inflation risks remain
Bundesbank president Axel Weber told a conference on Monday 20 February that inflation risks still exist in the eurozone and a forward-looking monetary policy is needed to counter these risks at an early stage.
Trichet sees strengthening eurozone economy
European Central Bank President Jean-Claude Trichet said on Monday 20 February he sees economic activity in the eurozone strengthening. He warned, however, that risks to price stability have increased.
National Bank of Slovakia - Annual Report 2004
According to the National Bank of Slovakia's Annual Report 2004, the first positive signs are visible in the Slovak economy, following membership of the European Union on 1 May 2004.
RBA's Macfarlane on the Australian economy
In his opening statement to the House of Representatives given on 17 February I.J. Macfarlane of the Reserve Bank of Australia said it is more likely that the next movement in Australian interest rates will be up rather than down. He also said the way…
Next Bank of Spain chief will face higher rates
According to this article published on Thursday 16 February, when a new governor replaces Jaime Caruana as head of the Bank of Spain later this year, their biggest challenge will be to manage the change of the economic cycle.
ECB's Gonzalez-Paramo on the National Accounts
In a speech on the measurement of economic phenomena, with special reference to the System of National Accounts given on 2 February Jose Manuel Gonzalez-Paramo of the ECB said undoubtedly, globalisation is proceeding at a rapid pace, and statisticians…
Riksbank appoints new director of communications
At its meeting Friday 17 February, the Executive Board of the Riksbank appointed Pernilla Meyersson new Director of Communications.
Buba's Remsperger sees medium term inflation risk
Bundesbank chief economist Hermann Remsperger said in an interview that inflationary risks for the euro zone remain high in the medium term.
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BOJ to keep 'accommodative' policy after shift
The Bank of Japan will maintain an ``accommodative'' policy stance even after it ends its five-year deflation-fighting policy Governor Toshihiko Fukui said.
Bank of Slovenia - Annual Report 2004
According to the Bank of Slovenia's Annual Report 2004, Slovenia recorded a current account deficit for the second successive year, the 2004 figure being EUR 238 million, or 0.9% of estimated GDP.
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Suppressed inflation and money demand in Zimbabwe
This International Monetary Fund Working Paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003.
BNB's Quaden sees rates as exceptional, temporary
Belgian National Bank governor Guy Quaden told a news conference on Thursday 17 February that the Eurozone's historically low interest rates "should be exceptional and temporary".
BOJ in critical period says Nishimura
Bank of Japan Policy Board member Kiyohiko Nishimura said on Thursday 16 February the central bank has entered a critical period for deciding on a policy move, but said it had not set any time frame for a shift.
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
OECD's Gurria calls for global imbalances action
Washington and Beijing need to back their words with action, after pledging to deal with global economic imbalances, the incoming chief of the Organization for Economic Cooperation and Development said on Thursday 16 February.