Economics
Trichet says vigilance needed on inflation risks
ECB president Jean-Claude Trichet said on Friday 7 October that the threat of inflation in the eurozone should be watched carefully due mainly to high property prices.
US's Snow calls for more yuan flexibility
US Treasury Secretary John Snow said in testimony to the Senate Finance Committee at the Capitol on Thursday 6 October that he would ask China to increase currency flexibility.
Almunia sees better eurozone growth by year end
European Union Commissioner for Economic and Monetary Affairs Joaquin Almunia spoke on Thursday 6 October of his confidence that the eurozone will return better growth figures by the end of the year, than had been recorded recently.
BSP launches 'Save your money in banks' campaign
When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…
NY Fed welcomes derivatives markets commitment
The Federal Reserve Bank of New York said on Thursday 6 October it welcomes the initial commitments made by fourteen major market participants to improve the infrastructure that supports the credit derivatives markets.
Asian integration and the IMF
In this commentary article IMF Managing Director Rodrigo de Rato says the next step for Asia should be to develop more resilient national and regional financial markets. This would further reduce vulnerabilities by improving the channeling of savings and…
St Louis's Poole: How predictable is Fed policy?
In the speech 'How predictable is Fed policy?' given on 4 October William Poole of the Federal Reserve Bank of St. Louis said the Federal Reserve has no timetable to alter its policy statements but when that change comes it would signal the end of the…
Dallas Fed's Fisher on the economic outlook
In the speech 'A perspective on the economic outlook' given on 4 October Richard Fisher of the Federal Reserve Bank of Dallas said the Fed needed to be vigilant on inflation and warned a loose fiscal policy risked pushing interest rates higher.
Kansas Fed's Hoenig on monetary policy
In the speech 'Monetary policy and the economic outlook' given on 5 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said the combination of rising price pressures from wages and commodities means U.S. central bank policy-makers must be…
ECB backs Bank of Italy reform plan
The European Central Bank endorsed Italy's draft legislation to limit the term of the governor of the Bank of Italy from life to a single seven-year term on Thursday.
PBOC's Zhou sees trade friction ahead
China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.
ECB's Weber says globalisation lowers inflation
European Central Bank Governing Council member and Bundesbank President Axel Weber said on Tuesday 4 October that globalization tends to lead to lower inflation.
IMF's Deppler suggests German economic coalition
In an interview with Frankfurter Allgemeine Zeitung, IMF European Department Director Michael C. Deppler said that a grand coalition would be best suited for determining a single economic policy in Germany.
IMF rebuffs US Treasury on China - Bravo!
After years of marginalization and soul-searching, the IMF seems to be finding its voice again, according to this article published on Wednesday 5 October. IMF chief Rodrigo de Rato isn't about to do the US's dirty work, by branding China as a currency…
Walk, don't run, to the eurozone
This article asks why the Czech Republic is in such a hurry to join the euro? After all, Britain's GDP is growing significantly faster than overall levels in the eurozone, it says.
Financing conditions in the euro area
According to this Occasional Paper from the ECB, for central banks, the monitoring of financing conditions plays a pivotal role in assessing the actual transmission of monetary policy impulses to borrowers.
Forex volatility a concern for RBI
The Reserve Bank of India is concerned about volatility in the rupee's exchange rate, RBI deputy governor Rakesh Mohan said on Wednesday 5 October.
Canada's Dodge says G7 wary of global deflation
The G7 needs to move swiftly to correct global imbalances in savings and investment or face the risk of worldwide deflation within ten years, Bank of Canada governor said on Tuesday 4 October.
Norges Bank paper on monetary policy, asset prices
A Norges Bank Working Paper investigates whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy.
Fed wary of inflation, preparing rate increase
According to this article published on Tuesday 4 October, Federal Reserve officials are on track to raise interest rates at their next meeting. Right now they are on the watch for any sign that expectations for future inflation are deteriorating, it says.
Kansas Fed's Hoenig on the global economy
In the speech 'The global economy' given on 15 September Thomas Hoenig of the Federal Reserve Bank of Kansas City said globalisation will probably always have its skeptics and detractors, but the benefits - which are long lasting - outweigh the costs.
Norway's Bergo on the economic outlook
In the speech 'Household saving and the economic outlook' given on 3 October Jarle Bergo of Norges Bank said the existence of the Petroleum Fund may be influencing Norwegians' saving behaviour.
IMF's Rato offers condolences on bombings
International Monetary Fund Managing Director Rodrigo de Rato made a statement on Sunday 1 October expressing his deepest condolences at the terrorist attack in Bali.
Atlanta's Guynn says Fed work not done on rates
Atlanta Federal Reserve President Jack Guynn said in an interview on Monday 3 October that the Federal Reserve's 15-month interest rate hike campaign still has "a way to go" before completion.