Economics
G10 central bankers warn on inflation
Following the meeting of G10 central bankers in Basel, ECB president and spokesman for the G10 said world economic activity would be decreased "without any doubt" by oil prices and spark inflation risks.
Bank of Japan Monthly Report, September 2005
The Bank of Japan published the English version of its September 2005 monthly report on 12 September. The BOJ upgraded its assessment of the economy in its September report for the third straight month.
SF Fed's Yellen on the economy and monetary policy
In the speech 'Views on the economy and implications for monetary policy' given on 8 September, Janet Yellen of the San Francisco Fed said the best thing the Federal Reserve can do in the wake of Hurricane Katrina is to ensure the stability of the…
Canada's Dodge on global imbalances
In the speech 'The evolution and resolution of global imbalances' given on 9 September, David Dodge of the Bank of Canada said global economic imbalances will not be solved through adoption of flexible foreign exchange rates alone.
IMF postpones Zimbabwe expulsion
The Executive Board of the International Monetary Fund reviewed Zimbabwe's overdue financial obligations to the IMF on 9 September and further considered the Managing Director's complaint regarding Zimbabwe's compulsory withdrawal from the IMF.
BOJ's Fukui: stable prices, low interest rates
Expectations for stable prices are behind the recent global phenomenon of low long-term interest rates, Bank of Japan Governor Toshihiko Fukui said in a speech published on Monday 12 September.
Bahrain to host 39th GCC meeting
Bahrain will host the 39th meeting of the governors of central banks and monetary agencies of the six-state Gulf Cooperation Council scheduled for 14-15 September.
Weber says ECB to weigh Katrina impact
The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.
Comment: Sarbanov should be supported
Ulan Sarbanov, governor of the National Bank of Kyrgyzstan, has been placed under house arrest. The accusation against him is that he abused his power during the rule of the deposed president Askar Akayev.
Fed may pause for political reasons
Following the devastation caused by Hurricane Katrina, the outcome of the Federal Reserve's next FOMC meeting is up for grabs, this article published on Tuesday 6 September suggests. The answer isn't just a question of policy, politics may be involved as…
Deutsche Bundesbank Monthly Report, August 2005
The Deutsche Bundesbank published the English version of its August 2005 Monthly Report on 6 September. The Bundesbank said general weak economic growth in the EU, rather than discrepancy in GDP growth rates, is likely the "real reason for widespread…
India's Reddy on monetary co-operation in Asia
In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…
Federal Reserve Board - Beige Book, September 2005
The Federal Reserve published its September 2005 Beige Book survey on 7 September. U.S. business activity increased across the country from mid-July through August even as energy costs rose, according to the report.
Reserve Bank of Australia - Annual Report 2005
The Reserve Bank of Australia published its Annual Report for 2005 on 8 September. The period covered by the report was a period of relative calm as Australia's economic expansion continued into its 14th year, RBA Governor Ian Macfarlane said in the…
King's cricket connection
Mervyn King spent Thursday 8 September watching England play Australia at the Oval in the last Ashes cricket Test. But the Bank of England governor doesn't just watch the game, he is also involved in a campaign to bring more cricket to state schools in…
Interview with IMF's Rodrigo de Rato
In an interview published this week IMF managing director Rodrigo de Rato warns that high oil prices could halt Korea's economic recovery. He also says sluggish export growth could put a brake on the recovery.
OECD needs reform says Japan's candidate
Japan's candidate to become the next secretary-general of the OECD says the group needs to be more responsive to developing countries to avoid losing its importance as an international organization, the Financial Times reports in its international…
Caruana's potential replacements named
According to a report by Expansion this week, there are four names in the hat to replace Jaime Caruana as governor of the Bank of Spain when he steps down in Summer 2006.
Dookeran may lead Trinidad party
The former governor of the Central Bank of Trinidad and Tobago, Winston Dookeran, may become leader of the main opposition party in Trinidad after the incumbent announced he would not be running for the post again.
Central banker says China won't revalue yuan again
People's Bank of China deputy governor Ma Delun said the country won't revalue the yuan again after scrapping its peg to the dollar and will buy and sell currencies to prevent "excessive" movements in the exchange rate.
ECB's Trichet sees need for Asian FX rise
European Central Bank President Jean Claude Trichet said on Friday 9 September that in order for the global economy to work better a further appreciation of Asian currencies is needed.
ADB predicts higher GDP growth for China, India
The Asian Development Bank published a report Thursday 8 September forecasting higher GDP growth for China and India, but expressing concerns for Asian countries of higher oil prices.
Snow sees % GDP impact from Hurricane
U.S. Treasury Secretary John Snow told Bloomberg Television on Friday 9 September that U.S. economic growth would probably dip by closer to 1/2 percentage point in the second half of 2004 because of the Hurricane Katrina.
Berlusconi says government can't force Fazio out
Italian prime minister Silvio Berlusconi said Friday 9 September the government can not force Bank of Italy governor Antonio Fazio to resign and only the European Central Bank can intervene.