Official Record

UK parliament gives King the thumbs up

Mervyn King has fulfilled his responsibilities as governor of the Bank of England very well during his first term and deserves to serve for a further five years, an influential group of UK lawmakers has said.

Federal Reserve - Annual Report 2007

Policymakers expect US inflation to moderate in 2008 and 2009, with expectations remaining reasonably well anchored in spite of the recent pick-up in price growth, the Fed's annual report states.

Barbados - Q1 review

Boosted by a rebound in tourism activity and a moderate expansion in manufacturing output, the Barbadian economy performed well in the first quarter of the year.

Bank lending falls in Norway

Household credit demand in Norway declined in the first quarter of 2008, reports a recent survey of bank lending by the Bank of Norway.

ECB's TARGET Annual Report 2007

In 2007, use of TARGET, a large-value payment system in the euro area, surged in terms of both volume and value of transactions business, the annual report on the system states.

A firm-wide view of risk exposure crucial

Risk concentrations at most financial conglomerates are still mainly identified, measured and managed within separate risk categories and business lines, notes the Joint Forum of the Basel Committee on Banking Supervision in a new review.

ECB Annual Report 2007

The third enlargement of the euro area, which took place on 1 January 2008 when Cyprus and Malta adopted the single currency, occurred in a smooth and efficient manner, Jean-Claude Trichet, the president of the central bank said in his introduction to…

ECB Monthly Bulletin - April 2008

The latest edition of the European Central Bank's Monthly Bulletin argues that recent movements in bond markets that appear to indicate a pick up in euro-area inflation expectations, are misleading.

Dallas Federal Reserve - Annual Report 2007

Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.

Latest Beige Book makes grim reading

The April edition of the Federal Reserve's Beige Book, a summation of economic conditions in the US based on reports from the 12 regional Feds, signals that events in the financial markets are beginning to have a marked impact on the real economy.

Czech Board's March minutes

The minutes of the March meeting of the Czech National Bank's board show that six of the seven members voted to keep the two-week repo rate unchanged at 3.75%.

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