China
Dodge on Canada and free trade
In his opening statement to the House of Commons Standing Committee given on 1 May David Dodge of the Bank of Canada made similar comments to those of Ben Bernanke the same day, saying if the United States resorts to protectionist measures against major…
PBOC raises reserve ratio
The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.
PBOC proposes bond issue to buy forex reserves
China's state media quoted a People's Bank of China official as saying Wednesday 25 April that the planned FX reserve agency should issue special treasury bonds to buy reserves to invest abroad.
Zhou Xiaochuan, the one million dollar man
What can you do in one minute? Add $1 million to China's currency reserves, according to this recent article from Bloomberg. 'Simply stunning,' according to one economist who predicts big problems if things don't change.
China's Fan says FX can't solve imbalances alone
People's Bank of China adviser Fan Gang said Saturday 21 April that China's external imbalances will not be solved by varying the yuan exchange rate alone.
China's FX reserves past $1.2T
China's foreign reserves have risen past $1.2 trillion, a state news agency said Thursday 12 April, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
IMF struggles to find a role on the global stage
According to this article from The Times, published Tuesday 10 April, both the IMF and the G7 are becoming outdated and toothless bodies as the world economic landscape is transformed by the rise of China, India and Brazil.
BOJ new members see sustained, gradual recovery
Seiji Nakamura and Hidetoshi Kamezaki, who recently joined Bank of Japan's nine-member policy board, told a press conference on Wednesday 11 April they see a sustained but gradual expansion of the Japanese economy and a mild rise in inflation going…
IMF report sees soft landing for world economy
The International Monetary Fund is forecasting a 'soft landing' for the world economy and 4.9-per-cent growth in 2007, German government officials said Tuesday 10 April, according to Deutsche Presse-Agentur.
IMF's Lipsky: reducing risk from global imbalances
In the speech 'Reducing the risk from global imbalances' given on 30 March John Lipsky of the IMF said consumption in China will strengthen as the financial system continues to develop and precautionary savings are reduced.
Asean looking at ways to use growing FX reserves
South-East Asian nations plan to jointly set up a fund to finance infrastructure by exploiting heavy capital inflows, a senior Thai finance ministry official told reporters Monday 2 April.
St Louis Fed's Regional Economist, April 2007
The St Louis Fed's Regional Economist for April 2007 includes the article 'Growth in Asia spurs oil price increases'. The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for…
PBOC to keep yuan stable, control credit
The People's Bank of China has pledged to keep the yuan stable at a reasonable level and allow market forces to play a fundamental role in setting the exchange rate.
Economist calls for more speed on China FX
China should step up efforts to establish its promised foreign exchange investment agency in order to strengthen macroeconomic controls, a prominent government economist said on Sunday 1 April.
Prepare for Chinese economic change
According to this article by Stephen Roach, published by MoneyWeek on Friday 30 March, China has no choice but to continue monetary tightening as it tries to bring its rapidly growing and unbalanced economy under control.
Two new members join PBOC committee
A senior official from the State Council and the chairman of the Bank of Communications have been appointed new members to the central bank's 13-member monetary policy committee, Shanghai Securities News reported Friday 30 March.
Sovereign wealth funds 'set to grow rapidly'
The first in-depth investigation into Sovereign Wealth Management, published Thursday 29 March, estimates excess reserves currently held by central banks in emerging market economies at between $1.5 trillion and $2 trillion, and suggests that this number…
Bernanke says Chinese $ holdings not problem
China`s accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, Federal Reserve chairman Ben Bernanke said in a letter dated 16 March but released on Monday 27 March.
China's Zhou not worried on current inflation
China's central bank is not worried about the current level of consumer price inflation, People's Bank of China governor Zhou Xiaochuan was quoted as saying in a report by the official Xinhua News Agency on Wednesday 21 March.
Zhou says China to stop accumulating reserves
China will stop increasing its huge foreign exchange reserves, People's Bank of China governor Zhou Xiaochuan said in an interview published Tuesday 20 March.
Analysts say China rate hike hurt property market
China's residential property market and heavy borrowers will be the main victims of the People's Bank of China's latest interest rate hike, analysts at Credit Suisse said in a report published Monday 19 March.
ECB's Bini Smaghi on the world economy
In introductory remarks at Internationaler Club Frankfurter Wirtschaftsjournalisten given on 14 March Lorenzo Bini Smaghi of the ECB said Asia not only makes a strong contribution to world economic growth but also plays a "shock-absorbing" role in the…
China's Wen says investment won't affect dollar
China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.