Growth
King sees “room for improvement” in Bank’s communication
Bank of England governor Mervyn King defends the central bank’s fan charts, which have drawn criticism, but says it can still refine the communication of its forecasts
BoJ report shows uptick in growth
Latest economic report from the Bank of Japan shows a 0.9% increase in GDP
BoE’s Sentance: rate policy to offset fiscal tightening
Bank of England’s Andrew Sentance says monetary policy can compensate for the negative impact of fiscal tightening on demand
RBA justifies March rate hike
Signs of revival in economic activity convinced board members to hike rates by a quarter point
IMF explains peso appreciation in the 90’s
IMF paper shows that gains in total factor productivity and more competitive pricing for tradable goods explains the historical appreciation of the peso
ECB’s Stark: global economy is heading for lost decade
Jürgen Stark says failure to learn from the crisis would result in anaemic global growth for the next ten years
Investment growth declines in Europe
Central Bank of Ireland research shows that while declines in investment growth is larger in US compared with the eurozone this year, it continues to lag behind the US overall
ECB: current rates remain appropriate
The latest information from the European Central Bank confirms that the economic recovery in the euro area is on track but is likely to remain uneven
Canada develops own version of the GPM
Model to predict global growth developed in conjunction with IMF
RBA’s Lowe latest to dismiss inflation target hikes
Reserve Bank of Australia assistant governor Philip Lowe says IMF paper’s suggestion of raising inflation targets not sensible, says higher targets would damage supply side
Bank of Japan Review – Measuring potential growth in Japan
Bank of Japan review notes difficulties with various methods used to forecast growth, says potential shortcoming should be at the fore of policymakers’ minds
Australia has learnt to deal with mining booms: Battellino
Reserve Bank of Australia deputy governor Ric Battellino says floating exchange rate, refined monetary and fiscal frameworks key to coping with demand surge
Jordan cuts to boost growth
Jordanian central bank shears half a percentage point off its key overnight deposit rate to stimulate the flagging domestic economy
Canada’s Carney sees recovery in business investment
Bank of Canada’s Mark Carney says companies are emerging from the recession
Triple A rating “ours to lose”: King
Bank of England’s Mervyn King says downgrade unlikely given Britain’s strong track record and maturity of government bonds
Argentina surprises with new governor
Mercedes Marcó del Pont, the pro-government head of a state bank, is made governor of the Argentine central bank, commentators and markets in shock
Bank holds rates, halts asset purchases
Bank’s rate-setters stand pat, pointing to a clash of pressures between inflation and anaemic growth; ex-MPC members concur
Fed is best in crisis, says British think-tank
The Federal Reserve’s credit easing operations have fostered a quicker recovery than in the UK and eurozone, research finds
Bank of Canada – Monetary Policy Report January 2010
Bank of Canada’s Monetary Policy Report shows economic growth resumed in the third quarter of 2009
Former T&T governor blasts successor
Former governor of the Trinidad and Tobago central bank Winston Dookeran criticises current head Ewart Williams, saying his economic forecasts are out of touch
Shirakawa slams govt “misunderstanding”
Japanese central bank governor Masaaki Shirakawa defends policy actions and says calls for more monetary easing are fundamentally misguided
Monthly report (January) – Bank of Japan
Bank of Japan sees upward pressure on corporate goods prices, increases in exports and production
Joint fiscal stimulus does everyone good
Bank of Canada looks at the potential effect of the joint fiscal policy initiatives of the G20 in 2009 and 2010
Bank of Canada – Business Outlook Survey (winter 09/10)
Canadian firms expected both their costs and the prices they charged to increase over this year, signalling an end to the slump in demand