Growth

Serbia's Jelasic: savings a priority

An increase in domestic savings should be key domestic priority in 2009, said Radovan Jelasic, the governor of the National Bank of Serbia.

China bids to breathe life into ailing economy

The People's Bank of China has cut its key lending and borrowing rates for the fifth time in three months in its quest to shore up faltering growth in the world's fourth largest economy. However, the move met with disappointment from market participants,…

Co-movements highlight policy stance

Low-frequency co-movements between inflation and money growth, and short-term interest rates and money growth shed light on a central bank's monetary policy stance, states a paper from the Bank of England.

Chile's rate meeting - minutes

Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.

EBRD gives gloomy outlook on eastern Europe

Growth is set to falter across most of central and eastern Europe next year, with two of the three Baltic states likely to contract, the European Bank for Reconstruction and Development (EBRD), said on Tuesday.

RBA justifies November cut

An attempt to reduce the risk of a sharp weakening of demand was behind the Reserve Bank of Australia's cut in the cash rate by 75 basis points to 5.25%, according to minutes of the November meeting.

ECB's Bini Smaghi: Europe must liberalise

Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, has claimed that rigid European labour and product markets hamper the ability of economic policies to foster growth.

IMF sees advanced economies contracting in 2009

The International Monetary Fund (IMF) on Thursday revised downwards its estimate for global growth next year by four-fifths of a percentage point to 2.2% and said it believes the advanced economies will contract over 2009.

BoJ minutes: growth sluggish

Japan's economic growth has been sluggish, reflecting earlier rises in energy and materials prices and weaker exports, say the minutes of the Bank of Japan's Monetary Policy Council meeting on 6 and 7 October.

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