UK monetary conditions remain expansionary but this does not reflect any boom in mortgage lending – yesterday’s changes to the funding for lending scheme, although probably inconsequential, were misguided.Six-month growth of real non-financial...Show More Summary
The International Monetary Fund has named Changyong Rhee as its new Asia chief, bringing in an economist who has warned about asset bubbles in the region.
``Brussels and Washington have told Kiev it is unlikely to get International Monetary Fund (IMF) aid after it binned plans to sign an EU treaty.'' -- You're either with the West, or you're bankrupt! Nevermind that if you are the West, you're bankrupt too...
Pessimists have been calling an Australian housing bubble. But there's no cause for alarm, says the International Monetary Fund in a new paper.
As Pakistan attempts to keep the International Monetary Fund happy by slashing subsidies, hiking power tariffs and increasing revenue, inflation has grown sharply, severely impacting ordinary citizens.
I usually disagree with Rick Santelli, who’s a monetary hawk right now. But in this interview he clearly explains why the Fed needs to do so much QE: the money market industry. Back in late 2008 a few money market funds got into trouble and were in danger of “breaking the buck.” That’s due to [...]
COLOMBO (Reuters) - The International Monetary Fund expects Sri Lanka's economy to grow at 6.5 percent this year and in 2014, less than the central bank's forecast, a senior Fund official said, and remains concerned about medium-term risks from high bu...
``The opening of an in-depth review into the imbalances in Germany's economy comes after the U.S. Treasury blamed German surpluses for draining European and global growth. The International Monetary Fund also reprimanded Germany for its surpluses, urging German Chancellor Angela Merkel to curtail the trade surplus to an "appropriate rate" to help euro partners cut deficits. ''
Market check: Index futures are on the rise, as are the prices of gold and silver, after Federal Reserve nominee Janet Yellen sent the signal Mr. Market was seeking — more loose monetary policy. Yellen, set to testify before the Senate Banking Committee around 10 a.m., appeared to confirm expectations of dovishness in a statement released Wednesday ahead [...]
By Jeffrey Rosen: Before the Great Recession, monetary policy was relatively simple. If inflation trends were too strong (above 2%) or the unemployment rate too low, the Federal Reserve would increase the fed funds rate as a measure to tighten monetary policy. Show More Summary
The International Monetary Fund urged Thailand to drop its multibillion-dollar rice subsidy program and scale back some other fiscal stimulus measures to reach a balanced budget and make room for spending on projects that enhance growth.
The NYT had an article on a conference at the International Monetary Fund with the headline, "Candid Criticism of the Fed That Wasn't On the Agenda." The piece promises blunt criticism of the Fed from former Treasury Secretary and top Obama adviser Larry Summers: "Now that he is no longer a candidate to head the Federal Reserve, Mr. Show More Summary
Before 2008, U.S. monetary policy was primarily conducted in terms of a target set by the Federal Reserve for the fed funds rate, which is the interest rate a bank pays to borrow funds overnight from other banks. A large academic literature...Show More Summary
The International Monetary Fund held a research conference this week in Washington focused on financial crises past and present. Some of the talk was about financial crises of the future.
The International Monetary Fund says the "reserve army" of peasants looking for work peaked in 2010 near 150m. The surplus will disappear soon after 2020, the "Lewis Point" when labour costs shoot up. A decade after that China will face...Show More Summary
DUBLIN (Reuters) - Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again. The European Union and International Monetary Fund are due to sign off later on Thursday onShow More Summary
From Jeff Cox at CNBC yesterday: Fed could be about to make a major policy change Separate papers that will be presented formally this week at an International Monetary Fund meeting suggest that the U.S. central bank should lower its...Show More Summary
Ethiopia's economy is expected to grow 7.5 percent over the next two fiscal years from 8.5 percent in 2011/12 and inflation is expected to remain in single digits, the International Monetary Fund said. ||| Addis Ababa - Ethiopia's economy...Show More Summary
Ethiopia's economy has reached a crossroads and, to prevent growth rates from falling, needs to be restructured to encourage more private sector investments, the International Monetary Fund said. ||| Addis Ababa - Ethiopia's economyShow More Summary
President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank, according to a U.S. official familiar with the matter. A former U.S. intelligence...Show More Summary