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    by Published on May 23rd, 2015 04:30 PM
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    Detailed gross domestic product results for the 1st quarter of 2015

    IESBADEN – The German economy continued to grow at a slightly slower pace. As the Federal Statistical Office (Destatis) already reported in its first release of 13 May 2015, the gross domestic product (GDP) increased 0.3% - upon price, seasonal and calendar adjustment - in the first quarter of 2015 ...
    by Published on May 22nd, 2015 09:24 PM

    (Reference)
    Meeting hours:
    May 21 : 14:00-16:09
    May 22 : 9:00-11:44
    Policy Board members present:
    Haruhiko Kuroda (Governor)
    Kikuo Iwata (Deputy Governor)
    Hiroshi Nakaso (Deputy Governor)
    Yoshihisa Morimoto
    Sayuri Shirai
    Koji Ishida
    Takehiro Sato
    Takahide Kiuchi
    Yutaka Harada
    (Others present)
    May 21
    From the Ministry of Finance:
    Hidenori Sakota, Deputy Vice Minister for Policy Planning and Co-ordination
    (14:00-16:09)
    From the Cabinet Office:
    Mamoru Maekawa, Director-General, Economic and Fiscal Management (14:00-16:09)
    May 22
    From the Ministry of Finance:
    Ichiro Miyashita, State Minister of Finance (9:00-11:27, 11:39-11:44)
    From the Cabinet Office:
    Mamoru Maekawa, Director-General, Economic and Fiscal Management
    (9:00-11:27, 11:39-11:44) ...
    by Published on May 22nd, 2015 09:13 PM
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    Introductory speech by Mario Draghi, President of the ECB,
    ECB Forum on Central Banking
    Sintra, 22 May 2015

    ***
    Summary


    Structural and cyclical policies – including monetary policy – are heavily interdependent. Structural reforms increase both potential output and the resilience of the economy to shocks. This makes structural reforms relevant for any central bank, but especially in a monetary union.

    For members of monetary union resilience is crucial to avoid that shocks lead to consistently higher unemployment, and over time, permanent economic divergence. It therefore has direct implications for price stability, and is no less relevant for the integrity of the euro area. This is why the ECB has frequently called for stronger common governance of structural reforms that would make resilience part of our common DNA.


    Structural reforms are equally important for their effect on growth. Potential growth is today estimated to be below 1% in the euro area and is projected to remain well below pre-crisis growth rates. This would ...
    by Published on May 22nd, 2015 09:07 PM

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 28-29, 2015.


    The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently ...
    by Published on May 21st, 2015 09:35 PM

    Minutes of the Monetary Policy Committee meeting

    7 and 8 May 2015

    Publication date: 20 May 2015

    These are the minutes of the Monetary Policy Committee meeting held on 7 and 8 May 2015.
    They are also available on the Internet http://www.bankofengland.co.uk/publi.../2015/may.aspx ...
    by Published on May 20th, 2015 09:35 PM

    Canadian economy rebuilding, though headwinds remain, says Governor Poloz




    Available as: PDF


    Following a setback caused by the drop in oil prices, the Canadian economy is once again on a course toward sustainable balanced growth, although it continues to ...
    by Published on May 19th, 2015 09:29 PM

    Minutes of the Monetary Policy Meeting of the Reserve Bank Board

    Sydney – 5 May 2015

    Members Present

    Glenn Stevens (Governor and Chair), Philip Lowe (Deputy Governor), John Akehurst, Roger Corbett AO, John Edwards, Kathryn Fagg, John Fraser (Secretary to the Treasury), Heather Ridout AO, Catherine Tanna

    Others Present

    Guy Debelle (Assistant Governor, Financial Markets), Christopher Kent (Assistant Governor, Economic), Alexandra Heath (Head, Economic Analysis Department), Anthony Dickman (Secretary), Peter Stebbing (Deputy Secretary)

    International Economic Conditions

    Members noted that growth of ...
    by Published on May 19th, 2015 09:21 PM
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    Retail trade turnover growth in March 2015
    Real turnover decline of 2.8%
    Neuchâtel, 18.05.2015 (FSO) – According to provisional results from the Federal Statistical Office (FSO), real turnover in the retail sector adjusted for sales days and holidays fell by 2.8% in March 2015 compared ...

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