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Greenspan speaks on outlook for energy
Former Federal Reserve Chairman Alan Greenspan discussed the energy outlook and the U.S. housing market, among other topics, at a gathering hosted by ABN AMRO on Wednesday 22 February, an economist told Reuters.
Sweden's Riksbank raises interest rates
Sweden's Riksbank raised its interest rate, the repo rate, by 0.25 percentage points to 2% on Thursday 23 February.
Poland's Samoobrona calls for sackable NBP head
Poland's Self Defence (Samoobrona) party has presented amendments to its draft act on the National Bank of Poland (NBP).
Biggest UK robbery promps BoE security review
The Bank of England is to review security for banknote storage following Britain's biggest ever robbery at a cash centre in Kent that may have netted the thieves between £40-50 million.
Bending the yield curve to fit current fashion
This article published on Tuesday 21 February looks at the refusal of long- term interest rates to follow short-term rates higher when the Fed began raising rates in June 2004.
Resistance waning to BOJ ending hyper-easy policy
According to this article published Tuesday 21 February, resistance by the government and senior members of the ruling party towards the Bank of Japan ending its five-year-old hyper-loose monetary policy seems to be waning.
ECB's Tumpel-Gugerell on the Lisbon Agenda
In the speech 'The Lisbon Agenda - what can banks contribute?' given on 23 February Gertrude Tumpel-Gugerell of the ECB said the creation of a single eurozone payments area will not just reduce banks' revenues but will also cut their costs.
National Bank of Serbia - Annual Report 2004
According to the National Bank of Serbia's Annual Report 2004, the main characteristics of the economic environment in 2004 were higher than forecast GDP growth of 7.5%, a widened current account deficit and higher than planned inflation rate of 13.7%.
Thailand's Devakula: Central Banker of the Year
In a speech at the award for Central Banker of the Year - Asia 2006 given on 1 February M R Pridiyathorn Devakula of the Bank of Thailand said in a country where the functioning of financial market mechanism is not fully efficient, there is an important…
Central Bank of Seychelles - Annual Report 2004
According to the Central Bank of Seychelles Annual Report 2004, strong recessionary conditions continued to persist in the domestic economy during 2004.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for October-December 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the October -…
Comment: Transparency and institutions
One of the most striking transformations in central banking over the last twenty years has been the idea that central banks should be transparent in their conduct of policy. While it is fair to say that the benefits of transparency have become …
BoJ to make 'appropriate' decision on policy shift
Bank of Japan deputy governor Toshiro Muto said Tuesday 21 February the central bank will make an "appropriate" decision on when to end its ultra-loose monetary policy.
Dallas Fed's Fisher says Fed wary of energy prices
Dallas Federal Reserve President Richard Fisher said on Tuesday 21 February the U.S. economy was currently "very strong" and energy prices would be monitored by the Fed in weighing future policy.
Solomon Islands to repay central bank debt
The Solomon Islands government has signed a deal that will restructure and repay a part of its $US30 million debt with the country's central bank.
Nigeria introduces new Forex system
Nigeria introduced the new wholesale Dutch Auction System (DAS) of foreign exchange allocation on Monday 20 February to replace the old retail DAS in a bid to further liberalise the country's Forex system.
Bank of Korea chief to visit Japan
The governor of South Korea's central bank will visit Japan this week on a three-day trip to sign a cooperation agreement with the Bank of Japan.
Roger Ferguson resigns from Fed Board
In a surprise move, Roger Ferguson, Jr. submitted his resignationon Wednesday 22 February as Vice Chairman and as a member of the Board of Governors of the Federal Reserve System, effective April 28, 2006.
Fed can't rule out more rate rises
Minutes from the Federal Reserve's 31 January FOMC meeting released on Tuesday 21 February showed Fed officials felt a 14th straight increase in interest rates last month put borrowing costs near where they needed to be, but they could not rule out more…
BoE voted 8-1 to hold rates
The Bank of England's policy-making Monetary Policy Committee voted 8-1 to keep UK interest rates unchanged this month, with Stephen Nickell again as the sole member calling for a reduction.
RBA's Stevens: Recent economic & financial trends
In the speech 'Some observations on recent economic and financial trends' given on 22 February Glenn Stevens of the RBA said inflation in Australia is well contained and inflationary risks are balanced, yet interest rates are still more likely to rise…
Reservations about reserves
According to this article published on Sunday19 February, a race is unfolding in Asia involving currency reserves. The favourite in this game of monetary one-upmanship is China, it says.
Comment: Sepa progress report
In its fourth progress report on the Single Euro Payments Area (Sepa) the ECB says it "expects the European Payments Council (EPC) to take overall responsibility for defining and implementing a monitoring framework for each phase of the migration process…
Hong Kong may build gold warehouse for China
Hong Kong may soon build a bonded warehouse at its airport to store gold and make the Chinese territory a regional trading hub while feeding rising demand from mainland China, industry officials were quoted as saying on Tuesday 21 February.