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Malta holds foreign reserve management workshop
The Central Bank of Malta has hosted a two-day workshop in conjunction with the European Central Bank on the implications of euro area membership for foreign reserve management by national central banks.
Russia won't increase euro reserves
The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.
G10 central bankers warn on inflation
Following the meeting of G10 central bankers in Basel, ECB president and spokesman for the G10 said world economic activity would be decreased "without any doubt" by oil prices and spark inflation risks.
China is under pressure to revalue yuan again
According to this article published on Tuesday 13 September, China's undervalued yuan is once again under scrutiny. The move by the PBOC has done little to make the currency trade more freely against the U.S. dollar, it says.
Japan's Iwata on the price stability anchor
In the speech 'The role of the price stability anchor in extricating Japan from deflation' given on 27 August Kazumasa Iwata of the Bank of Japan said prospects are "good" for an end to the country's 7-year-long battle against deflation.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 27 July and 8-9 August meetings on 13 September. Two of the nine policy board members again proposed cutting the 30-35 trln yen liquidity target for banks, according to the minutes.
Inflation targeting in Mauritius
The IMF Working Paper "'Inflation targeting lite' in small open economies: The case of Mauritius" develops a new macrofinance model for small open economies, allowing the investigation of Mauritius's experience with 'inflation targeting lite'.
Euro area decision-making lacks synchronisation
This article published on Thursday 8 September by ECB Executive Board Member Lorenzo Bini Smaghi says Eurozone countries could boost the effectiveness of the currency union by unveiling their national budgets around the same date and by using the same…
Comment: Sarbanov should be supported
Ulan Sarbanov, governor of the National Bank of Kyrgyzstan, has been placed under house arrest. The accusation against him is that he abused his power during the rule of the deposed president Askar Akayev.
Weber says ECB to weigh Katrina impact
The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.
PBOC to avoid triggering forex volatility
People's Bank of China chief Zhou Xiaochuan has vowed that the bank will not begin any changes in the management of its foreign exchange reserves that could introduce market volatility.
Bahrain to host 39th GCC meeting
Bahrain will host the 39th meeting of the governors of central banks and monetary agencies of the six-state Gulf Cooperation Council scheduled for 14-15 September.
BOJ's Fukui: stable prices, low interest rates
Expectations for stable prices are behind the recent global phenomenon of low long-term interest rates, Bank of Japan Governor Toshihiko Fukui said in a speech published on Monday 12 September.
IMF postpones Zimbabwe expulsion
The Executive Board of the International Monetary Fund reviewed Zimbabwe's overdue financial obligations to the IMF on 9 September and further considered the Managing Director's complaint regarding Zimbabwe's compulsory withdrawal from the IMF.
Financial Stability Forum holds its 14th meeting
The Financial Stability Forum (FSF), chaired by Roger W. Ferguson, met on 8-9 September in London. Members discussed risks and vulnerabilities in the international financial system.
Canada's Dodge on global imbalances
In the speech 'The evolution and resolution of global imbalances' given on 9 September, David Dodge of the Bank of Canada said global economic imbalances will not be solved through adoption of flexible foreign exchange rates alone.
SF Fed's Yellen on the economy and monetary policy
In the speech 'Views on the economy and implications for monetary policy' given on 8 September, Janet Yellen of the San Francisco Fed said the best thing the Federal Reserve can do in the wake of Hurricane Katrina is to ensure the stability of the…
Bank of Japan Monthly Report, September 2005
The Bank of Japan published the English version of its September 2005 monthly report on 12 September. The BOJ upgraded its assessment of the economy in its September report for the third straight month.
Comment: Time for central banks to modernise
During the last 20 years, most central banks have been given much more policy autonomy and independence. Along with this have come pressures for more accountability and transparency. This is entirely appropriate as independence and accountability should…
Berlusconi says government can't force Fazio out
Italian prime minister Silvio Berlusconi said Friday 9 September the government can not force Bank of Italy governor Antonio Fazio to resign and only the European Central Bank can intervene.
Snow sees % GDP impact from Hurricane
U.S. Treasury Secretary John Snow told Bloomberg Television on Friday 9 September that U.S. economic growth would probably dip by closer to 1/2 percentage point in the second half of 2004 because of the Hurricane Katrina.
ADB predicts higher GDP growth for China, India
The Asian Development Bank published a report Thursday 8 September forecasting higher GDP growth for China and India, but expressing concerns for Asian countries of higher oil prices.
ECB's Trichet sees need for Asian FX rise
European Central Bank President Jean Claude Trichet said on Friday 9 September that in order for the global economy to work better a further appreciation of Asian currencies is needed.
Central banker says China won't revalue yuan again
People's Bank of China deputy governor Ma Delun said the country won't revalue the yuan again after scrapping its peg to the dollar and will buy and sell currencies to prevent "excessive" movements in the exchange rate.