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Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 12 and 13 July meeting on Friday 12 August. Two of nine policy board members at the Bank proposed cutting the 30-35 trln yen liquidity target for banks, at the mid-July policy meeting.
RBA's Macfarlane on the Australian economy
In a statement to the House of Representatives given on 12 August Ian Macfarlane of the Reserve Bank of Australia said that inflation was largely under control and the economy strong.
A punch bowl made in China
China is supplying a punch bowl to keep the party going despite the Federal Reserve's best efforts, according to an article published on Wednesday 10 August. So consumers can thank Beijing and other Asian central banks for all the cheap credit, it says.
Fed is content with size, pace of rate increases
This article published on Wednesday 10 August suggests why impatient analysts are wrong to complain that the Federal Reserve is raising interest rates too slowly.
Bank of Korea chief pledges wealth to education
The governor of the Bank of Korea, Park Seung, said this week that he is willing to donate his personal wealth to help the nation's education when he dies.
Interview with ECB's Issing
In an interview published on Tuesday 9 August, ECB Chief Economist Otmar Issing said that recently the eurozone economy has seen a series of positive signals. However risks to the outlook remained on the downside, he said, particularly with the continued…
Calvin Mitchell to take over New York Fed role
Calvin A. Mitchell III was named senior vice president of the Federal Reserve Bank of New York in charge of the bank's public information area on Monday 8 August.
Norway keeps interest rates unchanged at 2%
Norway's central bank held its key deposit rate steady at 2.0 percent on Thursday 11 August as was widely expected.
Philippines, EC sign anti-money laundering pact
The European Commission (EC) and the Philippines have signed a 73-million peso (1.33-million US dollars) financing agreement to assist with the country's anti-money laundering drive, Foreign Affairs Secretary Alberto Romulo has said.
Taiwan central bank denies extraordinary meeting
The Central Bank of China, Taiwan's central bank, denied on Thursday 11 August that it is planning to call an extraordinary board meeting in the near term.
German finance minister calls for ECB rate cut
German Finance Minister Wolfgang Clement called on the European Central Bank to cut interest rates, saying it was "remarkably" more reserved than other central banks.
Australian govt to quiz RBA chief on economy
Reserve Bank of Australia governor Ian Macfarlane will be grilled Friday 12 August on the chances of another rate rise, or possibly a rate cut, in coming months.
PBOC's Xiaoling on financial theoretic research
In a speech given on 3 June (published 10 August) Wu Xiaoling of the People's Bank of China said researchers need to be objective, independent and scrupulous with the research work and this will help promote China's economic and financial theoretic study.
ECB Monthly Bulletin, August 2005
The European Central Bank published its August 2005 Monthly Bulletin on Thursday 11 August. The euro zone economy is on track for gradual expansion without pressing inflationary problems, the report said.
IMF letter on the famine in Niger
In a letter published by The Independent newspaper on Friday 5 August, the IMF's Director of External Relations, Thomas Dawson, defended the Fund against accusations that the IMF contributed to the crisis in Niger.
Cultural days of the ECB 2005: Hungary
Hungary will be the country featured in this year's Cultural Days of the European Central Bank, which will be held from 2 to 28 November 2005 in cooperation with Magyar Nemzeti Bank, the central bank of Hungary, the ECB said on Thursday 11 August.
Bank of England needs to re-examine its forecasts
This article published on Wednesday 10 August says that the Bank of England's Monetary Policy Committee is under great pressure to get its forecasts right. It asks whether it's possible we are too reverential when it comes to the Bank's projections.
Comment: China points way to wider reform
Robert Pringle, editor of Central Banking, explains why China's recent moves underline the need for a wider reform of world money (extracts from an interview with the German newspaper, Handelsblatt published on 11 August).
Doubts on Bank of England's forecasting
Nobody could say that Mervyn King, governor of the Bank of England, was defensive at yesterday's press conference on the latest Inflation Report (who has ever seen Mervyn on the defensive?), but he certainly knew he had some explaining to do.
Belgium's central bank offloads 30 tonnes of gold
Belgium's central bank said on Wednesday 10 August it had sold 30 tonnes of gold in July and August, leading to an increase in the yield on its assets.
RBI's Reddy says oil prices need careful response
Reserve Bank of India Governor Y.V. Reddy said on Wednesday 10 August that the central bank would carefully respond to volatile oil prices as it impacts inflation and the exchange rate.
Government to discuss Bank of Italy on 26 Aug
The Italian government will hold a ministerial meeting on Aug 26 to discuss the Bank of Italy and its recent clearances of bank takeover bids, a report by news agency Radiocor said.
China reveals details of yuan basket
China announced major currency market reforms on Wednesday 8 August and also published details of the basket of currencies to which the bank refers in managing the float of the yuan.
IMF letter on prospects for ECB rate cut
In a letter published by the Financial Times on Tuesday 9 August, Michael Deppler of the IMF said international developments suggest that the worst may be over on growth in the eurozone but point to further upward pressure on headline inflation because…