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Central Bank of Iceland - Annual Report 2004
The Central Bank of Iceland has published its Annual Report for the year ended 2004. The economic recovery that began in 2003 gained momentum in 2004, according to the report.
Cleveland's Pianalto on importance of innovation
In a speech on 'The importance of innovation to our regional economy' given on 13 July, Sandra Pianalto, President of the Federal Reserve Bank of Cleveland said America must learn to innovate better if it wants to secure its place in the global economy.
Philadelphia Fed Business Outlook Survey, Jul 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, July 2005, activity in the region's manufacturing sector increased modestly.
PBOC denies reports on currency
The People's Bank of China warned on Tuesday 26 July that it has no plans to allow sharp increases in the yuan's value, saying a 2 per cent increase last week was part of an exchange-rate reform and not an initial step to more increases.
RBI sees consequences from China rate move
The Reserve Bank of India said on Tuesday 26 July that the shift in exchange rate policy announced by China was likely to have important consequences for the global economy.
Zimbabwe, China sign economic cooperation deal
Zimbabwean President Robert Mugabe and Chinese leader Hu Jintao signed an agreement on economic cooperation on Tuesday 26 July.
Central banks of Kosovo and Albania sign MoU
The Banking and Payments Authority of Kosovo (BPK) and the Central Bank of Albania have signed a Memorandum of Understanding on bank supervision.
IMF's Rato saddened at Sharm el-Sheik bombings
International Monetary Fund Managing Director Rodrigo de Rato issued a statement on Monday 25 July in reaction to the 23 July bombings in Sharm el-Sheik, Egypt.
Statement by People's Bank of China on yuan
The People's Bank of China issued a statement on Tuesday 26 July which played down market speculation of further rises of the yuan after last week's 2.1-percent yuan revaluation.
MAS's Aziz on expanding ASEAN-EU economic links
In the speech 'Expanding ASEAN-EU economic links - the role of the euro' given on 14 July, Zeti Akhtar Aziz of the Central Bank of Malaysia said both the EU and ASEAN through the rebalancing of global growth have the potential to contribute towards…
SARB's Plenderleith on the Annual Report
In a speech given on 25 July Ian Plenderleith of the SARB said it remains a focus for the Bank to ensure public confidence in the South African currency. Hence a new bi-metal R5 coin was introduced in August 2004 in response to the counterfeiting threat…
Singapore's Mun on building human capital
In the speech 'Building human capital for the new world and beyond' given on 13 July, Low Kwok Mun of the Monetary Authority of Singapore said the relatively good overall performance of the insurance industry in 2004 could be partly attributed to the…
National Bank of Hungary - Annual Report 2004
The National Bank of Hungary has published its Annual Report for the year ended 2004. Hungary's accession to the European Union opened up new possibilities which can benefit the country in its efforts to catch up with the more developed European…
China cb adviser says revaluation buys time
Yu Yongding, a member of China's central bank monetary policy committee said in remarks published Monday 25 July that last week's 2.1 percent revaluation of the yuan and an accompanying shift to a managed float buy time for China.
PBOC chief says yuan move an 'initial' step
The governor of China's central bank speaking on Saturday 23 July, described last week's revaluation of the yuan as an initial step whose benefits outweighed the disadvantages.
ECB's Paramo says Q2 growth likely below Q1
European Central Bank Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview published on Monday 25 July that the eurozone economy probably grew slightly less in the second quarter of this year than in the first, but longer term it…
Reports claim China told US of yuan plan
News reports on Monday 25 July said that US officials were informed by the Chinese government in advance of its decision to drop its currency's link to the dollar last week and raise its exchange rate.
Israel's Fischer on economic stabilisation program
In a speech on 'The economic stabilisation program and its effect on the Israeli economy today' given on 30 June, Stanley Fischer of the Bank of Israel said the new law that we in the Bank of Israel propose clearly defines the independence required for a…
Deutsche Bundesbank - Annual Report 2004
The Deutsche Bundesbank has published its Annual Report for the year ended 2004. For the German economy, 2004 was a year of rather mixed fortunes, according to the report.
Atlanta Fed's Barron on U.S. and global payments
In the speech 'Responding to change in U.S. and global payments' given on 19 July Patrick Barron of the Federal Reserve Bank of Atlanta said a large segment of the U.S. population loves to use checks and they will no doubt remain an important element in…
Chicago Fed National Activity Index, June 2005
The Chicago Fed National Activity Index for June 2005 was +0.28 in June, up from -0.03 in May. Three of the four broad categories of indicators that make up the index - production and income, consumption and housing, and sales, orders, and inventories -…
ECB paper on rules for a currency union
The ECB Working Paper "Fiscal and monetary rules for a currency union" published on Thursday 21 July addresses the question of the joint conduct of fiscal and monetary policy in a currency union.
Venezuela's president signs central bank reforms
Venezuelan President Hugo Chavez has signed a partial reform to the Central Bank Law to authorise investing six billion US dollars of hard currency reserves in social programs.
Zimbabwe devalues currency by almost 40%
The Reserve Bank of Zimbabwe has announced a 39% devaluation of the Zimbabwe dollar, to Z$17,500 to the US dollar, as part of a package of reforms designed to reverse the country's precipitous economic decline.