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Zeti says ringgit peg not deterring investment
The Malaysian ringgit's fixed exchange rate system has not discouraged European countries from investing in the country nor curbed growth in trade, central bank governor Zeti Akhtar Aziz said.
RBI: Global uncertainities higher than estimates
Y V Reddy, Governor of Reserve Bank of India, said on Thursday 14 July that global economic uncertainities had surpassed earlier estimates, but maintained that the central bank would stick to the "basic projections" until the review of monetary policy.
Bank of France live with central banking platform
Trema, a provider of treasury and asset management software for global corporations and financial institutions, announced on Thursday 14 July that the Banque de France is now live with Trema's central banking solution.
RBI's Leeladhar on risk management
In the speech 'Regulation and risk management: Implementing Basel II' given on 9 July, Shri V Leeladhar of the Reserve Bank of India said that the future of the Indian banking industry belonged to a small number of large banks and not to a large number…
ECB's Gonzalez-Paramo on European Monetary Union
In the speech 'European Monetary Union. Where do we stand?' given on 13 July Jose Manuel Gonzalez-Paramo of the ECB said judging from the experience to date, the euro currency has been an unquestionable success - euro area price stability being the best…
ECB Monthly Bulletin, July 2005
The European Central Bank published its July 2005 Monthly Bulletin on Thursday 14 July. The report said there is not yet any sign that a sustained economic recovery has started in the euro zone.
RBNZ's new bond lending facility
The Reserve Bank of New Zealand announced on Thursday 14 July that, as from 18 July 2005, it will operate a bond lending facility.
ECB publishes statistical classification
The European Central Bank published a "Statistical classification of financial markets instruments" for the first time on Tuesday 12 July.
BOJ upgrades economic assessment
The Bank of Japan slightly upgraded its assessment of the economy on Wednesday 13 July at the conclusion of its monetary policy meeting, saying that the recovery remains on track.
EC's Juncker says euro growth to miss target
European finance ministers have said economic growth in the euro region will not meet official forecasts in 2005 as oil prices stay close to a record, consumer confidence stagnates and Italy struggles with recession.
Bank Negara and EC to organise Asean-EU conference
Bank Negara Malaysia and the European Commission (EC) are jointly organising a conference titled "Expanding Asean-EU Economic Links - The role of Euro" to be held in Kuala Lumpur from 13 July to 15 July.
UK's Brown expects ECB inflation target debate
UK chancellor Gordon Brown, whose country currently holds the rotating EU presidency, told the European Parliament that debate over the European Central Bank's inflation target is to be expected.
Bernanke sees 'healthy and sustainable' US growth
In his first speech as chairman of the Council of Economic Advisers on Tuesday 12 July, Ben Bernanke presented an upbeat outlook for the US economy.
Past and future of central bank cooperation
The Bank for International Settlements published papers on Tuesday 12 July from its Conference "Past and future of central bank cooperation" celebrating 75 years of the BIS, 1930 - 2005, held in Basel, Switzerland, 27-29 June.
RBI's Leeladhar on challenges in banking security
In the speech 'Challenges in banking security' given on 22 June, Shri V Leeladhar of the Reserve Bank of India said that most cyber crimes in the financial sector involved an insider element of the institution concerned.
Eastern Caribbean Central Bank-Annual Report 04/05
The liberalisation of trade regimes on a global, regional and bilateral basis has resulted in substantial changes in trading arrangements and economic costs as well as benefits, the report said.
Monetary policy during Japan's lost decade
This University of Tokyo Discussion Paper published May 2005 develops a quantitative costly price adjustment model with capital formation for the Japanese Economy.
Good/bad deflation and Japanese economic recovery
The Discussion Paper "Good deflation/bad deflation and Japanese economic recovery" says economic history suggests that technological progress can go hand in hand with general deflation. It finds that short-run shocks to Japan's relative price structure…
Irish central bank reports threat to growth
The Irish central bank published its annual report for 2004 on Tuesday 12 July, forecasting growth of 5.5pc for the economy in 2005, about the same as in 2004.
OECD report calls for eurozone reforms
Economic growth in the eurozone will halve in the next two decades unless it implements reform, the Organisation for Economic Co-Operation and Development warned on Tuesday 12 July.
Mboweni says SADC can learn from EU
South African Reserve Bank governor Tito Mboweni has said much can be learned from the European Union as the South African Development Community (SADC) attempts to create a single monetary union for the region by 2016.
Garganas says ECB may hike inflation forecast
"The oil price increases in recent weeks imply some upward revision to the main scenario for inflation," said Garganas, who is also the governor of the Bank of Greece, in an interview in Athens with Bloomberg.
Noyer says 'market model' has lessons for France
The Scandinavian economic model, combining market flexibility with a high degree of social protection, "is full of lessons for countries such as France, Germany and Italy", said Bank of France governor Christian Noyer in an interview.
Bank of Canada keeps interest rates at 2.5%
The Bank of Canada announced on Tuesday 12 July that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.