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NBP chief: Ukraine situation not to affect Poland
The possible crisis of the Ukrainian economy caused by the tense political situation in that country will not harm the Polish economy, President of the National Bank of Poland (NBP) Leszek Balcerowicz told a press conference on Wednesday 1 December.
Hungary's Central Bank Act returned to parliament
The President of Hungary, Ferenc Madl, failed to sign on Monday 29 November the modifications to the Central Bank Act passed by parliament last week, Interfax-Europe reports. Instead, the president sent the law back to parliament for further…
Cape Verde considers adopting euro currency
Cape Verde is considering adopting the euro as its own currency, the prime minister of the west African island state, Cape Verde's Prime Minister Jose Maria Neves was quoted as saying by AFP.
Arab states launch money laundering task force
Arab states agreed on Tuesday 30 November on the creation of the 14-member Middle East-North Africa Financial Action Task Force to work together to try to keep money out of the hands of terrorists.
No ECB comment on intervention talk
The European Central Bank declined to comment on reports coming out of Tokyo suggesting possible joint action with Japan on the foreign exchange market, AFX News said.
Trichet testimony: Oil price to dampen growth
In testimony to the European Parliament given on 30 November Jean-Claude Trichet of the ECB signalled that the bank is likely to lower its forecast for 2005 economic growth in the euro zone as the increase in oil prices impacts on consumer spending and…
Second high-level central bank seminar in Rio
The Second High-Level Seminar of the Eurosystem and Latin American Central Banks took place on Friday 26 November in Rio de Janeiro. The Seminar was hosted by the Banco Central do Brasil and jointly organised together with the European Central Bank and…
SNB's Roth on the Swiss franc and euro
In a speech on the ' Swiss franc and euro: Two sister currencies?' given on 19 November Jean-Pierre Roth of the Swiss National Bank said the introduction of the euro in 1999 constituted a real revolution for Europe and represented arguably the major…
ECB's Tumpel-Gugerell on financial integration
In a speech on 'Capital Markets and Financial Integration in Europe' given on 23 November, Gertrude Tumpel-Gugerell of the ECB said market-led initiatives are vital to make further progress in integrating the funding instruments for mortgages.
RBA Payments System Board Annual Report 2004
The Reserve Bank of Australia Payments System Board has published its Annual Report for the year ended 2004. Over the past couple of years the Board's work in relation to the safety and stability of the payments system has focussed on the development of…
Deutsche Bundesbank Monthly Report, October 2004
The Deutsche Bundesbank's October 2004 Monthly Report said the stability of the German financial system has strengthened further since the end of last year. This was assisted, the report says, by the rapid brightening of the macroeconomic climate in the…
ECB report on bond markets & interest rates
The European Central Bank published the third and extended edition of a report entitled "Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countries" on 24 November.
Biern on The Bank Secrecy Act & USA Patriot Act
In testimony 'The Bank Secrecy Act and the USA Patriot Act' given on 17 November Herbert Biern of the Division of Banking Supervision and Regulation said regulators believe that banking organizations have to take reasonable and prudent steps to combat…
Norges Bank Financial Stability Report No.2, 2004
The central bank of Norway, Norges Bank, has published its twice yearly Financial Stability Report 2/2004. "The short-term outlook for financial stability is regarded as satisfactory and somewhat improved compared with the situation six months ago," said…
Poland's PM says zloty may `kill' exports
Polish Prime Minister Marek Belka said in an interview that economic growth may slow because interest rates are at a 19-month high and a rising zloty threatens to "kill" exports.
Meirelles says Brazil has sufficient reserves
The central bank of Brazil is in no rush to buy dollars because its foreign reserve level is sufficient, bank President Henrique Meirelles said.
Ukraine central bank introduces stability measures
The National Bank of Ukraine announced on Tuesday 30 November that it is forbidding commercial banks from making early deposit withdrawals and has set limits on cash and noncash foreign-currency transactions to preserve stability during the country's…
OECD Economic Outlook, November 2004
The OECD's Economic Outlook for November 2004 reports that sharp rises in oil prices have slowed the global expansion, but barring further increases, the world's major economies should regain momentum in 2005.
BoE's King says UK growth 'a little stronger'
Bank of England Governor Mervyn King told the Treasury Committee on Tuesday 30 November that economic growth in the UK will probably pick up in the fourth quarter and remain at a rate that will bolster inflation in the next two years.
PBOC deputy governor sees no RMB reform timetable
Regulators may let China's four biggest state banks become market makers in US dollar trading, clearing the way for less currency intervention by the central bank, a state-run newspaper reported on Monday 29 November.
Fed's Yellen says job growth is key to rate rises
Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview published on Sunday 28 November that the Fed's pace of interest rate increases will depend on matching job growth and economic growth.
US core inflation modest says Fed's Poole
Federal Reserve Bank of St. Louis president William Poole said on Saturday 27 November that US core inflation is modest and the direct effect of the dollar's drop on prices has not been enormous.
UK's Brown says G7 to meet in London in February
Group of Seven finance ministers from the world's richest countries will hold their first regular meeting of 2005 in London in the first week of February, British Chancellor of the Exchequer Gordon Brown said on Monday 29 November.
Austria's Liebscher defends stability pact
Austrian central bank governor Klaus Liebscher told a conference on Monday November 29 that the European Union's Stability and Growth Pact should be protected from broad-based reforms that would finish up weakening it.