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Hungary's Jarai sceptical of 2010 euro accession
The president of the Hungarian central bank, Zsigmond Jarai, said on Thursday 25 November that a persistently high public deficit could ruin Hungary's chances of joining the eurozone by 2010.
Japan's deflation may not end in 2005 says Haru
Bank of Japan policy maker Hidehiko Haru said on Thursday 25 November that Japan's deflation may not end in the fiscal year that starts April 1, 2005, possibly forcing the Bank of Japan to maintain its zero-rate policy the following year and beyond.
IMF praises Armenian central bank's tough policy
The IMF accepts and completely supports the tough monetary and credit policy of the Armenian central bank to contain inflation rate in the country, James McHugh, the IMF's resident representative in Armenia, has told Arminfo news agency.
Bundesbank's Weber on stability and growth
In a speech on 'Stability and growth' given on 19 November, Axel Weber of the Deutsche Bundesbank said stability and growth go hand in hand. The Lisbon agenda and the Stability and Growth Pact complement each other in lifting the EU's growth potential…
BoJ monetary policy meeting minutes12/13 October
The Bank of Japan released the minutes from its 12 and 13 October Monetary Policy meeting on 24 November. The minutes indicated that one member urged the central bank to get prepared to shift from the present monetary policy framework of quantitative…
Chicago Fed National Activity Index, Oct 2004
The Chicago Fed National Activity Index (CFNAI) for October 2004 was published on 23 November. The CFNAI was +0.52 in October, up sharply from -0.04 in September. For the first time since March, all four of the broad categories of indicators that…
Bergo on cyclical developments and monetary policy
In a speech on 'Cyclical developments and monetary policy' given on 10 November, Jarle Bergo of Norges Bank said reports from Norges Bank's regional network confirm the picture of an expanding economy.
Panels studying GCC monetary union criteria
The governor of the Bahrain Monetary Agency said that technical committees in the Gulf countries are currently studying the criteria for monetary and financial convergence and the legislative and institutional frameworks and arrangements for the monetary…
Rimsevics on Latvia's strategy for euro transition
In a speech on 'The Latvian strategy for the euro transition' given on 25 October, Ilmars Rimsevics of the Bank of Latvia said since Latvia's accession to the European Union one of the main tasks shared by the Bank of Latvia and other state institutions…
ECB says eurozone banks have reduced USD holdings
Euro zone banks appear to have reduced their holdings of US dollar-denominated assets in the first half of 2004, the European Central Bank said in a report on EU banking sector stability.
Recommendations for Central Counterparties
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) released a report entitled Recommendations for Central Counterparties on Wednesday 24 November.
Polish central bank leaves rates unchanged
The National Bank of Poland said on Wednesday 24 November that it had left key interest rates unchanged at its monetary policy meeting.
Hungary approves Central Bank Act changes
The Hungarian parliament has approved modifications to the Central Bank Act that raise the maximum number of Monetary Council members to 11 and afford the prime minister a bigger say in nominating members of the Council, Interfax-Europe reported.
Brazil central bank denies govt buying dollars
Afonso Bevilaqua, economic policy director at Brazil's central bank, denied that the treasury is seeking to stem the rise of the Brazilian real by buying dollars on the spot market, official news agency Agencia Brasil reported.
Jusko says Slovak crown can't firm indefinitely
Though Slovakia's central bank, the National Bank of Slovakia (NBS), is satisfied with Slovakia's economic development, it will not let the local crown firm indefinitely, NBS governor Marian Jusko told the news agency TASR.
BoE's Lomax on stability and statistics
In a speech on 'Stability and statistics' given on 23 November, Rachel Lomax of the Bank of England said that the past decade has been a time of unparalleled stability for output and inflation, creating a much better climate for business. She says it is…
Heikensten on the Riksbank & financial system risk
In a speech on 'The Riksbank and risks in the financial system' given on 16 November, Lars Heikensten of the Sveriges Riksbank said developments in the financial system in recent years have been very rapid and made substantial, new demands on all…
Chicago Fed's Moskow on causes of job loss
In a speech on 'Job loss: Causes, consequences, and policy responses' given on 19 November, Michael Moskow of the Federal Reserve Bank of Chicago said society needs to rethink policies to help workers displaced by economic change and new technologies.
SARB's Mboweni on monetary policy and inflation
In a speech on 'Monetary policy and inflation: The next decade' given on 18 November, Tito Mboweni of the South African Reserve Bank said the recent major structural changes in the world and in South Africa will have little effect on the determination…
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
ECB already doing enough for growth-Weber
Bundesbank president Axel Weber told journalists Monday that the European Central Bank is doing "all it can" to support eurozone growth.
PBOC deputy says US should not blame others
A senior official with the People's Bank of China has warned the United States not to blame other countries for its own economic difficulties, a report said.
Reserve Bank of Fiji to implement HiPortfolio/3
DST International (DSTi) - a leader in business solutions for the investment management industry and business process management - confirmed on Tuesday 23 November that the Reserve Bank of Fiji plans to implement the company's flagship back-office…
Central Bank of Liberia launches website
The Central Bank of Liberia (CBL) has launched its website, according to a CBL release issued at the weekend.