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Portugal's central bank warns over 2005 deficit
The governor of the Bank of Portugal, Vitor Constancio, said Monday that Portugal's fiscal deficit was on target to reach 5 percent of output next year, breaching European Union rules, without exceptional revenues.
Moskow: Perspective of the Federal Reserve on HOPI
In the speech 'Perspective of the Federal Reserve on HOPI' given on 7 December Michael Moskow of the Federal Reserve Bank of Chicago said the Home Ownership Preservation Initiative has been an ambitious, and so far very successful, effort under the…
SARB, Quarterly Bulletin, December 2004
The South African Reserve Bank said in its latest Quarterly Bulletin for December 2004 that the South African economy appears to have adjusted to the combination of a stronger world economy, favourable terms of trade, lower interest rates and less…
ECB's Gonzalez-Paramo on the euro after six years
In the speech 'The euro after six years: achievements and challenges ahead' given on 9 December Jose Manuel Gonzalez-Paramo of the ECB said the euro has done its job in terms of fostering sustainable growth in the euro area. However, in order to achieve…
RBA's Stevens on economic and financial conditions
In the speech 'Economic and financial conditions December 2004' given on 14 December Glenn Stevens of the Reserve Bank of Australia said Australia's economic growth is running more slowly than anticipated, despite strong domestic demand.
Central Bank of Jordan - Annual Report 2003
The Central Bank of Jordan has published its Annual Report for the year ended 2003. The Jordanian economy managed in 2003 to overcome the negative effects of the unfavorable regional developments that affected the region. The performance of the Jordanian…
Bank of Spain completes branch restructuring
Spain's central bank has completed its branch restructuring program and will close 10 branches in a number of Spanish cities, reducing its total number of branches to 22.
Bank of Korea says won's rise 'too fast'
The pace of the won's recent rise against the US dollar has been too fast, compared to other currencies, said Bank of Korea assistant governor Rhee Yeung-Kyun.
French PM concerned on dollar weakness
French Prime Minister Jean-Pierre Raffarin voiced concern about the euro's surge to record highs against the dollar, but didn't comment on whether he thought the European Central Bank should intervene.
Dallas Fed FOMC vote may go to Atlanta
The Dallas Federal Reserve said on Friday 10 December that the Atlanta Fed would temporarily take its vote next year on the US central bank's interest rate setting committee until it finds a replacement for departed President Robert McTeer.
BoJs Fukui says economic growth slowdown temporary
Bank of Japan governor Toshihiko Fukui said in a speech on Monday 13 December that the growth of the economy is slowing down, but only temporarily.
Sveriges Riksbank Inflation Report, No. 4, 2004
Sweden's central bank, the Sveriges Riksbank, has published its Fourth Inflation Report for 2004. The assessment in the October Inflation Report still stands, although new statistics received since October indicate a slightly weaker development than…
ECB's Papademos on the role of structural reforms
In a speech on 'Determinants of growth and the role of structural reforms and macroeconomic policies in Europe' given on 9 December, Lucas Papademos of the ECB said current low interest rates are conducive to economic growth in the euro zone.
Issing on inflation persistence in the euro area
In a speech on 'Inflation persistence in the euro area' given on 10 December, Otmar Issing of the ECB said that the degree of inflation persistence "has major implications for the optimal conduct of monetary policy".
SARB to issue upgraded banknotes in the new year
The South African Reserve Bank (SARB) announced on Monday 13 December that it plans to issue upgraded banknotes with improved security features from 1 February 2005.
Bank of England Financial Stability Review, Dec 04
The Bank of England published its latest Financial Stability Review for December 2004 on Monday 13 December. Near-term credit, market and liquidity risks to UK financial stability have remained subdued since the June Review, and the immediate prospects…
Competing visions of EU regulation
At a conference in his honour at the London School of Economics, Tommaso Padoa-Schioppa and FSA chairman Callum McCarthy presented competing visions of financial regulation in Europe. Paul Brione reports.
Brazil's Senate approves central bank immunity law
Brazil's Senate has approved a law that gives central bank president Henrique Meirelles Cabinet-level status, giving him immunity from prosecution for crimes in all courts except the country's highest.
Slovakia appoints new central bank governor
The Slovak parliament approved a new central bank governor Friday 10 December, confirming the government's nominee, Ivan Sramko, to the post.
Gonzalez-Paramo: 'strong need' for price vigilance
Jose Gonzalez-Paramo, one of the European Central Bank's governors, said on Friday 10 December that in view of the recent surge in oil prices there is a "strong need for vigilance" over medium-term price risks.
SAFE spokesman says China central bank 'sound'
The People's Bank of China is "in sound financial condition," as a result of its strategies and achievements in managing the country's foreign exchange reserves, according to a spokesman for China's State Administration of Foreign Exchange (SAFE) on…
Armenian president urges central bank to act
Armenian President Robert Kocharyan has called on the central bank to act "decisively and quickly" to prevent speculation in Armenia's financial market caused by fluctuations in the rate of the dollar against the national currency.
Korea's fin min criticised for meddling in BOK
South Korea could face another financial crisis if the Finance Ministry continues to intervene in the country's interest rate policy and management of foreign reserves, a member of the central bank's policy committee warned on Friday 10 December.
Bank of Mauritius - Annual Report 2004
The Bank of Mauritius has published its Annual Report for the year ended 30 June 2004. The Mauritian economy registered a commendable performance during fiscal year 2003-04, according to the governor Rameswurlall Basant Roi in his statement.