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Canada's prospects best for year: Dodge
Bank of Canada Governor David Dodge told Finance Minister Ralph Goodale in July the country's chances of steady economic and job growth are the best in years, Bloomberg News reported under Canada's Access to Information Act.
Afghanistan taking steps to capital market launch
Afghanistan took its first steps towards a capital market with an auction on Sunday of capital notes which will allow the country's banks to determine a market-driven interest rate. "This is an important step for us. It is the the beginning of a capital…
China price performance remains stable, says PBOC
"The price performance in China remains stable on the whole," said Governor of the People's Bank of China Zhou Xiaochuan on Sunday.
Bank of England Inflation Attitudes Survey, Aug 04
The Bank of England's August 2004 quarterly Inflation Attitudes Survey was published on 20 September. Asked about the future path of interest rates, 73% expected rates to rise in the next 12 months, little changed from 71% in the May survey.
Counterfeiting: A Canadian perspective
The author of this Bank of Canada Working Paper considers the economic issues that counterfeiting raises. He proposes an innovative method for estimating the quantity of counterfeit currency in circulation and develops estimates for Canada for 2001.
Srejber on new EU countries- opportunities & risks
In the speech 'New EU countries - opportunities and risks' given on 20 September Eva Srejber of the Sveriges Riksbank said for some of the other new member states a hurried transition to the euro could give rise to problems. The Baltic States are very…
HKMA Quarterly Bulletin, September 2004
The Hong Kong Monetary Authority has published the September 2004 issue of its Quarterly Bulletin. The latest issue includes an article "International reserve holdings - Are financial centres different?" - examining the relationship between reserve…
Measuring financial stability
Following the IMF's latest global financial stability review, released on Wednesday, one might expect central bankers to be relaxing. The Fund could see few threats on the horizon. In fact, central bank crisis watchers have never been busier. Mostly they…
ECB's Hurley says CPI not `great' concern
European Central Bank council member John Hurley said in an interview following a panel discussion in Frankfurt Thursday that inflation in the dozen nations sharing the euro isn't a ``great concern''.
Study shows Fed's words impact on economy
The Federal Reserve's strategy adopted in the summer of 2003 for stimulating the U.S. economy without cutting interest rates was a clear success, researchers at the Fed have concluded in a new study.
Fitch says EU newcomers to adopt euro after 2010
Poland, the Czech Republic and Hungary are unlikely to adopt the euro until after 2010, the Fitch credit rating agency has said.
Fraga used illegal money changers, Estado reports
Arminio Fraga, former president of Brazil's central bank, sent money to Brazil using illegal money changers when he was living in the U.S. in the 1990s, O Estado de S. Paulo newspaper reported.
KAS bank connects to Banque de France
KAS Bank is the first non-French bank to realise a direct connection to the payment system of the French Central Bank. KAS Bank has been active as a General Clearing Member and Settlement Agent on the French market since 2001.
Argentina's Redrado to be appointed cb president
Argentine Foreign Minister Martin Redrado, a former securities regulator, will be appointed central bank president after President Nestor Kirchner decided not to renew Alfonso Prat-Gay's term, which expires next week, Cabinet Chief Alberto Fernandez said…
Gono goes to China
The Reserve Bank of Zimbabwe's embattled governor Dr Gideon Gono is believed to be in China to finalise talks on closer ties with his counterpart, the governor of the People's Bank of China.
Reports name V Leeladhar as new RBI dep governor
The appointment of V Leeladhar has been cleared as deputy governor at the Reserve Bank of India (RBI) according to a report by The Economic Times this week.
Fed's Gramlich on Oil shocks and monetary policy
In the speech 'Oil shocks and monetary policy' given on 16 September Edward Gramlich of the Federal Reserve said the current spike in oil prices is unlikely to deter the Federal Reserve from continuing to raise interest rates.
Bank of Japan - Annual Review 2004
The Bank of Japan has published its Annual Review for the year ended 2004, which covers the year ended 31 March 2004. In the foreword Toshihiko Fukui said economic activity in Japan remained flat in the first half of fiscal 2003 due partly to the…
ECB's Trichet on European identity
In a speech 'European identity' given on 10 September Jean-Claude Trichet of the ECB said he appreciates Vincent Van Gogh enormously: his painting, his aspirations and his huge artistic talent. There is no better illustration of Europe's deep-rooted…
Udeshi on Issues in bank regulation & supervision
In the speech 'Issues in bank regulation and supervision' given on 16 September Smt. K J Udeshi of the RBI said the rationale for financial regulation lies in the economic costs imposed on the society by financial market failure.
China to appoint new securities mkt chief
China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.
High demand expected for new China bonds
China has reportedly appointed Merrill Lynch to co-ordinate the US dollar part of its planned sovereign foreign bond issue, Business Monitor International said. The issue was reported to be worth between US$1.5bn and US$2.0bn.
Ueda predicts close to 4% growth for Japan
Japan's economy is likely to grow at a pace of "slightly below 4 percent" for the time being, Kazuo Ueda, a member of the Bank of Japan's policy-setting panel, said on Thursday 16 September.
Atlanta Fed economist sees GSEs taking more risks
U.S. mortgage finance enterprises Fannie Mae and Freddie Mac are likely to take greater risks as they face stiffer competition from banks and regional Federal Home Loan Banks, a study by an Atlanta Federal Reserve Bank economist said.