News
Italy's Fazio sees 2005 growth less than 2%
Bank of Italy governor Antonio Fazio told a conference he expects GDP in the third quarter to have risen 0.3 pct from the previous quarter, and forecast Italian growth of less than 2 pct for the whole of 2005.
ECB press conference with questions and answers
At the ECB's post-meeting press conference on Thursday 4 November, after eurozone interest rates were held unchanged, Jean-Claude Trichet gave a tougher warning about the immediate inflationary dangers ahead, calling a recent jump in consumer prices a …
PBOC deputy says China to continue yuan reform
China plans further measures to reform the exchange rate, the official Financial News reported, citing Li Ruogu, deputy governor of the People's Bank of China, the country's central bank.
Argentina passes financial system reform package
Argentine central bank president Martin Redrado and four local banking associations, ABA, ADEBA, ABAPPRA and ABE have approved a new banking sector reform package called Compensacion Federal Uniforme, the central bank said in a statement.
ECB, BOJ officials to join bilateral meeting
Officials from the European Central Bank and Bank of Japan will for the first time participate in the annual vice ministerial meeting in Tokyo on 11 Nov. to discuss foreign exchange developments and China's dollar-pegged currency system, EU sources said…
Mexico's interest rates set to rise further
Mexico's central bank Deputy Governor Jesus Marcos Yacaman has said the country will continue to raise interest rates following seven increases this year, in order to bring down inflation.
Romanian central bank lowers rates
Romania's central bank has announced that it has lowered its key interest rate by 0.5 percentage points to 18.25%.
World central bank gold holdings down 3.2%
Analyst John C Tumazos of Prudential Financial said on Tuesday 2 November that world central bank gold holdings have declined by 3.2% since November 2002.
IMF says Germany's budget aims 'challenging'
The International Monetary Fund (IMF) has warned in a report that Germany's budget deficit could breach EU rules in 2005 if additional economic measures are not taken by the government.
BOT chief says economy continues to grow
The Governor of the Bank of Thailand (BOT), M.R. Pridiyathorn Devakula, said on Tuesday 2 November that the Thai economy had continued to expand satisfactorily despite the downward revision of economic growth estimate.
Norway's central bank leaves key rate unchanged
Norway's central bank announced Wednesday 3 November that its key interest rate would remain unchanged at a record low 1.75 per cent.
Minutes from the Sveriges Riksbank Meeting, 13 Oct
Minutes from the Sveriges Riksbank Executive Board meeting on 13 October showed that the board was unanimous in its decision to leave the repo rate unchanged at 2 per cent.
Tanigaki: govt. must consider BoJ's deflation view
Japanese Finance Minister Sadakazu Tanigaki said on Tuesday 2 November that the government will need to consider the Bank of Japan's outlook for an end to deflation in 2005 when formulating future economic policies.
Santomero says Fed's regional diversity important
Federal Reserve Bank of Philadelphia President Anthony Santomero made no comment on the economy or the outlook for interest rates at an event at the Philadelphia Stock Exchange on Monday 1 November but said the Fed's regional diversity helped ensure…
BoJ to take time on ending ultra-loose policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday 2 November that the central bank will take its time in determining the time to abandon the current ultra-loose monetary policy.
Central bank of Oman awards RTGS project to Imtac
The Central Bank of Oman (CBO) has signed a contract for the implementation of Real Time Gross Settlement (RTGS) with Imtac LLC, a leading IT solutions vendor, the Times of Oman reported Tuesday.
Korea's central bank to restructure
The Bank of Korea (BOK) is to revamp its internal structure in an apparent bid to repair its reputation as an influential voice in the nation's economy, the Korea Times reported Tuesday.
How Nobel prize winner changed central banking
Edward Prescott, recent recipient of the Nobel prize for economics, spoke to Central Banking's Paul Brione about the monetary policy research which won him the prize. CentralBankNet brings you an exclusive extract.
BoE's CCBS organising seminar in Bahrain
The Bank of England's Centre for Central Banking Studies (CCBS) is organising the first Monetary Policy and Operations seminar in Bahrain this month.
Moskow stresses importance of local economies
Chicago Federal Reserve President Michael Moskow spoke at a conference on Friday 29 October, but made no comments on the economic outlook or monetary policy.
Japan's Koizumi says steady recovery desirable
Japanese Prime Minister Junichiro Koizumi said on Monday 1 November that he wants Japan's economy to recover "at a steady pace" as the central bank released redesigned and more secure banknotes for the first time in 20 years.
Zimbabwe to tap huge platinum reserves
Reserve Bank of Zimbabwe governor Gideon Gono said over the weekend that the government was in talks with foreign investors to tap huge platinum reserves valued at 290 billion US dollars.
Report says Argentina to relax forex controls
The Argentine central bank will try gradually to lift controls imposed on foreign exchange transactions, daily La Nacion reported, without naming sources.
Putin positive on Russian economic situation
Russian President Vladimir Putin is positive about the economic situation in Russia. Interfax in Moscow quoted Putin as saying the economy was developing "very energetically".