News
China plans gold futures trading
China aims to start gold futures trading in the near term, a move meant to add to the country's limited investment options amid soaring demand for the precious metal, state press reported on Tuesday 7 September.
Fed Reserve Bank of St Louis Review, Sep/Oct 2004
The latest edition of the St Louis Fed's Review for September-October 2004 includes the articles "Trends in the efficiency of Federal Reserve check processing operations" and "Testing the expectations hypothesis: Some new evidence for Japan" and …
US bank note experts to visit Taiwan
The Central Bank of China (CBC) has invited experts from the United States to help domestic banks dealing in foreign currency exchange to detect forged U.S. bills, CBC officials said on Monday 6 September.
Too soon to evaluate long term rate falls,Takenaka
Japanese Economic and Fiscal Policy Minister Heizo Takenaka said it is too soon to form any opinions about the meaning of the recent decline in long-term domestic interest rates.
World Bank sees oil price affecting growth
High oil prices threaten to slow the world economic growth rate by up to 0.2 percent, World Bank chief economist Francois Bourguignon has said.
ASEAN must be open to global economy: Megawati
Indonesian President Megawati Soekarnoputri said in Jakarta on Friday 3 September that the Association of Southeast Asian Nations (ASEAN) must remain open to the global economy.
West African central bank to withdraw CFA notes
The Central Bank of West African States said it was to withdraw all CFA franc banknotes from circulation by the end of the year, in what a report said Saturday was an attempt to crack down on "dirty" money from bank robberies.
IMF's Rato to visit South Africa and Burkina Faso
Rodrigo de Rato, Managing Director of the International Monetary Fund, will travel to Johannesburg and Pretoria, South Africa on September 6-7, and Ouagadougou, Burkina Faso, September 8-9. This is Mr. de Rato's second trip to Africa since becoming…
BOJ increases share buying in late August
The Bank of Japan reported on Thursday 2 September that it had purchased a cumulative 1.988 trillion yen ($18.2 bn) of shares by August 31, a slight increase from the 1.985 trillion it had held by August 20.
EU set to relax eurozone budget rules
The European Union was set to propose loosening its much-criticised budget rules supporting the euro on Friday 3 September, by allowing countries with economic troubles to be exempt from the uniform standard for deficits in favour of country specific…
Romania cb prepares for cap account liberalisation
The National Bank of Romania (BNR) is preparing to fully free the capital account by cutting the interest rates to the national currency leu deposits, the Capital weekly reported in its latest issue.
China appoint Yu Yongding to monetary policy board
The People's Bank of China has formally announced the appointment of Yu Yongding to its monetary policy committee to replace Li Yang as the only financial expert on the 13-member board, XFN-Asia reported.
ECB press conference with questions and answers
At the ECB's press conference on Thursday 2 September, after holding eurozone interest rates unchanged, Jean-Claude Trichet said looking ahead, the conditions for a continuation of the recovery remain in place. We expect the economic recovery in the euro…
Buba's Stark sceptical on budget pledge
The Bundesbank believes the German public deficit, set to exceed EU limits for the third year in a row this year, will again be higher than the European Stability and Growth Pact allows next year, the financial daily Boersen-Zeitung reported.
Tuma defends CNB's independence
Czech National Bank Governor Zdenek Tuma on Wednesday 1 September defended the central bank's independence and rejected public comments by government officials arguing against a recent increase in interest rates.
PBOC says looser macro controls risk overheating
China's central bank governor, Zhou Xiaochuan, warned on Thursday 2 September in a statement on the People's Bank of China website that Beijing risks another round of economic overheating if it relaxes its macro administrative controls too early.
Fukui says Japan headed toward sustainable growth
Japan's economy is moving toward sustainable growth, Bank of Japan Governor Toshihiko Fukui said on Thursday 2 September, pledging to maintain interest rates almost at zero while pumping money into the financial system.
RBNZ issues Statement of Intent
The Reserve Bank of New Zealand has made public a Statement of Intent which outlines the Bank's plans for the period 2004 to 2007. This Statement of Intent has been prepared as a pilot document for an accountability obligation that will be required of…
African central bankers to meet
Bank of Uganda (BOU), German Technical Cooperation and the Swedish International Development Agency will host central bank executives from eastern and southern Africa during a conference aimed at forging a stable financial system.
UAE central bank's assets grow 9.5%
The UAE Central Bank has reported a 9.5 per cent increase in its assets during the first half of 2004 to Dh59.6 billion from Dh54.5 billion at the close last year.
IMF chief urges Argentina to resolve debt plan
The head of the International Monetary Fund urged Argentina on Tuesday to complete a $100 billion debt restructuring to sustain its recovery from economic crisis.
ECB may raise inflation forecast
The European Central Bank will revise slightly upward its 2004 and 2005 inflation forecasts in its new quarterly economic projections, central bank officials in the euro zone have told Reuters.
Russia may increase euro reserves
Russia's Central Bank may increase the euro component of its hard currency reserves, according to First Deputy Bank Chairman Alexei Ulyukayev.
Russian central bank misses profit target
The Russian Central Bank missed its target for paying profit to the federal budget by 1.5 billion rubles in the first half of 2004, according to Deputy Finance Minister Sergei Shatalov on Tuesday 31 August.