News

Greenspan dampens rate hike fears

US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.

Polish premier calls for interest rate cut

POLAND - Prime Minister Leszek Miller said on Wednesday he hoped that the Monetary Policy Council (RPP) would support the government in implementing its economic programme by cutting interest rates.

Argentine economy minister to meet US' O'Neill

ARGENTINA - Argentine Economy Minister Jorge Remes Lenicov, seeking IMF aid to help stabilize a brutal recession, will meet with U.S. Treasury Secretary Paul O'Neill during an upcoming trip to Washington, Argentine officials said late on Tuesday.

Ignatyev to submit nominees for central bank board

RUSSIA - Chairman of the Central Bank of Russia, Sergei Ignatyev, plans to submit three candidates for the CBR board of directors to the State Duma, lower house of parliament, in the next few days, a Duma source said on Tuesday.

BOJ voted 8-1 to maintain target on 28 Feb

JAPAN - The Bank of Japan's Policy Board, at its 28 February meeting, voted 8-1 to maintain the target for financial institutions' current account deposits at the central bank at 10 trillion to 15 trillion yen, the BOJ said Tuesday.

WGC reaffirms, central banks should not sell gold

AUSTRALIA - The World Gold Council is continuing to ask European central banks to leave their reserves alone rather than putting quantities of gold up for auction, WGC managing director Robert Weinberg said Tuesday.

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