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Comoros economy grew 1.1 % in 1999 -central bank
Economic growth in the Indian Ocean Comoro islands slowed to 1.1% in 1999 from 1.2% in 1998, the central bank said on Thursday.
HKMA to provide four-month issuance schedule
The Hong Kong Monetary Authority will provide a quarterly schedule of its issuance plans for Exchange Fund bills and notes, beginning with the December-to-March period, it said Thursday.
Turk c.bank decision sparks money market turmoil
Turkey's central bank on Thursday shut off the taps of the emergency funding it has carried out over the last six trading days to ease a liquidity crunch sparked by fears of a banking sector crisis.
CNB dispute may damage central bank's independence
The Czech government on Wednesday refused to approve the president's appointment of Zdenek Tuma as governor of the Czech National Bank, escalating a dispute that could damage the stability and independence of the central bank, The Financial Times writes…
Taiwan central bank attacks HSBC over T$ forecast
Taiwan's central bank lashed out at Hong Kong and Shanghai Banking Corp (HSBC) on Thursday, saying it had consistently undervalued the local currency in its foreign exchange forecasts.
Russia and Belarus move towards single currency
The Russian Federation government has approved the draft agreement between Russia and Belarus concerning the introduction of a single currency and the establishment of a single centre of issue of the Union State.
Peru's central bank governor asked to stay on
Peru's new president Valetin Paniagua has said that the president of the Central Reserve Bank of Peru and the directors of the central bank, who had offered their resignations with the change in government, would stay in their posts.
Oil, minimum wage hike led to Brazilian rate hold
Despite a slowdown in inflation in recent months, concerns about the impact of a hike in the minimum salary and volatile oil prices led Brazil's central bank to keep its key interbank interest rate steady, according to minutes of last week's monetary…
ECB leaves all key interest rates unchanged
The European Central Bank kept all of its three key short-term interest rates unchanged Thursday.The decision was expected by the market, as past rate hikes - already six this year - have yet to feed through into the real economy, and the ECB will want…
Ukraine c.bank sees hryvnia steady near-term
Ukraine's fragile hryvnia currency is likely to remain steady in the next two months, backed by stronger demand ahead of the year-end, Serhiy Yaremenko, the head of the central bank currency regulation department, said on Thursday.
US Fed needs to improve communication-Fed's Poole
The Federal Reserve needs to improve its communication skills so that financial markets can better understand what US central bankers are thinking, St Louis Fed President William Poole said on Thursday.
Vietnam bank governor answers inquiries
Vietnam's state bank governor Le Duc Thuy answered inquiries of National Assembly deputies related to bad debts, restructuring the joint-stock commercial bank system, and the use of cash.
ECB has own idea of optimal fx reserves-Issing
European Central Bank (ECB) member Otmar Issing said he felt the amount of foreign reserves held in the Eurozone was well within the range of estimates, but was evasive on whether this constituted an optimal level.
Power strike won't affect payment systems-BOK
Money transfers and financial settlements will be unaffected by a strike threatened by Korea Electric Power Corp.'s union on Thursday, according to the Bank of Korea.
House and BSP agree on taxable income
The Philippines Bangko Sentral has reached an "agreement in principle" with the House of Representatives over its taxation status in the Revised Central Bank Act currently being deliberated on by Congress.
UAE central bank counters money laundering
The United Arab Emirates central bank has issued a list of regulations and procedures to all financial institutions to prevent money laundering through the country's financial system.
Banks await RBI governor speech at forex meeting
Indian foreign exchange market players are eagerly waiting to see if the Reserve Bank of India makes any direct or indirect comments on the foreign exchange markets and interest rates at the 21st Asia-Pacific Forex Congress.
HKMA urges Hong Kong banks to go green
Hong Kong's quasi central bank Wednesday called on the city's banks to sign a United Nations environmental awareness statement, and to consider producing their own formal environmental policy statements.
BSP chief sees November inflation at 5%-5.5%
November inflation is expected to come in at between 5% and 5.5% due to a weaker peso, the Bangko Sentral Philippines yesterday said.
RBNZ wants words to talk louder than numbers
New Zealand's Reserve Bank Wednesday announced changes to the format of its quarterly monetary policy statements, underscoring its desire to shift public focus of its monetary policy away from the short to the medium term.
Gold as part of diversified investment plan
Including gold in a diversified portfolio can improve investment performance and make the investment better able to cope with shocks to the system. World Gold Council institutional investment head Dr Robert Weinberg said gold can improve investment…
Russia needs unified supervisory rules -Motorin
According to Russia' deputy finance minister Mikhail Motorin, it is necessary to establish a supervisory system that would operate according to unified rules and control activities of the Federal Securities Commission, insurance companies, and private…
Belarus c.bank to cut key rate to 80% 1 December
Belarus's central bank said on Wednesday it would lower its key refinancing rate to 80% annually from 85 percent, effective December 1.
Romanian c.bank to cut min. reserve rates-bankers
Romanian commercial bankers said on Wednesday the central bank was expected to gradually cut the rate on minimum reserve requirements starting this year.