Latest Central bank Stories
LONDON, February 18, 2010 /PRNewswire/ -- World Gold Council welcomes the announcement by the International Monetary Fund (IMF), that the next phase of its previously announced gold sales programme will be undertaken in a phased and transparent manner.
NEW YORK, Nov.
NEW YORK, Nov. 6 /PRNewswire/ -- The World Gold Council is delighted to note that the Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves.
The central Bank of Canada announced Thursday it was leaving its rate at the record low of 0.25 percent likely until the middle of next year to spur recovery. The bank's statement from Ottawa showed optimism not only for Canada, but elsewhere in the world. Following a deep, synchronous recession, recent indicators point to the start of recovery in major economies, supported by aggressive policy stimulus and the stabilization of global financial markets, the bank said.
The Bank of England kept its commercial bank lending rate at 0.5 percent Thursday, but said it would increase its asset purchasing plan to $294 billion. The bank added $84 billion to the program, though there have been increasing signs that output in the UK's main export markets is stabilizing, the bank said in a statement. The central bank said financial markets had improved a little â€¦ although financial conditions remain fragile.
The European Central Bank said financial lending had shown signs of improving in the second quarter for businesses and home buyers. The report said business loans had reached a turning point, with a slowdown in a recent trend of increased restrictions.
European Central Bank President Jean-Claude Trichet said he was very clear in his support of the U.S.
SHANGHAI, May 19 /PRNewswire-FirstCall/ -- JA Solar Holdings Co., Ltd., (Nasdaq: JASO) a leading manufacturer of high-performance solar products, today announced financial results for its first quarter ended March 31, 2009.
The United States is taking too long at economic recovery actions and is affecting other countries' efforts, the chief of the Bank of Canada said. Timely and credible action is required to address the impaired assets on bank balance sheets and to restore the normal flow of credit -- a precondition for sustained economic recovery, Mark Carney, the bank's governor, said.
The Bank of England said Tuesday lending to businesses grew in March and would likely continue to grow in the next three months. Analyzing data from six banks, England's central bank said lending to businesses grew from $13 billion in February to $17.4 billion in March, The Times of London reported. Although much of the lending was due to refinancing or restructuring debt, some lenders expect the overall availability of credit to the corporate sector to increase over the next three months,...
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