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Latest Central banks Stories

2012-04-26 06:21:01

WILMINGTON, Del., April 26, 2012 /PRNewswire/ -- Auric Mining Company (OTC: AUMY) announced today that it has significantly increased its Acquisition Initiative and taken steps to increase its $20m Financial Guarantee based on the latest International Monetary Fund (IMF) statistics. According to the latest IMF statistics at least 12 countries are known to have increased their gold reserves in March indicating the continuation of a trend now going back more than two years, and one which has...

2011-04-14 01:00:00

HELLERUP, Denmark, April 14, 2011 /PRNewswire/ -- Saxo Bank, the online trading and investment specialist, today released its second quarter Outlook, a short analysis examining the global economic outlook for the forthcoming quarter. Economic growth has been strong across the board for the most part this year, but that is not an all-clear for loading up in risky assets. Saxo Bank foresees increased volatility in the second quarter as uprisings in the Middle East, a wounded Japanese...

2010-10-25 13:58:00

NEW YORK, Oct. 25 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: From its mid-October all-time high pennies over US$1,387 to its recent low just under $1,315 last Friday, gold suffered a loss of just about 10 percent. However, looking closely at the price action and short-term supply/demand flows of recent weeks reveals the metal's inherent strength --...

2009-09-10 11:01:18

The Bank of England said Thursday it would maintain its bank-to-bank lending rate at 0.5 percent and continue with a $291 billion program of asset purchases. The BOE lowered its lending rate to its current, historic low in March to add liquidity to the financial system. It also began a more modest asset purchasing program in March, a $125 billion program, which it expanded in August to the current level. To date, the bank has made about $243 billion in asset purchases. In recent policy...

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2009-09-03 14:17:45

The European Central Bank left its overnight bank-to-bank lending rate unchanged Thursday citing an uneven economic recovery. In a news conference, bank President Jean-Claude Trichet said inflation in the euro at minus 0.2 percent in August, was expected to turn positive within the coming months. The EC bank said it would keep the lending rate at 1 percent, the rate it first set in May. Trichet said it was not yet time to back away from economic programs that propped up the financial system...

2009-08-06 09:41:49

The European Central Bank said Thursday it would keep its key lending rates unchanged. The bank-to-bank lending rate was trimmed to 1 percent in May following a series of reductions to meet the downturn in the economy. Bank President Jean-Claude Trichet was scheduled to explain the bank's actions later in the day.

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2009-07-02 09:38:02

The European Central Bank left its key lending rate unchanged at 1 percent Thursday, a move anticipated by many economists. In a prepared statement, bank President Jean-Claude Trichet said policymakers at the bank expected inflation to remain dampened over the policy-relevant horizon. Policymakers also expected a further deterioration in labor markets, he said. An economic recovery was expected to be gradual, he said, with a return to positive growth in the second quarter of 2010. Trichet...

2009-04-07 08:42:25

The European Central Bank said that European countries couldn't adopt the euro without becoming members of the eurozone. Responding to a media article concerning a draft of a confidential International Monetary Fund report, ECB Governing Council member Ewald Nowotny said, membership for European monetary union has very clear rules and these rules have to be followed. From an economic point of view, (loosening rules for membership) would not be a good signal, Nowotny said. The Financial Times...

2009-03-05 13:24:50

The Bank of England said Thursday it would cut its key lending rate to 0.5 percent, the lowest in bank history. The central bank also said it would begin quantitative easing of $105 billion, a program of pumping new money into the economy, generally through purchase of government bonds. The bank said the February Inflation Report had implied a substantial risk of undershooting the 2 percent consumer price index inflation target in the medium term. The bank's statement also noted the lower...

2009-01-21 12:46:54

Bank of England Gov. Mervyn King said the bank might resort to buying bonds from financial firms and the Treasury to restore lending and combat deflation. With key lending rates at the central bank at a record low of 1.5 percent, the bank is preparing to unleash unconventional measures, which would include a strategy of quantitative easing, King said. King said the bank was not quite ready to take the step that would be the equivalent of printing money, The Times of London reported...