Australia's central bank says financial system sound, stable
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Australia's central bank said the country's financial system is sound and ongoing economic growth has created a favourable outlook for financial stability.
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Australia's central bank has raised interest rates by 25 basis points to a six-year high of 6.0 percent in an effort to head off inflationary pressures in a booming economy.
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Australia&#39;s central bank said Monday that an expected increase in inflation next year could force it to raise interest rates. The government has pledged to keep interest rates low, but prices have been rising
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WASHINGTON -- The economy is in pretty good health despite the ailing housing and auto industries, allowing the Federal Reserve to feel comfortable about leaving a key interest rate alone.
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European Central Bank chief Jean-Claude Trichet said Saturday the bank did not rule out either raising or lowering interest rates, while saying that the eurozone's economic fundamentals were sound.
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Australia&#39;s central bank on Tuesday  provided banks with more cash than expected to try to combat a  sharp rise in bank bill rates as the sector felt the impact of  the global credit squeeze.
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Economic growth in South Africa is reviving, helped by high commodity prices and low interest rates, the country's central bank says.
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U.S. consumers are in good financial  shape, a top Fed official said on Monday, dismissing fears that  high levels of household debt are unsustainable.
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Australia&#39;s fourth largest bank, Westpac Banking Corp., announced Monday a 16.3 percent rise in net profit in fiscal 2004 and said it was confident of strong performance next year despite intensifying competition.
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Federal Reserve Chairman Ben S. Bernanke indicated today that the central bank is likely to hold interest rates steady for a while but remains ready to hike borrowing costs if necessary to force inflation lower.
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China is willing to promote  flexibility of its currency, but it will keep the yuan  &quot;basically stable at a reasonable, balanced level,&quot; Vice  Premier Wu Yi said on Thursday.
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Federal Reserve chairman Ben S. Bernanke said stock markets "seem to be working well" after yesterday's global rout and the central bank still expects the U S economy to pick up.
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Japan's central bank kept its loose monetary policy unchanged Friday amid signs that keeping ample cash flowing in the financial system is necessary to keep the nation's economic recovery going.
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&quot;The economy is doing reasonably well,&quot; says Fed chief Alan Greenspan. &quot;Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months.
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The central bank left its benchmark interest rate unchanged at 5.25 percent and signaled that it would keep it at that level for some time.
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Commonwealth Bank of Australia, the nation&#39;s second-largest lender, reiterated its forecast for compound annual growth in per-share operating profit of at least 10 percent in the next two years.
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MELBOURNE (Dow Jones)--Australia and New Zealand Banking Group Ltd. (ANZ.AU) said Tuesday that the nation&#39;s third-biggest lender still expects to deliver a record profit