EUR/USD
1.17167
-0.039%
Gold
4327.29
-0.126%
Oil
55.653
-0.387%
USD/JPY
156.981
0.918%
GBP/USD
1.33800
-0.010%
GBP/JPY
210.045
0.922%
Real-time News
ECB Governing Council member Rehn: The outlook for economic growth and inflation remains highly uncertain due to the nascent trade war and geopolitical tensions.December 19th - Japanese Economy and Fiscal Policy Minister Minoru Jonouchi stated on Friday that he respects the Bank of Japans decision to raise interest rates to 0.75%, but it is necessary to closely monitor the economic outlook. He said, "In formulating economic and fiscal policies, we believe it is necessary to pay close attention to several factors, such as the impact of US trade policy, the impact of continued price increases on private consumption, and volatility in financial and capital markets." Jonouchi emphasized the importance of continuing to implement appropriate monetary policy to achieve strong economic growth and stable inflation.Polish Prime Minister: We expect to receive more EU agricultural funding in the next budget.Polish Prime Minister: Thanks to our decision to finance Ukraine, the country is expected to begin negotiations with Russia under acceptable conditions.On December 19th, an Italian parliamentary committee approved an amendment to next years budget that declares the countrys central banks gold reserves to belong to "the people," ignoring criticism from the European Central Bank. Since the amendment was proposed last month by the right-wing Brothers of Italy party led by Prime Minister Meloni, the European Central Bank has intervened twice, warning that the move could undermine the independence of the Bank of Italy. The text approved by the Italian Senates budget committee on Friday states: "The gold reserves, as shown on the balance sheet of the Bank of Italy, managed and held by it, belong to the Italian people." The proposed legislation still needs to undergo several approval processes before it can take effect, including wording aimed at clarifying that it will not supersede EU rules protecting the central banks independence. The Bank of Italy states on its website that it holds the worlds third-largest national gold reserves, after the United States and Germany.
