that banks charge each other for short-term loans.That rate now will be 4.75%.The Central Bank made the same reduction in the rate it charges member banks for ovemight loans.The rate nov will be 4.5%. B Key words: 30 min protests meeting EU members low prices cut taxes trade peace and security policies inflation Japanese ports economy Vocabulary: demonstrator senate inflation Dutch Manila the Federal Reserve Board Now listen to some simple news items.Focus your attention on who,”"what,"when,""where,.”"why,"and“how'in each lead and write down what you hear in the given spaces. 40 min 1.Angry demonstrators are increasing their protests against rising fuel prices.World oil prices have reached a ten-year high of about $135 a barrel. 2.China has opened a meeting of African nations.Representatives of more than 40African nations are attend ing the three-day meeting in Beijing. 3. Dutch Prime Minister says the Czech Republic could become a member of the European Union early 2003.The Prime Minister told reporters that the final date would be decided by a conference ofEU member. 4.Finance ministers and Central Bank govemors of seven leading industrial nations are meeting in Washington.Officials from Britain Canada France.Germany Japan and the United States ar attending the meeting. that banks charge each other for short-term loans .That rate now will be 4.75%.The Central Bank made the same reduction in the rate it charges member banks for overnight loans .The rate now will be 4.5%. B Key words: protests meeting EU members low prices cut taxes trade peace and security policies inflation Japanese ports economy Vocabulary: demonstrator senate inflation Dutch Manila the Federal Reserve Board Now listen to some simple news items. Focus your attention on “who,” “what,” “when,” “where,” “why,” and “how’ in each lead and write down what you hear in the given spaces. 1. Angry demonstrators are increasing their protests against rising fuel prices. World oil prices have reached a ten-year high of about ＄135 a barrel. 2. China has opened a meeting of African nations. Representatives of more than 40African nations are attending the three-day meeting in Beijing. 3. Dutch Prime Minister says the Czech Republic could become a member of the European Union early 2003.The Prime Minister told reporters that the final date would be decided by a conference of EU member. 4. Finance ministers and Central Bank governors of seven leading industrial nations are meeting in Washington. Officials from Britain, Canada, France, Germany, Japan and the United States are attending the meeting. 30 min 40 min