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CBR deputy says may be changes in monetary policy
The Central Bank of Russia may introduce changes to major directions of the monetary policy, stated Georgy Luntovsky, the deputy head of the central bank, at today's press conference in Nizhny Novgorod.
Central Bank of Nigeria slashes minimum rediscount
For the third time this year, the Central Bank of Nigeria has slashed the minimum rediscount rate from 16% to 14%, in a bid to encourage banks to reduce their lending rates.
India reconstitutes RBI central board of directors
The Indian government has reconstituted the central board of directors of the Reserve Bank of India as part of a periodic reshuffle, a central bank statement said on Tuesday.
Fed's Poole says preemptive Fed action crucial
St. Louis Federal Reserve President William Poole said on Tuesday the US central bank should monitor underlying causes of inflation such as money supply growth to help prevent price pressures from flaring up.
Euro more likely to recover than weaken-BoE's King
Europe's single currency was more likely to recover against other key currencies than to fall further, Mervyn King, deputy governor of the Bank of England, said on Tuesday.
Riksbank says rate hike will come sooner or later
Villy Bergstroem, deputy governor of Sweden's central bank, the Riksbank, Tuesday reiterated earlier Riksbank statements that an interest rate hike will come sooner or later.
ECB to mull raising M3 target to 5%
Bundesbank President Ernst Welteke said on Tuesday that the European Central Bank would discuss raising the reference value for M3 monetary growth to 5% from 4.5% at its December 14 meeting.
El Salvador move to dollars seen risky but viable
El Salvador must keep a tight rein on government spending to succeed with a controversial plan to introduce the US dollar into general use and jump-start its economy, economic analysts say.
Venezuela cenbank director sees boom on horizon
Venezuela is "on the edge of an economic boom," predicts central bank director Armando Leon.
Balcerowicz closer to becoming Polish c.bank chief
Leszek Balcerowicz, the architect of Poland's economic reforms after the 1989 fall of communism, looks increasingly certain to become the new chief of the country's central bank, politicians said on Tuesday.
Bank of England warns on tax cuts
The Bank of England, the UK central bank, has warned that it is premature to rule out further interest rate rises and threatened an immediate response if the government makes big pre-election tax cuts.
Financial crises in the emerging markets
A new paper just published by the Federal Reserve Bank of New York about financial crises in emerging markets and the role of the public and private sector.
Union to sue Bank of England over staff sackings
Unifi, the finance trade union, is to take the Bank of England to an industrial tribunal on behalf of six sacked employees who refused to sign 'inferior' employment contracts.
BOE: Joining euro means return to tax and spend
Sir Eddie George, the governor of the Bank of England, said that the government would have to rely more on taxation and spending policy to control the economy if Britain joined the euro.
Hackers penetrate Paraguay central bank website
On the morning of 27 November a group of "hackers"' again invaded the Paraguayan web sites of two banks, one of which was the central bank's, and one local media organisation.
Economic cooperation between Eurozone and Japan
Sakuya Fujiwara, deputy governor of the Bank of Japan, said at a conference that the Japanese economy was on its way to recovery, although significant structural reforms still needed to take place.
Virus in Bank of Thailand IT systems
The Bank of Thailand today yesterday warned all parties receiving information through its automatic system not to download any item from the website to avoid infecting their computers with a damaging virus.
China begins move to deregulate gold
The People's Bank of China, the country's central bank which has a monopoly on domestic gold trading, has taken the first step to deregulate the domestic gold market by reducing its authorised gold purchasing points in all provinces, industry sources…
Effect of oil price surge less than in 1970s - BIS
This year's surge in oil prices is likely to have less of an inflationary impact than the price shocks of the 1970s, the Bank for International Settlements said in its latest quarterly report.
Kenya banks try to head off interest rate controls
Kenya's commercial banks have offered to reduce interest rates on their loans in a move aimed at persuading parliament not to introduce tight controls on lending rates.
Sri Lankan economy records moderate growth
Sri Lanka's economy has recorded a moderate growth of some 4.5% during the first nine months of this year, according to the island country's central bank.
Indonesian govt proposes bill on central bank
The Indonesian government proposed here Monday a draft bill on the independence of the country's central bank, Bank Indonesia, to amend the existing one.
Bulgaria to keep currency board until joins EU
Bulgaria will keep its currency board until it joins the European Union, and will reduce borrowing from international lenders such as the International Monetary Fund and the World Bank, Prime Minister Ivan Kostov said Monday.
New Czech central banker says sees no big changes
Incoming Czech central bank governor Zdenek Tuma does not expect to make any big changes when he takes over the CNB this week, the daily Mlada Fronta reported.