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Trinidad and Tobago's Williams on SME

The small- and medium-sized enterprise (SME) sector is a major provider of employment in the domestic economy, said Ewart Williams, the governor of the Central Bank of Trinidad and Tobago.

Hildebrand calls for restrictions on leverage

Philipp Hildebrand, the vice-chairman of the Swiss National Bank (SNB), said excess leverage was the main cause of financial fragility and the current global banking crisis, and called for restrictions on leverage ratios.

Norway to tap oil wealth

The Norwegian is expected to spend more of its oil revenues to avoid a severe recession, and might draw on the assets of its $332 billion (£222 billion) sovereign wealth fund to finance a new fiscal spending package.

UK inflation falls as King writes letter

British inflation fell in November but remains far above the Bank of England's target, obliging Mervyn King, the governor of the central bank, to write another letter explaining why inflation remains so high and what the Bank is doing to bring it down.

BoE survey confirms household squeeze

The results of a survey of household finances, published on Monday by the Bank of England, finds that 71% of British homeowners and tenants have experienced declines in their disposable income in September compared with the same month last year.

Riksbank's Oberg on wage bargaining

The sector of the economy that is exposed to international competition should also set the norm for wage increases in Sweden, said Svante Oberg, a deputy governor of the Riksbank.

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