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Dollar pegs should be reconsidered: King

Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.

Botswana to continue tightening

The Bank of Botswana will maintain its restrictive monetary policy, Linah Mohohlo, the governor of the central bank, said in the opening remarks to the mid-term monetary policy statement.

Botswana - Annual Report 2007

Financial services and public access to banking services significantly improved last year, said Linah Mohohlo, the governor of the Bank of Botswana, in the latest annual report.

High demand for longer-term Fed funding

The results of the Federal Reserve's first Term Auction Facility (TAF) operation to offer 84-day credit highlight the banking sector's demand for longer-term financing.

US inflation and unemployment to rise: poll

US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.

RBA looking to lower rates

The Reserve Bank of Australia has reiterated that it will soon cut its key rate, now at a 12-year high, on signs that high borrowing costs are now curbing domestic demand.

Singapore - Annual Report 2007

Singapore's economic growth may ease in the coming quarters as the global economy weakens and as inflationary pressures persist, said Goh Chok Tong, the chairman of the Monetary Authority of Singapore, in the institution's latest annual report.

New York Fed names new IT systems head

William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.

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