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Fed's Kohn advocates exchange-rate flexibility
Donald Kohn, the vice-chairman of the Federal Reserve, has said that the gains from monetary policy would be better achieved with more exchange-rate flexibility.
Turkey will conquer inflation: Yilmaz
The Central Bank of Turkey will not dodge its responsibility for the maintenance of price stability, Durmus Yilmaz, the governor of the institution, stated.
How to put the City into financial stability
Michael Foot, a former executive director responsible for supervision at the Bank of England, suggests ways to limit potential conflicts of interest in appointing City of London bankers to the new Financial Stability Committee at the Bank.
Poland raises rates a quarter point
The National Bank of Poland increased rates by a quarter point on Wednesday.
Fed keeps rates on hold
The Federal Open Market Committee (FOMC) opted on Wednesday to hold rates for the first time since August following a sequence of eight straight cuts.
NY Fed revamps organisational structure
The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.
HKMA shuffles executive directors
The Hong Kong Monetary Authority (HKMA) on Thursday announced two new executive director appointments.
US regulator approves Basel II for smaller banks
The Federal Deposit Insurance Corporation (FDIC), one of the US's regulatory agencies, on Wednesday approved a version of the Basel II framework designed for the country's smaller banks.
Trichet reiterates price stability commitment
Jean-Claude Trichet, the president of the European Central Bank, has said that the rate-setting Governing Council is strongly determined to secure the firm anchoring of longer-term inflation expectations.
HKMA's Lau on how to benefit from Islamic finance
Asian economies must cooperate more to reap the rewards of Islamic finance, Edmond Lau, the executive director responsible for monetary management at the Hong Kong Monetary Authority, said.
Chinese banks improved by foreign investment
The Chinese banking system has benefited from the entry of foreign investors, research published by the Bank of Finland finds.
World Bank publishes governance indicators
Several of the world's emerging economies now have better governance standards than their industrialised peers, the World Bank's latest governance indicators reveal.
Former Indonesian governor stands trial
Burhanuddin Abdullah, the former governor of Bank Indonesia who is facing corruption charges, appeared in court on Wednesday.
ECB fails to find builder for new headquarters
The European Central Bank (ECB) said on Wednesday that it had closed its tender for the construction of its new headquarters as contractors' estimates were well above what the central bank had budgeted for.
SWFs involved in Barclays's £4.5 billion share off
Two sovereign wealth funds will invest a combined amount of almost £2 billion (£3.93 billion) in Barclays, the bank said on Wednesday.
Saudi governor confirms GCC currency plan changes
The Gulf Cooperation Council (GCC) looks set to drop its 2010 target for monetary union after the governor of the Saudi Arabian central bank said that it would take longer than two years to establish a common currency.
Norwegian rates rise to five-year high
Norges Bank has increased its benchmark rate by a quarter point to 5.75%, its highest level since January 2003.
National Bank of Hungary - 2007 Annual Report
The National Bank of Hungary initiated several major changes in 2007 in order to enhance the quality and efficiency of the money supply.
Canadian housing market remains resilient
The Canadian housing industry is still strong despite the risks and challenges presented by the collapse of the US mortgage market, said Sheryl Kennedy, a deputy governor at the Bank of Canada.
Norges Bank - Payments Systems Annual Report 2007
Svein Gjedrem, the governor of Norges Bank, urged banks to charge for their payment services in order to cover the costs associated with payment systems.
Education a good investment: CNB's Tuma
Investment in education is by no means an empty slogan, said Zdenek Tuma, the governor of the Czech National Bank.
Central bank took too long to hike: Polish PM
Donald Tusk, Poland's prime minister, has criticised the country's central bank for failing to hike rates sooner to curb inflation.
Czechs hit out at financial disclosure reports
The Czech National Bank has warned that publication of senior employees' financial positions is illegal after press reports emerged detailing the expenditures of senior staff members.
Knight departure prompts BIS governance queries
A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.