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Dodge reveals lessons learned in final speech
To mark the end of his term as governor of the Bank of Canada and more than 35 years devising public-sector economic policy, David Dodge spoke on the three most important lessons that he had learned.
Chinese inflation surpasses previous peak
China's inflation accelerated further in November after matching the 11-year peak reached in August the previous month.
SWFs would follow private equity guidelines
Sovereign wealth funds would be willing to enter into the voluntary code of conduct set out in the Walker Review, an influential report on private equity governance standards and transparency, the author says.
Padoa-Schioppa urges haste on EU supervision
Europe must act decisively to enhance its supervisory structures, said Tommaso Padoa-Schioppa, Italy's economy and finance minister, on Tuesday.
US-style scheme could have stopped Rock run
A US-style deposit insurance scheme would have been a "real help" in halting the run on Northern Rock, Britain's chief regulator said on Tuesday.
Canada's Dodge and Carney assess outlook
Mark Carney, who is set to become the Bank of Canada's new governor next February, appeared in front of Canadian parliamentarians last week, as did current incumbent David Dodge.
Credit channel has bigger effect on big banks
Rate hikes have a greater impact on the lending behaviour of bigger banks than smaller institutions, research published by the Chicago Federal Reserve finds.
Price fall the main cause of subprime delinquency
A fall in house prices has been the single biggest contributor to the rise in subprime delinquency levels, research published by the San Francisco Federal Reserve finds.
Central Bank of Belize - Annual Report 2006
Growth accelerated to 5.8% in 2006, boosted by the launch of commercial oil operations.
Cyprus holds rates at 4.5%
The Central Bank of Cyprus's rate-setting monetary policy committee voted on Monday to keep its benchmark rate at 4.5% in its last scheduled decision.
Finland's Liikanen warns of dual threat
Erkki Liikanen, the governor of the Bank of Finland, said on Monday that the downside risks to growth have risen and inflation was set to accelerate.
GIC could get 9% UBS stake from $9.8 billion loan
The Government of Singapore Investment Corporation (GIC), a sovereign wealth fund, on Monday said that its Sfr11 billion ($9.8 billion) investment in UBS, the bank, could lead to it acquiring as much as a 9% stake in the company.
Canada spells out SWF requirements
The Canadian government will block investment by state-owned enterprises, such as sovereign wealth funds, unless corporate governance and commercial standards are adhered to.
UBS reveals $10 billion subprime loss
UBS, a bank, said on Monday that it would write down $10 billion-worth of subprime losses, the second largest amount revealed so far. The bank also said it could make a loss for the financial year because of its subprime liabilities.
UK and Japan react to house prices, but not Fed
The Bank of England's and the Bank of Japan's monetary policy responds to house price changes, but the Federal Reserve's does not, research by the Riksbank finds.
Central Bank of Costa Rica - Annual Report 2006
The Central Bank of Costa Rica intensified its efforts in reducing medium-term inflation in 2006.
Prices stickier for manufacturers: US research
The cost for manufacturers to re-price their goods deters them from making changes, research by the New York Federal Reserve finds.
Subprime aftermath risks exacerbating imbalances
Financial market turbulence, together with a significant slowdown in the United States, could lead to and be exacerbated by a disorderly resolution of global current account imbalances, says the Bank of Canada's latest Financial System Review.
Korean rates on hold amid uncertainty
The Bank of Korea's rate-setting monetary policy committee kept the benchmark uncollateralised overnight rate at 5% despite an increase in inflation.
Peru keeps rates at 5%
The Central Bank of Peru's rate-setting board on Thursday voted to hold its benchmark reference rate at 5% after monthly inflation fell to 0.11% in November.
Indonesia cuts rates unexpectedly
Bank Indonesia's rate-setting board surprised markets on Thursday by lowering its benchmark rate by 25 basis points to 8%.
SEC's Cox warns on SWF state ownership
The fundamental question on sovereign wealth funds does not concern the advisability of foreign ownership, but rather of government ownership, says Christopher Cox, the head of the Securities and Exchanges Commission (SEC).
UK cut does little to alleviate interbank tension
Sterling interbank borrowing costs fell only slightly in response to the Bank of England's 25 basis point rate cut on Thursday, indicating that the cut did little to alleviate liquidity tensions.
National Bank of Serbia - Annual Report 2006
Core inflation fell below the National Bank of Serbia's 7% to 9% target range in 2006 to just 5.9%.