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US downturn's impact limited in East Africa
An economic slowdown in the United States would have ramifications for East Africa but many factors can limit its impact, says Emmanuel Tumusiime Mutebile, the governor of the Bank of Uganda.
HKMA predicts impact of capital flow reversal
Improvements in external payment positions and financial strength have increased the resilience of Asian economies to a reversal of capital flows, research published by the Hong Kong Monetary Authority finds.
Saudi Arabia - Annual Report 2006/07
Real GDP rose by 4.3% over the course of the 2006/07 financial year.
Israel holds rates at 4%
The Bank of Israel's rate-setting board voted on Monday to keep rates at 4% for the third consecutive month.
Hungary holds rates on inflation fears
The National Bank of Hungary's rate-setting board voted on Monday to hold rates at 7.5% after the central bank's inflation report revealed inflation would decline more slowly than anticipated.
Mexico holds rates at 7.5%
The Bank of Mexico's rate-setting board voted on Friday to hold its benchmark rate at 7.5%.
Favoured Rock bid would repay £11 billion
The preferred bid for Northern Rock, led by the Virgin group of companies, would repay £11 billion-worth ($22.7 billion) of the beleaguered mortgage lender's Bank of England debt.
Fed aims to counter tensions with new operations
The New York Federal Reserve said on Monday that it will inject extra funds from now until the new year in a bid to counter "heightened pressures in money markets."
OTC derivatives trade grows by 135%
The value of positions in the over-the-counter derivatives market has increased by 135% in the last three years to $516 trillion, the Bank for International Settlements finds.
Globalisation gives greater role to communication
The globalisation of financial markets has made central bank communication more important than ever, says Mario Draghi, the governor of the Bank of Italy.
Qatar Central Bank - Annual Report 2005
The Qatari economy rocketed by an impressive 33.8% in 2005, boosted by the oil and gas sector, which expanded by 46.3%.
Consumption and income link strengthens in slump
Private consumption is more sensitive to changes in disposable income during recessions, research published by the Bank of England finds.
Hakkarainen new deputy at Bank of Finland
Pentti Hakkarainen, a member of the board at the Bank of Finland, is set to succeed Matti Louekoski as deputy governor in January 2008.
Trichet blames complexity for ratings reliance
Jean-Claude Trichet, the president of the European Central Bank, said on Friday that the complicated nature of many structured products had led to an over-reliance on credit ratings.
Poor data raises chances of UK rate cut
Worse-than-expected growth and woeful housing statistics have increased the likelihood that the Bank of England will move to cut rates next month.
ECB to counter new tensions with extra funds
The European Central Bank (ECB) said on Friday that it will inject more liquidity into the eurozone money market in a bid to allay "the re-emerging risk of volatility."
Subprime losses could mount to $300 billion
US housing market losses are likely to be in the region of $200 billion to $300 billion, a report by the Organisation for Economic Co-operation and Development (OECD) finds.
The drawbacks of disinflation policies
Economies enter persistent recessions and inflation heads above the long-run level in the immediate aftermath of a disinflation policy, research published by Banque de France finds.
Bank Indonesia - Annual Report 2006
The year 2006 was an engrossing year replete with numerous successes but also beset with challenges that further matured our managing of the economy, says Burhanuddin Abdullah, the governor of Bank Indonesia.
Hoenig: US economy will "weather this storm"
Thomas Hoenig, the president of the Kansas City Federal Reserve and the only member of the Federal Open Market Committee to vote against the 31 October rate cut, said that he thought the effects of the credit crunch were unlikely to spread very far.
Lomax on current monetary policy issues
Rachel Lomax, the deputy governor responsible for monetary policy at the Bank of England, delivered the following speech on Thursday night:
Zhou predicts "mild slowdown" for China
Zhou Xiaochuan, the governor of the People's Bank of China, said the fallout from the global credit turmoil will have just a small impact on Chinese growth next year.
Japan's Nakamura expects further US housing woe
Seiji Nakamura, a member of the Bank of Japan's rate-setting board, has said that the chances of economic slowdown in the United States are rising as the subprime market slumps further.
ECB loans show illiquidity in longer-term lending
The results of this month's European Central Bank (ECB) three-month open market operation reveal liquidity tensions remain for longer-term interbank lending.