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Turkey's Yilmaz on necessity of stable prices
"Nothing is possible without price stability. If price stability is settled, economic growth and employment will be assured," Central Bank of Turkey president Durmus Yilmaz told reporters after a meeting he attended in Ankara Chamber of Industry (ASO) on…
Oman launches Clearing House solution
The Central Bank of Oman's Automated Clearing House Solution (ACH) has been completed, HP Middle East announced.
IMF's Rato proposes Murilo Portugal as deputy
Rodrigo de Rato, managing director of the International Monetary Fund proposed the appointment of Murilo Portugal to the position of deputy managing director on Monday 23 October.
Poland's Samoobrona wants presence in NBP
Poland's Self-Defence (Samoobrona) party will propose its candidate for the post of deputy head of National Bank of Poland and is likely to be the Under Secretary of State in the Labour and Social Policy Ministry, Polish News Bulletin reported Monday 23…
Sterling sits pretty as volatility vanishes
According to this article from the Financial Times, published Tuesday 24 October, the UK's fiscal rules are superior to the eurozone's Stability and Growth Pact and the Treasury's opposition to joining the euro has been vindicated.
RBI's Reddy on payment and settlement systems
In the speech 'Payment and settlement systems - select issues' given on 20 October YV Reddy of the Reserve Bank of India said the RBI has formulated a 'Payment and Settlement Systems Vision' document for the use of banks, financial institutions as well…
Liikanen on Finland, the EMU and the euro
In the speech 'Finland, the EMU and the introduction of the euro' given on 20 October Erkki Liikanen of the Bank of Finland said many of the asymmetric shocks feared by the opponents to Finland's adoption of the euro have already been realised over this…
Iceland's central bank appoints Internal Auditor
Stefan Svavarsson has been appointed Internal Auditor of the Central Bank of Iceland, effective from 1 November, the central bank said on Monday 23 October.
PBOC's Su says China to seek more yuan flexibility
The People's Bank of China (PBoC) will continue to seek greater flexibility in the country's foreign exchange regime and seek to increase domestic hedging mechanisms against forex risk, central bank vice governor Su Ning told a conference in Suzhou on…
ECB's Wellink says rates still 'very low'
European Central Bank council member Nout Wellink said in an interview published Monday 23 October interest rates in the euro region are ``very low'' and the speed of economic growth could risk fueling inflation.
Barbados' Williams notes cost of poor governance
Central Bank of Barbados governor Dr Marion Williams has said Barbados ought to guard against excessively complex corporate governance regulations, and ensure that these regulations are functional.
Gono: Zimbabwe losing inflation battle
Reserve Bank of Zimbabwe governor Gideon Gono said in an interview published Monday 23 October there were several factors that were outside the central bank's control, which made it difficult to control inflation.
NBS chooses Wall Street Systems package
The National Bank of Slovakia (NBS) has selected Wall Street Systems, a provider of global treasury and capital markets solutions and services, to manage its banking functions, it was announced Monday 23 October.
How big will China's foreign reserves get?
According to this article published by the People's Daily Online on Monday 23 October, China's foreign exchange reserves will exceed $2,000 billion by the end of 2010.
Tumpel-Gugerell on Europe's financial sector
In the speech 'Building the future - Integrating Europe's financial sector' given on 23 October Gertrude Tumpel-Gugerell of the ECB said the ECB will only pursue plans for its own securities settlement system if it can offer much lower settlement fees…
ECB paper on public sector procurement legislation
The ECB Working Paper "National central banks and Community public sector procurement legislation: a critical overview" finds that an examination of the Public Sector Procurement Directive reveals no substantive grounds on which to argue that NCBs should…
Croatian National Bank - Annual Report 2005
According to the Croatian National Bank's Annual Report 2005, macroeconomic developments in 2005 were characterised by an acceleration of economic growth.
IMF paper on currency unions
Against the background of the theory of optimum currency areas, the IMF paper "Beauty queens and wallflowers - Currency unions in the Middle East and Central Asia" analyzes possible sequences for establishing a currency union (CU) in the Middle East and…
Belgium's Quaden on price and wage rigidities
In the speech 'Price and wage rigidities in an open economy' given on 12 October Guy Quaden of the National Bank of Belgium said understanding how prices and wages are determined and how they fluctuate over the business cycle is of course a crucial issue…
Italy's Draghi on regulation of financial markets
In the speech 'Measures for the protection of savings and the regulation of financial markets' given on 26 September Mario Draghi of the Bank of Italy said the quality of financial regulation is gauged by its effectiveness in preventing improper conduct,…
Reserve diversification - Danger for the dollar
According to this article published Tuesday 17 October by Daily FX, Russia has reignited the hot topic of reserve diversification and this time it is to the benefit of the Yen.
Bahrain says Gulf to keep dollar peg after union
A common currency for the GCC Gulf Arab states will at first be pegged to the US dollar although the peg may be reviewed later, Bahrain's central bank governor said Thursday 20 October.
Parra says Venezuelan inflation may exceed target
The president of Venezuela's central bank, Gaston Parra, has said inflation is likely to end the year about 4 percentage points above the government's target range of 10 percent to 12 percent.
UAE delays cheque clearing system for tests
The Central Bank of the United Arab Emirates has said at least 90 per cent of UAE banks are ready to implement the new system of cheque clearing that is expected to go live early next year.