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Slovakia pledges 2009 for euro adoption

In an interview with the Financial Times, Slovakia's finance minister Jan Pociatek said, "It is my personal responsibility to follow the euro commitment," allaying fears that the new leftist government might delay the adoption of the single currency.

Bank of Uganda to manage oil revenues

According to this article published by The East African on Monday 7 August, Uganda is finalising the setting up of a Petroleum Fund to manage revenues expected from recently-discovered oil fields in the country.

Thailand to keep rates steady

The Bank of Thailand will probably keep its benchmark interest rate on hold for the rest of the year after borrowing costs quadrupled since August 2004, the central bank governor told Bloomberg in an interview on Monday 7 August.

SARB's Guma reappointed deputy governor

South African President Thabo Mbeki has reappointed Xolile Guma to serve as deputy governor of the central bank for another five years, the South African Reserve Bank (SARB) said on Monday 7 August.

A contrasting tale of two central bankers

According to the article "From Poland to Japan: a contrasting tale of two central bankers" from The Japan Times, published Monday 7 August, Poland's new leaders look set to concentrate the entire spectrum of financial supervisory powers in the prime…

Fundanga on the future of the Zambian economy

In the speech 'Future of the Zambian economy - a balanced look' given on 30 June Caleb M Fundanga of the Bank of Zambia said we see the future of the Zambian economy as one which is highly diversified through resuscitating the industrial base to enable…

The banking system in emerging economies

Drawing on contributions by senior central bank officials from emerging market economies and staff of the Bank for International Settlements, the BIS Papers "The banking system in emerging economies: how much progress has been made?" published 7 August…

Li Yang says China shouldn't follow US

China should not follow in the footsteps of the United States by starting a cycle of interest rate rises, former central bank adviser Li Yang said in an article published on Monday 7 August.

Guru with the keys to the kingdom

In a recent interview with The Banker magazine, Dr YV Reddy, governor of the Reserve Bank of India, says he is "not necessarily looking for a dramatic shift" in the "dynamic mix" that currently makes up the banking sector in India.

Managing China's forex reserves

This article from The Star Online, published Friday 4 August, looks at the appropriate level for China's increasing foreign exchange reserves which will soon hit the US$1 trillion mark.

NY Fed's Rutledge on on compliance

In the speech 'Supervisory perspectives on compliance for international banks operating in the United States' given on 25 July William Rutledge of the Federal Reserve Bank of New York examines the challenges that globalization, financial innovation and…

Kansas Fed's Hoenig on the economic outlook

In the speech 'The economic outlook and monetary policy: Challenges in the period ahead' given on 19 July Thomas Hoenig of the Federal Reserve Bank of Kansas City said monetary policy is "somewhat restrictive".

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