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Monetary Policy

Swedish deputy on currency unions

In a speech in to celebrate the Bank of Uganda's 40th anniversary, the first deputy governor of Sveriges Riksbank talks about how countries should prepare themselves for joining a monetary union.

South African Reserve Bank releases annual report

According to the Reserve Bank's 2006 Annual Economic Report released on Wednesday 23 August, South Africa's current account deficit widened to a seasonally adjusted and annualised R98.9-billion in the first half of 2006 from R58.7-billion in the first…

Norges Bank raises interest rates

In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".

Thai governor calm over strong baht

Pridiyathorn Devakula, the governor of the Bank of Thailand governor, reassured domestic exporters and investors on Tuesday that the baht is being closely monitored and said that its current value is neither too high or low.

Colombia raises rates to 21-month high

Colombia's central bank raised its key intervention rate on Friday to 6.75% from 6.5%. The move was expected by market observers as inflationary pressures have been building through high consumer spending, rapid growth in imports and a sharp increase in…

China raises rates by 0.27%

The People's Bank of China on Friday 18 August announced increases of 0.27 percent for key lending and deposit rates in an attempt to slow investment and prevent the economy from overheating.

Sweden's Srejber on monetary union

In the speech 'Frameworks and stabilisation policy in a monetary union' given on 17 August Eva Srejber of the Sveriges Riksbank said when discussing whether or not to join or form a monetary union, concerns are usually expressed that the countries in the…

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