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Central Banks

Fed hawk Fisher softens stance

Richard Fisher, the president of the Dallas Federal Reserve and the lone dissenter on the last two Federal Open Market Committee (FOMC) votes, has acknowledged that slowing growth and a slump in commodity prices may stem inflation.

Malta - Annual Report 2007

Fiscal policy is the only short-term countercyclical instrument available since Malta joined the eurozone, said Michael Bonello, the governor of the Central Bank of Malta, in the latest Annual Report.

Turkey: past FX intervention worked

Direct foreign-exchange market interventions carried by the Central Bank of Turkey between 2002 and 2005 led to a fall in predicted volatility in the foreign-exchange market, a new paper from the central bank finds.

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