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ECB's Bini Smaghi: Europe must liberalise

Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, has claimed that rigid European labour and product markets hamper the ability of economic policies to foster growth.

Philippine's Tetangco - links with US decisive

The macroeconomic impact of the current turmoil on Philippine's economy will depend on trade links with the United States, remittances and investments, said Amando Tetangco, the governor of the Central Bank of Philippines.

Trichet hints at rate cut

Jean-Claude Trichet, the president of the European Central Bank (ECB), on Monday signalled the Governing Council would cut interest rates at its next meeting on 6 November.

Korea's Lee urges caution

Central banks need to be cautious in coping with price pressures as financial markets are very unstable and their future direction is unclear, said Seongtae Lee, the governor of the Bank of Korea.

SA's Mboweni challenges IMF and World Bank

Tito Mboweni, the governor of the South African Reserve Bank, has lashed out at the Bretton Woods institutions, labelling them vehicles for developed economies to control developing and emerging-market countries.

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