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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.

Saudi Arabia's inflation challenge

Inflation in Saudi Arabia accelerated from 4.1% in 2007 to 11.1% in July 2008, posing challenges in the coordination between controlling inflation through monetary policy and enhancing economic growth through expansionary fiscal policies, said Hamad Al…

Chile's De Gregorio on handling bubbles

The lesson from the present crisis is that we cannot wait for asset-price bubble to burst before addressing its effects, said Jose De Gregorio, the governor of the Central Bank of Chile.

Trichet: joint action sets precedent

Monday's decision to provide broad access to liquidity and unlimited dollar funding marked a "world premiere" in exceptionally-confident cooperation between central banks, Jean-Claude Trichet, the president of the European Central Bank (ECB), has noted.

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