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RBA's Lowe on financial cycles

Proposals for banks to accumulate capital buffers in the good times might help smooth out the swings in the credit cycle, said Philip Lowe, an assistant governor of the Reserve Bank of Australia.

Botswana to continue tightening

The Bank of Botswana will maintain its restrictive monetary policy, Linah Mohohlo, the governor of the central bank, said in the opening remarks to the mid-term monetary policy statement.

Serbia's Jelasic: more e-payments competition

The National Bank of Serbia wants to strengthen competition in payment transactions by supporting non-bank institutions, such as mobile operators, said Radovan Jelasic, the governor of the central bank.

RBI: lack of education limits electronic payments

A lack of education among bank staff at the branch level is the main reason for the slow adoption of electronic transfers in India, said Vittaldas Leeladhar, a deputy governor of the Reserve Bank of India.

Australia's banks bulk up bonds

Australian banks increased their bond issuance in the first half of 2008 partly as precaution in case of the global financial turmoil worsening, said Guy Debelle, an assistant director of the Reserve Bank of Australia.

Draghi on Italy's improving finances

Italy's public finances continued to improve in 2007, allowing for the excessive deficit procedure started by the European Commission in 2005 to be stopped, said Mario Draghi, the governor of the Bank of Italy.

Ireland to watch fiscal budget

The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.

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