Interest rates

BoE's Lomax notes dramatic shift in outlook

The persisting financial turmoil and the build up in global inflationary pressures have led to a dramatic change in the outlook for 2008 and beyond, Rachel Lomax, a deputy governor at the Bank of England, said.

ECB right but opaque, says report

The latest Monitoring the European Central Bank report, published on Thursday by the Centre for Economic Policy Research (CEPR), suggests that there is much room for improvement in the way the European Central Bank (ECB) sets interest rates and…

Indonesia holds rates

Bank Indonesia's rate-setting board voted on Wednesday to leave rates at 8% in an attempt to bring inflation within the 4-6% range set for 2008.

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