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Central Bank of Sri Lanka - Annual Report 2008

Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.

Fed bailout critic Stern to step down

Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.

RBI prepares for 75th anniversary

The Reserve Bank of India (RBI) commemorated entering its 75th year on Wednesday with a speech by the governor, who announced plans to mark its platinum jubilee.

Depth of Icelandic cut limited on krona concern

Members of the Central Bank of Iceland's monetary policy committee decided unanimously to cut the key policy rate by a full percentage point to 17% but resisted a steeper move owing to caution about the impact on the currency, the minutes for the 17 and…

Tarp could cost taxpayers more

The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.

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