Central Banks

Zero rates the only way out: ex-MPC members

Central bankers and global regulators must throw out the rule book on moral hazard, and act rapidly and decisively to fix the global financial meltdown, former members of the Bank of England's Monetary Policy Committee have said.

British PM denies UK close to joining euro

Gordon Brown, the British prime minister, has denied the UK plans to join the eurozone after the European Commission president said Britain was "closer than ever before" to adopting the single currency.

Turkey justifies November cut

The Central Bank of Turkey's rate-setting committee opted to cut rates earlier this month on signs inflation would fall more rapidly than expected, the minutes of the meeting reveal.

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