Economics

Central Bank of Kuwait - Annual Report 2007-08

The Central Bank of Kuwait continued its efforts during the fiscal year 2007-08 to control domestic liquidity growth rates by taking various measures to manage the noticeable rise in credit facilities available in the country.

Steady progress of Islamic Banking in Mauritius

Mauritius is consolidating its first steps in Islamic finance, aiming to position the country as a jurisdiction of choice for world-class Islamic financial services, said Rundheersing Bheenik, the governor of the central bank.

Cayman Islands Monetary Authority - Ann Rep 07-08

The growing size and complexity of the financial services industry placed increasing demands on the Cayman Islands Monetary Authority during 2007-08, said Cindy Scotland, the managing director of the central bank, in the institution's latest Annual…

Swine flu panic over at World Bank

The World Bank has said that employees could return to work on Friday after none of the staff exposed to a colleague thought to have contracted swine flu exhibited any symptoms.

Bangladesh Bank - Annual Report 2007-2008

The Bangladeshi economy expanded at a satisfactory pace during the 2008 financial year despite a number of natural disasters, notes the latest Annual Report from the country's central bank.

Singapore warns on swine flu

Singapore's central bank said on Wednesday that swine flu will exacerbate the already severe downturn being felt by south-east Asia's most open economy.

Nigeria signs pact to host African central bank

Africa has moved another step closer to establishing a continental central bank after Nigerian lawmakers and African Union officials signed a memorandum of understanding to house the regional hub in Abuja, the country's capital.

Swiss economy to take 3% hit - SNB's Roth

Jean-Pierre Roth, chairman of the Swiss National Bank, has said that GDP this year is expected to contract by 3%, suggesting a less severe recession than in Germany or the United Kingdom.

Turkey and the crisis

Monetary authorities in countries like Turkey, where relatively low increases have been observed in risk premia, have been able to cuts rates significantly, explained Durmus Yilmaz, the governor of the country's central bank.

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