Inflation

King presents gloomy outlook

The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."

Floating rates worth weight in gold for Germany

German society was better off under the floating exchange-rate regime than during the pre-first world war classical gold standard period, finds a paper by Michael Bordo and Bernhard Eschweiler for the National Bureau of Economic Research.

Taiwan - Annual Report 2007

The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.

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