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Malaysian Central Bank Governor Zeti Akhtar Aziz said the country's interest rates are at an “appropriate'' level to promote growth and other measures could be used to cool inflation.
“We aren't having any major issues except for rising prices that mainly emanate from rising costs and this is something that we have to […]
Business leaders said they were aghast by the culture of banking and its excesses following revelations that a trader at French bank Societe Generale (SOGN.PA: Quote, Profile, Research) had lost $7 billion through possible fraud.
“It’s something that further damages the image of banking at a time when people are already very concerned about risks,” […]
Prime minister Gordon Brown said today banks have the responsibility of passing on Bank of England (BoE) rate cuts to the wider public.
‘Society and banks have a duty to take that (the BoE’s quarter point rate cut to 5.50 pct last month) into account,’ he told reporters.
For his part, Chancellor of the Exchequer Alistair Darling […]
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