Bank of England Should Regain Oversight Powers, Lawmakers Say

June 3rd, 2009

Rules created by U.K. Prime Minister Gordon Brown in 1997 to police the financial system have failed and contributed to the most recent crisis, lawmakers said.
Responsibility for raising the alarm on potential crises should return to the Bank of England, the House of Lords Economic Affairs Committee said in a report today. Currently, […]

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Indonesia’s Central Bank Says It Has Scope to Cut Policy Rate

June 1st, 2009

Indonesia’s central bank said it has room to cut its benchmark interest rate further after inflation slowed more than economists expected in May.
Bank Indonesia expects inflation to slow to between 5 percent and 6 percent in 2010, Senior Deputy Governor Miranda Goeltom told lawmakers in parliament today. Consumer prices rose 6 percent last […]

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