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New UAE law enhances Central Bank roleUAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a key Federal Decree concerning the Central Bank and organisation of financial institutions and their activities. The law represents a pa More… |
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UAE cbank may have role in setting monetary policyAuthorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday. More… |
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Credit flow control ‘vital’ for emerging countriesEmerging market nations can be adversely affected by large swings in investment and, therefore, must develop tools to control credit flows or risk relinquishing any independent monetary policy, a study shows. These findings were p More… |
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Central banks 'need to co-ordinate on liquidity'Central banks should co-ordinate to avoid unwanted side-effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told yesterday. Opening the second day of an annua More… |
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Central banks loosen monetary policyChina, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three More… |
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Gold at 2-week peak on hopes for monetary easingGold hovered near a two-week high on Wednesday, helped by hopes central banks will ease monetary policy in a bid to nurture a fragile recovery in the global economy. The European Central Bank is expected to cut interest rates on Thursday i More… |
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China inflation slows but pressures remainChina's inflation eased in April to 5.3 per cent and other data, including industrial output and loans, suggested slower activity in the world's second-biggest economy and less room for further aggressive moves to tighten monetary policy. More… |
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Monetary policy to lift sukuk marketThe sukuk market in 2011 will be driven by the recovery made in global economic activity, flexible monetary policies, and sovereign fund-raising efforts to support economic growth as well as the revival of private sector projects, said a report. More… |
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China should tighten its monetary policyChina should tighten monetary policy to staunch liquidity, and more measures should follow next year, an advisor to the central bank said. "We need to find ways to drain excessive liquidity, and adopt a suitably tightened and p More… |
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Saudi monetary policy appropriate, says cbankSaudi Arabia's central bank governor said on Thursday that its monetary policy was at the appropriate level given the country's economic conditions. The central bank, like others around the world, has slashed benchmark lending rate More… |
