Finance, Forex and Investments

Central Bank News

BOE voted 7-2 for steady rates in July: minutesWednesday, July 20, 2011 @ 4:05AMFRANKFURT (MarketWatch) -- The Bank of England's Monetary Policy Committee voted 7-2 to hold its key lending rate steady at a record low 0.5% on July 7, according to minutes of the meeting released Wednesday, marking no change to the voting pattern seen in June. MPC members Spencer Dale and Martin Weale both dissented in favor of a quarter-point rate hike, citing worries inflation pressures and ...

IMF: PH central bank may need to keep normalizing policyWednesday, July 20, 2011 @ 4:05AMThe International Monetary Fund said on Wednesday the Philippine central bank may have to continue normalizing its policy stance after two rate increases totalling 50 basis points so far this year.

Bank of England Minutes Reveal Few Surprises; Sterling Outlook MurkyWednesday, July 20, 2011 @ 4:03AMThe Bank of England released its minutes from its July meeting this morning which showed that the governing council voted 7-2 to maintain its benchmark interest rate at 0.50% as most members of the MPC felt that the recent softening of data meant there was less need for tightening of monetary policy in the short-term.

US Intervenes to Block Egyptian Arrest of Boutros GhaliWednesday, July 20, 2011 @ 4:00AMFollow Israel news on and . The United States has intervened in an attempt by Egypt to arrest its former Finance Minister, Youssef Boutros-Ghali.

SBP to announce monetary policy on July 30Wednesday, July 20, 2011 @ 3:58AMISLAMABAD: The Pakistan central bank will announce its monetary policy on July 30 for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan said on Wednesday.

The Rumour Mill: Wednesday's football transfer news and gossipWednesday, July 20, 2011 @ 3:58AMIn today's Rumour Mill: Rangers make formal approach for Miller; McCoist still in the dark over Cuellar; Celtic deny Stignen trial comments; plus the rest of the day's

Nigeria: Funding AgricultureWednesday, July 20, 2011 @ 3:57AMThe governor of Central Bank of Nigeria(CBN),Sanusi Lamido Sanusi, spoke the mind of many Nigerians when, at a recent function, he expressed reservation over poor funding of the agricultural sector, pointing out that it was a major cause of the country's economic and social woes.

Nigeria: Muslims, Christians to Run Islamic Bank - SanusiWednesday, July 20, 2011 @ 3:56AMGovernor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi yesterday assured the Nigerians that the Bank is for all Nigerians, regardless of religious affiliation.

BHP coal output tops forecasts, full production months awayWednesday, July 20, 2011 @ 3:56AMSYDNEY (Reuters) - BHP Billiton, the world's biggest miner, reported a faster-than-expected recovery in production of steel-making coal from its flood-hit collieries in eastern Australia but warned ...