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| Canadian banks want action on collateral reform | | Canada’s biggest banks have urged Jim Flaherty, the country’s finance minister, to quickly grant the central bank greater powers to set collateral requirements, local media reports have said. | | 12-May-2008 | | | |
| Probability of June rate cut falls on UK data | | The chances of the Bank of England’s Monetary Policy Committee (MPC) opting to cut rates next month looked slim after data out Monday showed producer price inflation (PPI) shot up in April. | | 12-May-2008 |
| | Fund warns Gulf countries on inflation | | Gulf Cooperation Council (GCC) countries with currencies pegged to the greenback will face a tough battle against inflation, the International Monetary Fund said on Monday. | | 12-May-2008 |
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