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Showing posts with the label central bank
South Korea freezes rates in first meet under President Moon Jae-in President Moon Jae-in South Korea's central bank on Thursday froze its benchmark interest rate at the record-low level in its first rate-setting meeting under the new government.Read More
Kenya’s Central Bank Place Imperial Bank under Statutory managementThe Central Bank of Kenya has placed Imperial bank under the management of Kenya Deposit Insurance Corporation for 12 months because of “unsafe or unsold business conditions.”  http://bit.ly/1RahSkq http://www.uitvconnect.com/newspaper/kenya%E2%80%99s-central-bank-place-imperial-bank-under-statutory-management
Janet Yellen will lead the powerful U.S central bank and decide the world's fortuneWashington :US President Barack Obama nominated Janet Yellen as the new Chairman of the powerful U.S central bank.Janet Yellen (67) will be the first woman to chair the Federal Reserve Bank in its 100 year history.She is going to hold  the most powerful position in the global financial system. Her step will affect  economic and financial market globally.She is currently vice-chairman of US Federal Reserve. She was associated with  US Federal Reserve as  an economist and member of its board of governors She was also the president of San Francisco Federal Bank. She was also associated with president Bill Clinton.Council of Economic advisors. She holds strong educational background with doctorate in economics from Yale University. She also got involved in teaching  profession  at UC Berkeley, London School of Economics  and Harvard University.Janet Yellen is married to Nobel Prize winning economist Geo…