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Top inflation-targeting bank in Asia mulls hike

Bloomberg A small economy that’s constantly battling risks beyond its control like typhoons and oil prices has been one of the most successful in managing inflation in Asia. The Philippine central bank, which has an annual inflation target that’s currently set at 2 percent to 4 percent, met its goal six times in the past eight years and the two ...

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Europe capitalised banks face disappointment over Basel

Bloomberg Banks in Norway, Scandinavia’s most prosperous economy, are among the best capitalised in Europe thanks to rules that are considerably stricter than those recommended by the Basel Committee on Banking Supervision. Now, the bankers’ association in Oslo is hoping local authorities will ease Norwegian requirements after the Basel Committee sent out its completed framework last week. But Norwegian banks ...

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Rate watchers stunned as Polish central bank governor turns ‘data deaf’ on inflation

Bloomberg Polish central bank Governor Adam Glapinski makes up in bravado what he lacks in evidence. Glapinski was unapologetic last week when confronted with figures that showed price pressures on the rise and inflation unexpectedly on target months earlier than forecast. In fact, Glapinski said the data “even reinforced” his conviction that the country’s longest-ever pause on interest rates can ...

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