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ANZ bank reports asset growth

  Bloomberg Australia & New Zealand Banking Group Ltd. shares rose to a seven-month high after the lender said it had boosted capital and reduced low-returning assets, while the bank’s chief executive officer indicated expenses for bad debts will remain steady. The stock jumped as much as 3.7 percent in Sydney even after Melbourne-based ANZ said adjusted proforma unaudited cash ...

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BOE requires more easing: McCafferty

  Bloomberg Bank of England (BOE) policy maker Ian McCafferty said that officials will likely ease policy again if the economy develops in line with the central bank’s forecasts — though they should take a gradual approach. “More easing is likely to be required” if the UK economy slows as initial survey data suggests, McCafferty said in an opinion piece ...

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Shock therapy must if RBNZ wants inflation to fly

  Bloomberg New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency. Investors are certain the Reserve Bank will reduce its official cash rate Thursday by at least a quarter point to 2 percent, a record low, and most expect it will deliver another cut to 1.75 ...

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