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Firmer evidence needed for Aug rate cut: UK central bank

  BLOOMBERG Bank of England policy maker Martin Weale said he needs to see more evidence of the impact of the U.K.’s vote to leave the European Union before supporting additional stimulus at the central bank’s August meeting. BOE officials surprised markets and a majority of economists last week when they kept their key interest rate unchanged, and suggested they ...

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PBOC sees ‘liquidity trap’ as companies hoard cash

  Bloomberg A senior official at China’s central bank said companies may be falling into a ‘liquidity trap’ and that the government still has room for to expand the fiscal deficit. Signs of a liquidity trap, economist-speak for when central bank cash injections into the economy fail to spur growth as monetary policy loses potency, are showing in businesses and ...

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Developing Asian economies to grow 5.6 percent: ADB

  MANILA / AP The Asian Development Bank said on Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies’ performance will remain solid and help offset softness from the US economy and near-term market shocks from Britain’s ...

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