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BOC should be on guard with Fed to raise interest rates

  Bloomberg The USA Federal Reserve will raise interest rates as many as six times over the next 18 months and the Bank of Canada should be getting ready with increases of its own, Bank of Nova Scotia Chief Economist Jean-Francois Perrault said. While both central banks will be cautious about snuffing out recoveries, the USA job market will have ...

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Norway keeps rates at record low

  Bloomberg Norway’s central bank left its benchmark rate unchanged at a record low amid signs the economy of western Europe’s biggest oil producer will narrowly avoid a recession thanks to record fiscal and monetary stimulus. The rate was left at 0.50 percent, as forecast by 14 of 15 analysts surveyed. The bank raised its outlook for rates looking ahead, ...

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Banks to face potential penalty in Australia rate cases

  Bloomberg Three of Australia’s largest banks face maximum potential penalties of A$231 million (US$173 million) if they lose civil suits related to alleged rigging of an interest rate benchmark, a fraction of their combined first-half profits of A$10 billion. The Australian securities regulator has filed separate legal actions against Australia & New Zealand Banking Group Ltd, National Australia Bank ...

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