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ECB tests flavour of inflation as big policy discussion looms

Bloomberg This isn’t the inflation the European Central Bank is looking for — but it is inflation. Figures this week are forecast to show euro-area consumer-price growth could have reached its fastest since early 2017 on the back of more expensive oil and a rebound in travel costs. The cost of crude and a weaker euro are also set to ...

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Toronto-Dominion CEO says ‘uncertainty’ Canada’s biggest risk

Bloomberg From trade talks and scrapped deals to elections and government infighting, “uncertainty” has emerged as the biggest obstacle for Canada, according to the head of the nation’s largest lender. “It’s all this uncertainty we’re looking at,” Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said in a BNN Bloomberg interview when asked what’s the biggest risk to his bank’s Canadian ...

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Fed’s Powell, global central bankers give their crisis policies an incomplete grade

Bloomberg Federal Reserve Chairman Jerome Powell and other top central bankers defended their use of unconventional policies during and after the financial crisis, but said more work was needed before they could declare the experiments successful. “The test is not over,” Powell said, less than three weeks before the Fed is expected to raise its policy interest rate for a ...

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