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Danish minister slams ECB’s stimulus policy

Bloomberg Denmark’s government is wondering how much longer the economy will be exposed to the distortions wrought by negative interest rates, and is urging European Union leaders to enter a debate on the appropriateness of the current monetary policy environment. The country, which has lived with negative rates longer than any other, has been forced to keep its main monetary ...

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Banxico chief defends tight stance on rates

Bloomberg Mexico’s central bank Governor Alejandro Diaz de Leon reinforced the bank’s tight monetary policy stance, saying there was far too much uncertainty over US trade talks and persistently high inflation to change course now. While acknowledging the impact high interest rates have on already sluggish economic growth, the central bank sees an even larger cost if it doesn’t anchor ...

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BOE’s Carney picks glass half full view on rules for European banks

Bloomberg The Bank of England is holding off from forcing most European banks operating in the UK to become subsidiaries, but says it’s ready to get tougher if progress towards a Brexit deal breaks down. Governor Mark Carney told lawmakers in London that making lenders and insurers go through the process of setting up subsidiaries, only to then reverse course ...

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