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Bank of Canada gets luxury of time on rates as inflation eases

Bloomberg Canadian inflation eased for the first time in four months in October as gasoline prices fell and the economy showed few signs of price pressure, bolstering the view the central bank can afford to wait before it tightens policy further. Annual inflation decelerated to 1.4 percent, from 1.6 percent in September, Statistics Canada reported in Ottawa. That matched the ...

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Cyber threat looms for banks in UK as ring-fencing exposes data

Bloomberg New rules that were supposed to protect depositors may end up making them vulnerable to fraudsters. Changing the account data of about a million clients at banks including Barclays Plc and HSBC Holdings Plc is a golden opportunity for hackers, the UK’s Financial Conduct Authority has warned banks. The FCA has briefed lenders about its concerns, as British banks ...

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Polish wage growth at five-year high heaps pressure on central bank

Bloomberg Polish wages grew at the fastest pace in more than five years, casting fresh doubt over the central bank’s ability to keep a lid on inflation. The readout showed a 7.4 percent wage increase in October from a year earlier, exposing a steeper acceleration than forecast by 23 of the 24 economists surveyed by Bloomberg. Wage growth was distorted ...

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