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Sanctioned Russians will have to declare their assets in EU

  Bloomberg Sanctioned Russians will have to disclose their assets in European Union countries under the bloc’s latest package of measures, and failure to comply could lead to undeclared assets being seized. The measure is part of a suite of actions adopted by the EU on Thursday that also includes a ban on Russian gold imports, new trade restrictions on ...

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Indonesia bucks tightening trend as interest rate held at record low

  Bloomberg Indonesia’s central bank kept its borrowing costs unchanged to support economic growth, while signalling it wasn’t in a hurry to join the global interest-rate tightening cycle given muted domestic price gains. Bank Indonesia left the seven-day reverse repurchase rate at a record low 3.5% on Thursday, as predicted by 22 of 36 economists in a Bloomberg survey. The ...

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Japan keeps interest rates at rock bottom

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda emphasised his determination to stick with rock-bottom interest rates even if it means a weaker yen after the bank’s latest price forecasts left the door open to continued speculation over policy change. Recent concern that the global economy risks a hard landing as central banks rush to tackle inflation has helped ...

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