Bloomberg Federal Reserve Vice Chairman Richard Clarida pushed back against speculation in financial markets the central bank will cut interest rates to boost softening inflation up to its 2 percent target. “I don’t think we’re at that place now,” Clarida said in an interview with Bloomberg Television’s Michael McKee in Washington. “We think the policy in place now will get …

Bloomberg The appointment of the next European Central Bank (ECB) head could potentially be delayed until just weeks before President Mario Draghi’s term expires amid a swathe of top European Union vacancies. That’s one of the scenarios being discussed among EU diplomats, according to a person familiar with the matter who asked not to be identified. The complexity of upcoming …

Bloomberg New Zealand’s central bank cut interest rates to a fresh record low and hinted at the chance of a further reduction if necessary, becoming the first among developed-world economies to ease policy this cycle. Governor Adrian Orr and his newly-formed Monetary Policy Committee decided that recent unexpected weakness in inflation and hiring warranted the Reserve Bank’s first rate cut …