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Moderates may agree to Chile’s new constitution

Bloomberg Chile’s Constitutional Assembly is shaping up to be far from the radical hotbed some investors had feared, as a split political left increases the odds that fringe candidates will be shut out from the rewrite of the nation’s charter. Parties open to changing the nation’s economic rules failed to coalesce behind one list of candidates for the body that ...

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RBNZ: ‘Prolonged’ monetary stimulus remains necessary

Bloomberg New Zealand’s central bank (RBNZ) signalled it is in no rush to remove monetary stimulus, saying inflation will slow next year and the economic outlook remains highly uncertain amid the Covid-19 pandemic. “Prolonged monetary stimulus” remains necessary and “considerable time and patience” will be required to meet its inflation and employment targets, the Reserve Bank said in a statement ...

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Myanmar to limit cash withdrawal from banks, ATMs

Bloomberg The central bank of Myanmar is limiting cash withdrawals from banks and automated teller machines a month after the country’s military coup. Individuals will not be allowed to withdraw more than 2 million kyat ($1,406) from their bank accounts while businesses will be allowed to withdraw up to 20 million kyat a week, according to a directive signed by ...

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