Bloomberg New Zealand central bank (RBNZ) Governor Adrian Orr signalled his intent to continue to loosen monetary policy as required, saying he’s determined to head off unnecessarily low inflation or even deflation. While persistently low interest rates could lead to undue risk-taking and pose financial stability risks, Orr said these were outweighed by the damage that stagnant or falling prices ...

Bloomberg Former European Central Bank (ECB) President Mario Draghi urged governments to channel stimulus funds toward sectors that can create new jobs for young people rather than spending money to defend the status quo. “Subsidies will have to go down but at the same time jobs will be created,” Draghi said at an online event. “It’s very good if the ...

Bloomberg European stocks extended gains with US equity futures as investors anticipated positive reports on jobs and the economy in Washington. The dollar headed for its best advance in eight sessions. All 19 industry groups pushed higher on the Stoxx Europe 600 Index, with chemicals and technology shares among the top gainers. Infrastructure giant Atlantia SpA jumped as much as ...