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Central banks’ club of caution grows as bad news piles up

Bloomberg Three months since the Federal Reserve put US interest rates on a prolonged pause, more and more central bankers around the world are getting nervous about tightening monetary policy. Policy makers across Asia, Europe and North America shifted their tones, with Sweden and Canada among them. The caution came in a week of fresh pessimism on the global outlook ...

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Philippines rate cut a matter of timing as oil rises, says governor

Bloomberg Philippines central bank Governor Benjamin Diokno said it is only a matter of timing as to when monetary policy is eased after last year’s series of interest-rate increases, even as authorities closely monitor oil prices. A rate cut at the May 9 policy meeting will depend on key data and the outlook on El Nino weather, Diokno said in ...

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RBS slides on Brexit impact warning

Bloomberg Royal Bank of Scotland (RBS) Group Plc tumbled after the state-backed lender said Britain’s slowing economy is likely to bite into income over the coming months. The bank’s shares fell as much as seven percent after it sounded the strongest warning yet on the impact of Brexit this year. The note of caution overshadowed the bank posting a better-than-expected ...

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