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Rate-hike path is data dependent, says BOC’s Poloz

Bloomberg Bank of Canada (BOC) Governor Stephen Poloz said whether he’s done with hiking altogether is a “data-dependent question,” adding the economy continues to work through headwinds that warrant stimulative rates. Asked at a press briefing in Washington about investor expectations that the Canadian central bank’s rate normalisation has come to an end, Poloz said market pricing seems to be ...

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ECB’s Draghi sounds concern over Fed’s independence

Bloomberg European Central Bank President Mario Draghi took the rare step of weighing in on the hot debate over whether President Donald Trump is undermining the independence of the Federal Reserve. Speaking to reporters at the International Monetary Fund meetings in Washington, Draghi said he was “certainly worried about central bank independence” and especially “in the most important jurisdiction in ...

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Central banks need to be flexible on size of rate moves: RBI chief

Bloomberg Reserve Bank of India Governor Shaktikanta Das has an “out of the box” suggestion: central banks need to be more flexible on the size of their interest-rate moves. Instead of a conventional 25 basis point cut and announcement of a dovish, hawkish or neutral stance to give guidance on future actions, policy makers could just change the rate to ...

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