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BOE signals Aug stimulus as rate kept at 0.5 percent

  Bloomberg The Bank of England left its key interest rate at a record low and signaled it’s readying stimulus for August as the economy reels from Britain’s decision to quit the European Union. The nine-member Monetary Policy Committee, led by Governor Mark Carney, voted 8-1 to keep the benchmark at 0.5 percent, with only Gertjan Vlieghe saying the outlook ...

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RBNZ prompts traders on rate-cut bets

  Bloomberg New Zealand’s central bank said it will issue an unscheduled assessment of the economy next week, prompting traders to increase bets on an interest-rate cut in August. The assessment, which will be published on July 21 and won’t include a review of the official cash rate, is being made because of a longer-than-usual period between policy decisions, the ...

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USA economy growing modestly, says Fed report

  Bloomberg The US economy expanded at a modest pace since mid-May amid “slight” price pressures and some softening in consumer spending, according to a report from the Federal Reserve’s 12 districts that lacked any sense of urgency on the need to raise interest rates soon. “The outlook was generally positive across broad segments of the economy including retail sales, ...

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