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BOE leads charge to bring stability as Brexit fades

  AFP Mark Carney’s third week managing Britain’s response to the economic shock of Brexit is about to begin. With UK politics in disarray after the nation opted to split from the European Union, the Bank of England governor has been leading the charge in offering stability. After boosting liquidity, freeing banks to lend more and signaling a willingness to ...

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Citigroup stance bullish on commodities for 2017

  Bloomberg Forget Brexit, go for raw materials. Citigroup Inc says that it’s bullish on the outlook for commodities in 2017 as the impact of the UK’s vote to quit the European Union will fade, global growth chugs along and investors will plow more cash into funds. “Citi is especially bullish commodities for 2017,” analysts led by Ed Morse wrote ...

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Kazakh central bank to pounce on dollars as Tenge regains appeal

  Bloomberg Kazakhstan’s central bank is prepared to return to the currency market in force to mop up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said. “If there are significant inflows of foreign currency, we are ready to buy as before,” Akishev said in an interview on ...

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