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Kuroda insists inflation will trigger policy change, not yen

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said stable inflation was needed to trigger policy change at the central bank not yen weakness, in remarks that appeared aimed at cooling speculation of possible stimulus tweaks driven by the sliding currency and signs of heating prices. Speaking in parliament after the yen breached the 122 mark against the dollar ...

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JPMorgan agrees to racial-equity audit for $30 billion effort

Bloomberg JPMorgan Chase & Co. said it will do a third-party audit of its $30 billion racial-equity commitment, following Citigroup Inc and BlackRock Inc in agreeing to such a review. The biggest US bank will hire a third party to perform the audit and publish a report on the results by the end of this year, according to a statement. ...

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Hawkish Bank of Canada speech puts half-point rate hike in play

  Bloomberg Canada’s 10-year yield rises to the highest since 2018 as a top Bank of Canada official said household finances are in good shape and that monetary policymakers are prepared to “act forcefully” to quell inflation. Deputy Governor Sharon Kozicki reiterated the central bank’s “unwavering commitment” to wrestle inflation back to the 2% target and said more aggressive action ...

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