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Czechs are ready to keep raising rates despite virus

Bloomberg The Czech central bank expects only a limited economic fallout from the worsening pandemic and remains prepared for more interest-rate increases to curb surging inflation, according to one of its vice governors. The country “has learned to live with Covid” and potential lockdown measures are unlikely to significantly hurt consumption and investments, Marek Mora said in a video posted ...

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Singapore central bank weighs action over DBS service glitch

Bloomberg Singapore’s central bank said it will consider supervisory actions after DBS Group Holdings Ltd. suffered one of the worst digital disruptions for Southeast Asia’s biggest lender in the past decade. “This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” Marcus Lim, assistant managing ...

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Sweden’s Riksbank to start hiking interest rates in 2024

Bloomberg The Riksbank expects to start hiking interest rates in 2024, the first sign from the Swedish central bank that it sees an end in sight to its ultra-loose monetary policy. While policy makers kept their benchmark unchanged, they also signalled for the first time that they see a case to move higher within three years. Previously they said the ...

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