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United Kingdom

Central Banks

PM Abe's plan for $265 billion stimulus puts pressure on BOJ to ease

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TOKYO Japan's prime minister unveiled a surprisingly large $265 billion (£202 billion) stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week.

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Yen jumps before Bank of Japan meeting, oil mixed 26 Jul 2016

NEW YORK A buoyant yen and U.S. oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates.

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Bank of England to cut key rate August 4, hold off on QE for now - Reuters poll 26 Jul 2016

LONDON The Bank of England is almost certain to cut benchmark borrowing costs when it sets policy on Aug. 4, but a slim majority of economists in a Reuters poll said it would hold off for now on restarting its asset purchase programme.

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Vatican and Bank of Italy sign key agreement after years of mistrust 26 Jul 2016

VATICAN CITY The Vatican and the Bank of Italy on Tuesday signed a key cooperation agreement aimed at regularising their relations and ending years of Italian mistrust over Holy See finances.

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New RBI chief unlikely before August meeting, Basu in frame - sources 26 Jul 2016

NEW DELHI The Indian government has scaled back the urgency of its search for a new central bank governor, sources said, with a replacement to Raghuram Rajan now likely to be named only after he chairs his final policy meeting next month.

Potential successors to India's central bank chief Rajan 26 Jul 2016

The Indian government has scaled back the urgency of its search for a new governor of the Reserve Bank of India, with a replacement to Raghuram Rajan now likely only to be named after he chairs his final policy meeting next month.

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BOJ leaning toward standing pat on policy, yen moves may complicate call 26 Jul 2016

TOKYO The Bank of Japan is leaning toward holding off on monetary easing on Friday, as an expected government spending package takes some pressure off policymakers to expand an already massive and increasingly controversial stimulus programme.

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Bank of England's Weale shifts stance after weak UK data 26 Jul 2016

LONDON Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker-than-expected British purchasing managers' data, a week after saying he needed firmer evidence before backing an interest rate cut.

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Fed seen holding rates steady as inflation watch continues 26 Jul 2016

SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.

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Mixed messages on FX volumes from UK and U.S. central bank surveys 25 Jul 2016

LONDON/NEW YORK Foreign exchange trading out of the United Kingdom fell 9 percent in the year to April 2016, a semi-annual survey by the Bank of England showed on Monday, although volumes were slightly higher than shown in an October survey.