Edition:
United Kingdom

Central Banks

U.S. data to put December rate hike in focus

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DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.

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Bundesbank sees no need for global stimulus as recovery on track 30 Sep 2016

FRANKFURT Germany's central bank sees no need for a new global stimulus package as it expects the world's economy to continue to recover, Bundesbank board member Andreas Dombret said on Friday.

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Irish central bank worried about progress on non-performing loans 30 Sep 2016

DUBLIN Ireland's central bank is not satisfied with lenders' continued efforts to tackle high levels of non-performing loans, which remain a significant problem, a senior official said on Friday.

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Some relief for big-spending ECB as euro zone inflation ticks up 30 Sep 2016

BRUSSELS/FRANKFURT Inflation in the euro zone ticked up in September, data showed on Friday, giving the European Central Bank some confidence its stimulus programme is pulling the bloc's economy away from the deflationary brink. | Video

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UK funds dump stocks for bonds, emerging markets - Reuters poll 30 Sep 2016

LONDON (Reuters_ - British funds have slashed equity holdings in their portfolios, allocating more capital to bonds and to buoyant emerging markets as they fret about the risks posed by Europe's banks and U.S. elections.

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Global funds add to Japan, euro zone bonds, see no further sell offs - Reuters poll 30 Sep 2016

LONDON Global investors raised holdings of Japanese bonds to four-year highs in September and bought more euro zone debt, shrugging off a mid-month market sell-off and expressing faith in central banks' commitment to their asset-buying programmes.

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RBC cutting 15 investment banking jobs in London - sources 30 Sep 2016

LONDON/TORONTO Royal Bank of Canada (RBC) is cutting 15 investment banking jobs in London amid a slowdown in activity in the region, sources familiar with the matter told Reuters.

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BOJ to trim October buying of super-long JGBs to two-year low 30 Sep 2016

TOKYO The Bank of Japan said on Friday it plans to trim buying in long-dated Japanese government bonds (JGBs) in market operations in October to its lowest level since 2014, a move that is seen aimed at steepening the yield curve.

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Ex-U.S. Treasury chief Summers welcomes BOJ's yield curve, inflation targets 30 Sep 2016

TOKYO The Bank of Japan's decision to target the yield curve and allow consumer prices to overshoot its 2 percent goal are welcome steps in Japan's long battle to encourage inflation, former U.S. Treasury Secretary Lawrence Summers said.

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Market won't play ball with BOJ's new rate regime 30 Sep 2016

TOKYO Bond buyers are already testing the credibility of the Bank of Japan's new monetary policy framework, pushing 10-year yields below its zero percent target and giving the bank few palatable options to bring them back on track.