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Central Banks

BOJ wants to stick with current policy, faces growing doubts

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TOKYO Bank of Japan policymakers said they should stick with their current policy framework and had reason to be optimistic about consumer prices because measures of inflation expectations have stopped falling, minutes of the central bank's July 19-20 meeting showed on Tuesday.

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UK banks must bolster defences against consumer loan defaults - Bank of England 25 Sep 2017

LONDON British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday.

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ECB may bring forward Greek bank stress test next year 25 Sep 2017

FRANKFURT The European Central Bank may bring forward its stress test of Greek banks next year, finalising data well before Greece is due to exit its three-year, 86 billion euro international bailout.

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Fed needs to see prices rise before next rate hike, Evans says 25 Sep 2017

GRAND RAPIDS, Mich. The Federal Reserve should wait until there are clear signs that American paychecks and prices are rising before raising interest rates again, a U.S. central banker said Monday, warning that moving too fast would be a policy "misstep."

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ECB's Draghi warns against hasty policy moves 25 Sep 2017

BRUSSELS The European Central Bank is growing increasingly confident that inflation will rise back to its target, but patience is still needed, not least to make sure the economic recovery lasts, ECB President Mario Draghi said on Monday.

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Dudley sees Fed rate hikes; inflation weakness 'fading' 25 Sep 2017

SYRACUSE, N.Y. The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the U.S. economy's fundamentals are sound, an influential Fed policymaker said on Monday, reinforcing the central bank's confident tone.

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BOJ's Kuroda says limits to how deeply rates can go negative 25 Sep 2017

OSAKA Bank of Japan Governor Haruhiko Kuroda said on Monday there were limits to how much central banks can deepen negative interest rates, highlighting the need to maintain the BOJ's current ultra-loose policy to continue pushing up inflation.

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Bank of France raises 2017 French economic growth forecast to 1.7 percent 25 Sep 2017

PARIS The head of the Bank of France said on Monday that the country's economic growth could reach 1.7 percent for 2017, up from previous estimates and bringing it into line with other, similar official forecasts.

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ECB's Weidmann says should be no veto on nationality of Draghi's successor 24 Sep 2017

MILAN Bundesbank chief Jens Weidmann, touted as a possible successor to European Central Bank President Mario Draghi when his term expires in 2019, said on Sunday there should be no veto on the ECB's next boss based on nationality.

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Fed officials in muddle over permanent vs temporary inflation lull 23 Sep 2017

OKLAHOMA CITY Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed's policy calculus.