Central Banks

After zero rates, Sweden ponders next steps to avoid deflation

STOCKHOLM - What should a central bank do next when it already has zero interest rates and arguably still faces the threat of Japanese-style deflation? If it's the Swedish Riksbank, it should keep cutting, and do so soon, says Lars Svensson.

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Oil hits four-year low amid fading expectations of OPEC cuts 9:59am GMT

LONDON - Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally.

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Lending to euro zone private sector shrinks again Oct - ECB 9:57am GMT

FRANKFURT - Lending to euro zone households and firms contracted further in October, keeping up pressure on the European Central Bank to deliver further stimulus measures to buoy the lacklustre 18-country economy.

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Dollar falls on weak U.S. data, stocks gain 26 Nov 2014

NEW YORK - The dollar fell on Wednesday after disappointing U.S. home sales data, but global equity markets edged higher on hopes for more stimulus from the European Central Bank and the prospect that stocks may be a better investment than other alternatives.

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Argentine presidential aspirant Massa says would cut back state controls 26 Nov 2014

TIGRE, Argentina - Sergio Massa, a frontrunner in Argentina's presidential election next year, said on Wednesday he would ensure the independence of the central bank and modify laws that have ramped up the role of the state in the country's stagnating economy.

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ECB may decide on sovereign bond buys in first-quarter, says Constancio 26 Nov 2014

LONDON - The European Central Bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds, the bank's vice president said on Wednesday.

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Chances ECB buys government bonds still 50-50 - Reuters Poll 26 Nov 2014

- There is still only an even chance the European Central Bank will buy government bonds, according to a Reuters poll of economists taken after ECB President Mario Draghi warned last week of the need to bring inflation back to target "without delay."

UK plans to make insurance executives more accountable 26 Nov 2014

LONDON - Chief executives and other senior officials at insurance companies in Britain will be made more directly accountable to regulators for their decisions under plans announced by the Bank of England on Wednesday.

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Japan cenbank assets hit record high of $2.35 trillion 26 Nov 2014

TOKYO - Total assets held by the Bank of Japan hit a record 277 trillion yen (1 trillion pound) by the end of September, the central bank said on Wednesday, up more than 30 percent from a year earlier, fuelled by outright purchases of Japanese government bonds under its quantitative easing programme.

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India GDP growth to slow to 5.1 percent, but no rate cut yet - Reuters Poll 26 Nov 2014

BANGALORE - India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet.