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Central Banks Headlines

Euro zone businesses roar towards year-end - PMI

Euro zone business growth is roaring as the year draws to a close, a survey showed on Thursday, supporting the European Central Bank's move last month to announce a throttling back of its monetary stimulus.

Dollar dumped, bonds buoyant on Fed inflation caution

The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought.

ECB hopes to go into policy hibernation, sources say

The European Central Bank will reaffirm its policy stance at its December meeting, and rate-setters hope to put off debate on new moves until well into next year, five sources with direct knowledge of the discussion told Reuters.

'Very uncertain' Yellen still predicts U.S. inflation rebound

Federal Reserve Chair Janet Yellen stuck by her prediction that U.S. inflation will soon rebound but offered on Tuesday an unusually strong caveat: she is "very uncertain" about this and is open to the possibility that prices could remain low for years to come.