Tuesday , December 12 2017


Philippine central bank governor sees no need to rise interest rates

Bloomberg Philippine central bank Governor Nestor Espenilla said contained inflation means there isn’t a need to increase interest rates in the near term. “Right now there is no need to move policy rates looking at the inflation outlook,” Espenilla said in Washington where he was attending the annual International Monetary ...

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Draghi says ECB is confident about reaching inflation goal

epa06266056 IMFC Chairman and Mexican Finance Minister Augustin Carstens (L) and President of the European Central Bank Mario Draghi (R) prior to the IMFC plenary session the 2017 IMF World Bank Group annual meetings at the IMF headquarters in Washington, DC, USA, 14 October 2017. The 2017 Annual meetings of the International Monetary Fund and World Bank Group take place 9-15 October.  EPA-EFE/SHAWN THEW

Bloomberg With the European Central Bank’s (ECB) next policy update less than two weeks away, the institution’s chief is expressing both confidence and patience about achieving its inflation goal. “We are confident that as the conditions will continue to improve, the inflation rate will gradually converge in a self-sustained manner, ...

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Barclays must ward off Apple, Amazon in payments: CEO

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Bloomberg Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc. and Apple Inc., according to Chief Executive Officer Jes Staley. “There are some tectonic shifts going on, driven by tech and the geopolitical environment,” Staley said during a panel ...

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Thailand growth rebound has room to run: BoT governor

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Bloomberg Thailand’s already “very accommodative” monetary policy is fueling robust growth that’s spreading across the economy, said Bank of Thailand (BoT) Governor Veerathai Santiprabhob. The outlook comes as an exports revival in Thailand gains momentum despite a recent rise in the nation’s currency, the baht. Better demand from key trading ...

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