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Bank Of Russia Surprises With Unexpected Rate Cut, Brings YTD Total Of Nations Easing To 14

Bank Of Russia Surprises With Unexpected Rate Cut, Brings YTD Total Of Nations Easing To 14 Yesterday we reported that in less than 1 month in 2015, so far a whopping 13 countries have proceeded with “surprising” rate cuts: Singapore, Europe, Switzerland, Denmark, Canada, India, Turkey, Egypt, Romania, Peru, Albania, Uzbekistan and Pakistan. As of this morning, make […]

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Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices

Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices OTTAWA — The looming economic threat of sliding oil prices is forcing the Bank of Canada to unexpectedly cut its trend-setting rate to three quarters of a percentage point from one per cent. The central bank’s announcement follows the stunning […]

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Exclusive: China ready to cut rates again on fears of deflation – sources | Reuters

Exclusive: China ready to cut rates again on fears of deflation – sources | Reuters. (Reuters) – China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. […]

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