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Central lenders promote ‘meeting-by-meeting’ technique to rates setting
Elderly officials from the European Central Bank and the Bank of Japan have stated it is unsuitable to offer specific onward assistance for rate of interest in the existing climate.
During a panel conversation on October 16 at the Institute of International Finance’s annual meetings, ECB board participant Philip Lane said the occurrence of hard-to-measure global unpredictabilities suggested the reserve bank would not be giving forward assistance to the marketplaces. He stated the ECB had actually assessed its financial policy
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