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Press Review: Draghi Push Seen Delivering $635 Billion With QE Forecast
Draghi Push Seen Delivering $635 Billion With QE Forecast
Mario Draghi is likely to announce a 550 billion-euro ($635 billion) bond-purchase program this week and won't skimp too much on the details, economists say.
'Abenomics' architect says no need for more BOJ easing
(Reuters) - The Bank of Japan does not need to ease monetary policy further this year unless the economy is hit by a severe external shock, a ruling party lawmaker and one of the architects of Prime Minister Shinzo Abe's "Abenomics" reflationary policies told Reuters on Monday.
Slumping oil prices and the hit on consumption from a sales tax hike mean the central bank is unlikely to meet its pledge of achieving its 2 percent inflation target during the fiscal year beginning in April, Kozo Yamamoto, a leading expert on fiscal and monetary policy in Abe's ruling Liberal Democratic Party, said.
Swiss Franc Eclipses Ruble on Volatility Scale: Chart of the Day
There is a new volatility leader in town and it's not the Russian ruble.
The CHART OF THE DAY shows that price swings in the Swiss franc surpassed those on the ruble, the world's most volatile currency of the past 12 months, after Switzerland's central bank unexpectedly abandoned a cap on its value on Jan. 15. Fluctuations in the franc jumped to five times of those in the Russian currency on a 24-hour basis that day and they're still higher, according to data compiled by Bloomberg.
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