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Author Archives: Top News Editor

Eurozone Private Sector Growth Moderates In June

Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers’ survey by IHS Markit showed ...

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ECB Seeks More Euro Clearing Supervisory Powers

The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article ...

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Norges Bank Sheds Downward Bias

Norway’s central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the ...

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ECB Says Eurozone Solid Growth Pace To Continue In Q2

Eurozone’s solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, and there are signs of a build-up of pipeline inflationary pressures, the European Central Bank said in its latest economic bulletin released on ...

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