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BoE's Shafik: Rate hikes discouraging leverage in EMs could be misguided

FXStreet (Bali) - Bank of England Deputy Governor Minouche Shafik, crossed the wires over the weekend, at the IMF conference in Lima, noting that the assumption of rate hikes discouraging leverage in EMs (Emerging Markets) could be misguided.

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The risk inherent in this build up of leverage (in emerging markets) has motivated calls for a normalisation of advanced economy monetary policy sooner rather than later.

Tightening advanced economy monetary policy solely to discourage further borrowing could make the job of getting inflation back to target more difficult.

BoC's Poloz: Overstatement to say IMF forecasts gloomy

Bank of Canada Governor Stephen Poloz, speaking over the weekend in Lima, at the IMF conference, said it was "maybe an overstatement" to say IMF forecasts were gloomy.
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Fed's Fischer: Timing of rate lift-off and subsequent adjustments conditional to economic outlook

US Fed vice-charman Stanley Fischer, crossed the wires over the weekend, via Reuters, speaking at the IMF in Peru, noting that the US economy continues growing but with considerable uncertainty due to global economic and financial conditions.
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