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BOE’s McCafferty said doors open for rate cut and QE if needed

FXStreet (Mumbai) - The BOE hawk McCafferty stated that the next move in interest rates will be up, but added that theoretically it is possible to cut rates if needed.

McCafferty also said the downside risks to the economy have increased recently, and the QE could still have a positive effect.

He also added that there is a risk of overshooting the inflation target in 2017 as the core CPI is lot higher than the headline CPI.

US treasury report indicated Taiwan’s suspected intervention in markets – BBH

Research Team at BBH, note that US Treasury’s report on foreign exchange and international economics was released yesterday and it has appeared to have stepped up its criticism of Taiwan.
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Eurozone: Business lending spotted as weak spot in Bank lending survey - ING

Teunis Brosens, Research Analyst at ING, notes that the the ECB Bank Lending survey shows that the upward trend in Eurozone credit continued steadily in the third quarter with business lending being the weak spot.
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