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Eurozone money growth and bank lending show cautious recovery
After some declines in 2023 on the back of tightening policy, both money growth and bank lending have started to increase again ever so slightly. For the European Central Bank, this shows that at the current pace of lending, investment will remain very muted. Broad money growth (M3) continues to inc
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GBP/USD drifts lower to 1.2620, UK GDP data looms
GBP/USD trades softer around 1.2630 in Wednesday’s early Asian session. The US Durable Goods Orders rose 1.4% in February against a 6.9% fall in January, better than expected. BoE’s Mann dampened expectations for large interest rate cuts this year. The GBP/USD pair edges lower to 1.2620 during the e
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It is a pity that Norges Bank's sensible monetary policy cannot be reflected in NOK at present – Commerzbank
Norges Bank kept its benchmark interest rate unchanged on Thursday. Economists at Commerzbank analyze Norwegian Krone’s (NOK) outlook after the decision. Norges Bank remained unwavering in its restrictive stance Norges Bank thus remains cautious about the timing of an initial rate cut. After all, in
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