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  • WARSAW, Poland— Poland's central bank has cut its key interest rate by half a percentage point to a historic low of 1.5 percent amid concerns over deflation, a sustained drop in consumer prices that can hurt the economy. The National Bank of Poland's move to slash its reference rate surprised many given that most economists expected a cut of 0.25 percentage...

  • The Markit/ CIPS UK Services Purchasing Managers' Index slipped more than expected to 56.7, from 57.2 in January. But survey compiler Markit said wages-- a crucial issue for the Bank of England as it tries to decide when interest rates should rise-- were a "primary driver" behind an increase in costs in the sector. "The combination of relatively robust economic growth,...

  • MUMBAI, March 4- India's central bank unexpectedly lowered its policy rate for the second time this year on Wednesday, backing a government that is pushing to revive economic growth as inflation cools. "Given low capacity utilisation and still-weak indicators of production and credit off-take, it is appropriate for the Reserve Bank to be pre-emptive in its...

  • RBI's surprise rate cut: Reaction  Wednesday, 4 Mar 2015 | 4:00 AM ET

    The Reserve Bank of India has cut its key interest rate by 25 basis points. TV 18's Ekta Batra files this report.

  • WASHINGTON— From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates. "The U.S. is doing well, you're getting a lot of good news in Europe," said Nariman Behravesh, chief economist at IHS Global Insight. Weaker growth in China has also hurt...

  • Why this expert is surprised by RBI rate cut  Wednesday, 4 Mar 2015 | 12:31 AM ET

    Nitin Jain, CEO, Retail Capital Markets, Edelweiss, says the fact that the interest rate cut came so soon after the announcement of India's budget caught stock markets by surprise.

  • NEW DELHI— India's central bank on Wednesday unexpectedly cut a key interest rate by a quarter percentage point, the second such reduction this year as the bank lends support to government efforts to boost economic growth. But India's inflation rate has fallen substantially in recent months as global oil prices have dropped sharply. India's Prime Minister...

  • SHANGHAI, March 4- China's central bank has cut the interest rate on its short-term lending facility for its local branches and nearly tripled the funds available under the programme, in its latest bid to bring down financing costs, sources told Reuters on Wednesday. The overall SLF quota will be increased by 220 billion yuan to 340 billion yuan, the sources added.

  • MUMBAI, March 4- India's central bank lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Although markets had broadly expected the Reserve Bank of India to cut rates again after its surprise January easing, few...

  • RBI surprises with interest rate cut, again  Wednesday, 4 Mar 2015 | 12:01 AM ET

    India's central bank unexpectedly lowered its policy repo rate by 25 basis points on Wednesday, marking the second surprise rate cut this year. CNBC TV18's Ekta Batra has more.

  • HONG KONG, March 4- China's yuan edged higher on Wednesday after a private survey showed activity in China's services sector grew modestly in February, though the underlying currency trend remained weak. Late on Saturday, the People's Bank of China cut interest rates, its third major easing since late November. On Wednesday, the People's Bank of China set the...

  • *Bank of Canada seen holding policy steady. TOKYO, March 4- Asian shares and the dollar eased on Wednesday as investors grew cautious before upcoming central bank meetings and U.S. jobs data, while India's central bank surprised with its second inter-meeting rate cut this year. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2...

  • Australia regulator probes forex market moves  Tuesday, 3 Mar 2015 | 9:42 PM ET

    Geoff Kendrick, head of Asia FX & Rates Strategy at Morgan Stanley, discusses news that Australia's watchdog is looking into the rally in the local dollar ahead of the central bank's policy decision on Tuesday.

  • BEIJING, March 4- Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's second-largest economy. Accounting for 48 percent of China's $10.2 trillion economy last year, the services sector...

  • BEIJING, March 4- Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's second-largest economy. Official surveys showed on Sunday that growth in the services sector picked up to 53.9 last...

  • Why are money rates up despite China's rate cut  Tuesday, 3 Mar 2015 | 8:13 PM ET

    Hayden Briscoe, director of Asia Pacific Fixed Income at AB, says the rise in funding rates following a rate cut over the weekend could mean that China's policy transition mechanism is broken.

  • Corporate bond bubble fears are overdone: Analyst Tuesday, 3 Mar 2015 | 3:56 PM ET

    Brandywine Global's Stephen Smith doesn't see a corporate bond bubble despite huge issuance and growing concern.

  • WASHINGTON— The world's central banks are injecting a new complication into the Federal Reserve's decision on when to raise interest rates from record lows:. Last weekend, China's central bank slashed key rates for a second time in three months to try to stimulate the slowing Chinese economy. That move followed the European Central Bank's decision in January...

  • LONDON, March 3- Copper slid on Tuesday from a seven-week peak hit the previous session and nickel sank to a near 14- month low as optimism over a weekend interest rate cut in top consumer China dissipated and as inventories continue to rise. The news overshadowed the weekend move by China's central bank to cut interest rates. This week could see China's growth...

  • FOREX-Dollar eases after touching 11-year peak Tuesday, 3 Mar 2015 | 11:31 AM ET

    NEW YORK, March 3- The dollar softened on Tuesday after touching an 11- year high against an index of other major currencies as dealers awaited details of Europe's massive bond-buying program and a key U.S. jobs report. The dollar surrendered early gains against the euro on widening interest-rate differences and was last flat against Europe's shared currency...