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Italy sees inflation slow down: official data

Inflation in Italy has slowed again to 0.4 percent on a 12-month basis in March, official final data showed on Friday amid growing concern over Europe's deflation risk. That compared with 0.5-percent inflation in February. The cost of living rose by 0.1 percent from the February level, the Istat data agency said, adding that the slowdown was due to prices decreases for energy and food. The definitive figures confirmed preliminary ones. Excluding unprocessed food and energy, core inflation was 0.9 percent -- 0.1 points lower than in February.

German finance minister sees no sign of deflation spiral in Europe

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Monday he sees no signs at all of a deflation spiral in Europe and ECB President Mario Draghi had made a convincing case at the recent IMF meeting that Europe's low inflation held no deflation risk.

Singapore keeps monetary policy tight, sees economy rebounding from weak first quarter

By Masayuki Kitano and Jongwoo Cheon SINGAPORE (Reuters) - Singapore's central bank stuck to its tight monetary policy stance on Monday despite weaker growth in the first quarter, saying core inflation will remain elevated as a sustained recovery in advanced economies spurs a rebound in the city-state.

BOJ Kuroda's meeting with PM Abe won't alter policy stance: sources

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and an uptick in the yen. Kuroda has remained bullish about the outlook for economic recovery and an escape from deflation, but the meeting with Abe could revive expectations of additional stimulus.

Interest rates, corporate earnings in focus this week on North American markets

TORONTO - Stock markets are likely in for another choppy week of trading as traders concentrate on Canadian interest rates and a number of U.S. earnings reports. The Bank of Canada makes its next rate announcement on Wednesday and analysts fully expect the bank will leave its key rate where it's been since September 2010 — at one per cent.

IMF, World Bank 2014 spring meetings in Washington on Saturday

WASHINGTON (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Saturday in Washington, where finance ministers, central bankers and other top officials are gathering. EUROPEAN CENTRAL BANK PRESIDENT MARIO DRAGHI ON DEFLATION CONCERNS RAISED: "It was not only the IMF, no, we heard concerns about this low inflation also from other advanced countries ... It has to be placed in perspective, but at the same time I said we shouldn't be complacent."

Draghi says a stronger euro would trigger looser ECB policy

By Jan Strupczewski and Krista Hughes WASHINGTON (Reuters) - The European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said on Saturday as world finance chiefs ramped up pressure on Europe to ward off deflation. In the clearest signal yet the ECB was prepared to launch a stimulative asset-purchase program, Draghi said the euro's exchange rate had become increasingly important to policy and would act as a trigger.

ECB would need to go beyond ABS market for potential QE: Draghi

By Jan Strupczewski and Krista Hughes WASHINGTON (Reuters) - The European Central Bank could not rely solely on purchases of asset-backed securities (ABS) if it resorts to unconventional steps to boost inflation, given the limited supply of the securities, ECB President Mario Draghi said on Saturday. If the ECB starts injecting money into the economy using asset purchases, it is expected to choose a mix of government and private assets, including ABS, which collapsed during the financial crisis and are still recovering.

Bank of Canada's Poloz eyeing global deflationary risk

By Louise Egan WASHINGTON (Reuters) - Policymakers are closely watching the risk of deflation in several advanced economies but they are encouraged by signs of a continuing improvements in the economic outlook, Bank of Canada Governor Stephen Poloz said on Friday.

Bank of Canada's Poloz eyeing global deflationary risk

By Louise Egan WASHINGTON (Reuters) - Policymakers are closely watching the risk of deflation in several advanced economies but they are encouraged by signs of a continuing improvements in the economic outlook, Bank of Canada Governor Stephen Poloz said on Friday.
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