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No ECB decisions yet on details of possible QE, private asset buying likely

WASHINGTON (Reuters) - The European Central Bank has not taken any decisions yet on the details of possible quantitative easing to prevent deflation, but it would likely include buying private assets, ECB Vice President Vitor Constancio said on Thursday. "Our experts have been looking into it, and building scenarios, but no decisions have been taken," Constancio told reporters.

ECB's Praet says readiness to launch QE is what is important now

WASHINGTON (Reuters) - The European Central Bank will choose the appropriate form of quantitative easing, if it were to launch it, depending on the challenge it faces, but for now it is important that the bank unanimously backed the possibility of such a policy measure. ECB Executive Board member Peter Praet said that despite lower than expected inflation in the euro zone for several months in a row, consumer price developments were still within the banks base-line scenario.

Mexico's inflation rate edges higher in March

Mexico City, Apr 10 (EFE).- Mexico's consumer price index rose 0.27 percent in March, compared to the previous month, pushing the inflation rate over the past 12 months to 3.76 percent, the National Institute of Statistics and Geography, or INEGI, said. The core inflation rate, which excludes volatile food and energy prices, rose 0.21 percent, with the core inflation rate over the past 12 months reaching 2.89 percent, the INEGI said in a statement.

Mexico's inflation rate edges higher in March

Mexico City, Apr 10 (EFE).- Mexico's consumer price index rose 0.27 percent in March, compared to the previous month, pushing the inflation rate over the past 12 months to 3.76 percent, the National Institute of Statistics and Geography, or INEGI, said. The core inflation rate, which excludes volatile food and energy prices, rose 0.21 percent, with the core inflation rate over the past 12 months reaching 2.89 percent, the INEGI said in a statement.

BOK freezes key rate at new chief's first policy meeting

By Kim Soo-yeon SEOUL, April 10 (Yonhap) -- South Korea's central bank could discuss raising the key interest rate in a pre-emptive manner if demand-pull inflationary pressure rises, its new chief said Thursday. Bank of Korea (BOK) Gov. Lee Ju-yeol presided over his first rate-setting meeting, in which the monetary policy committee unanimously held the benchmark seven-day repo rate, called the base rate, at 2.5 percent for the 11th straight month.

Irish inflation rebounds in March

Ireland's annualised inflation rate accelerated to 0.2 percent last month, but still remained close to deflationary levels and below the eurozone average, official data showed on Thursday. "Prices on average, as measured by the CPI (consumer price index), were 0.2 percent higher in March compared with March 2013," the Central Statistics Office (CSO) said in a statement. The rate had dropped to minus 0.1 percent in February, sparking fears of a damaging period of deflation, or falling prices.

BOK raises 2014 growth estimate, cuts inflation outlook

SEOUL, April 10 (Yonhap) -- South Korea's central bank on Thursday raised its 2014 economic growth forecast to 4 percent while lowering this year's inflation outlook due to falls in prices of agricultural products. The growth projection by the Bank of Korea (BOK) is higher compared with its previous estimate of 3.8 percent. The bank also raised the 2015 growth outlook to 4.2 percent from 4 percent. The BOK said that the upward revision mainly resulted from changes in calculation methodology for the gross domestic product, adding that the recovery pace remains intact.

BOK raises 2014 growth estimate, cuts inflation outlook

SEOUL, April 10 (Yonhap) -- South Korea's central bank on Thursday raised its 2014 economic growth forecast to 4 percent while lowering this year's inflation outlook due to falls in prices of agricultural products. The growth projection by the Bank of Korea (BOK) is higher compared with its previous estimate of 3.8 percent. The bank also raised the 2015 growth outlook to 4.2 percent from 4 percent. The BOK said that the upward revision mainly resulted from changes in calculation methodology for the gross domestic product, adding that the recovery pace remains intact.

BOK freezes key rate at new chief's first policy meeting

By Kim Soo-yeon SEOUL, April 10 (Yonhap) -- South Korea's central bank froze the key interest rate for the 11th straight month on Thursday amid tame inflation at the first rate-setting meeting with its new chief at the helm. Bank of Korea (BOK) Gov. Lee Ju-yeol and his six fellow policymakers unanimously held the benchmark seven-day repo rate, called the base rate, at 2.5 percent as widely expected.

BOK freezes key rate at new chief's first policy meeting

By Kim Soo-yeon SEOUL, April 10 (Yonhap) -- South Korea's central bank froze the key interest rate for the 11th straight month on Thursday amid tame inflation at the first rate-setting meeting with its new chief at the helm. Bank of Korea (BOK) Gov. Lee Ju-yeol and his six fellow policymakers held the benchmark seven-day repo rate, called the base rate, at 2.5 percent as widely expected. Gov. Lee, a former senior deputy governor at the BOK, replaced his predecessor Kim Choong-soo on April 1, vowing to operate the monetary policy in a consistent and predictable manner.
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