British retail sales fell slightly less than expected in August, but the underlying trend remained flat, as consumers continued to rein in spending at a time of great economic uncertainty, official data showed on Thursday.
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South Korea's central bank on Thursday held its policy interest rate steady for a second straight month, as expected, after signaling that recent market turmoil had put its rate "normalization" plans on hold despite surging inflation.
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Kathy Lien, Director of Currency Research at Global Forex Trading (GFT), says the ECB has three options now: 1) Resume their asset purchases, 2) Change the extended period language of the statement and 3) Lower the interest rate.
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The Bank of Japan is expected to ease monetary policy at a rate review on Thursday that was cut short to one day after Tokyo intervened in the currency market to weaken the yen, a source familiar with the central bank's thinking said.
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South Korea's central bank on Thursday left its policy interest rate unchanged as expected, to assess the effect of recent raises and as the outlook for economic growth grew more uncertain while inflation stayed high.*
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South Korea said on Thursday that it will cut the ceiling on bank foreign exchange derivatives positions by a fifth, as expected, to curb short-term foreign debt and warned of possible restrictions on foreign-currency bond issuance at home.
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