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WORLD ECONOMIC FORUM

Central banks focus on flagging inflation

Fading price pressures, helped by a 56% plunge in price of oil since June, forcing them to keep policies stimulative

Davos

GLOBAL central banks have intensified their battle against slowing inflation as the risk of defeat mounts.

The Bank of Canada unexpectedly cut its main interest rate for the first time since 2009 on Wednesday in Ottawa, saying that the oil price shock will drag down inflation