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ECB, BOJ trying to depress exchange rate: ex-BOE chief

The central banks insist that their easing policies are aimed at boosting growth and inflation

Mr King says the EU's future will undoubtedly be two different groups of countries: one in the euro area and the other outside it


THE European Central Bank (ECB) and the Bank of Japan (BOJ) are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England (BOE) governor Mervyn King said.

"There are clearly limits" to the...

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