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Fall in oil prices likely to widen divergence in monetary policies

While the US Fed and BOE look to a boost to growth, ECB worries about possible deflation

In the US, Fed officials acknowledged that inflation was likely to slow next year due to the oil impact but chose to look beyond that and gave a strong signal they were on track to raise rates next year.


THE world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions.

Perhaps unsurprisingly, policymakers looking at robust economic...

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