Chief International Economics Correspondent @BloombergNews in London. Previously in Washington and Paris. Likes cricket

Carney Says QE Can Encourage Excessive Risk-Taking in Markets

bloomberg.com — Bank of England Governor Mark Carney warned easy monetary policy could prompt excessive risk-taking in financial markets. Two days after the European Central Bank announced a 1.1 trillion-euro ($1.23 trillion) quantitative-easing program, Carney said six years of sustained monetary stimulus was justified on an economic basis, yet could carry a downside if it overheated markets.

Lew Favors Strong U.S. Dollar as Davos Bemoans Surge

bloomberg.com — (Corrects currency gains in fourth paragraph. Click Davos for more on the World Economic Forum.) U.S. Treasury Secretary Jacob J. Lew says a strong dollar is "good for America." Other delegates in Davos aren't so sure.

Bloomberg Briefs

bloombergbriefs.folioshack.com — Prime Minister David Cameron's Conservatives are favourites for the first time since March 2012 to win most seats in the 7 May general election, Ladbrokes said today. The bookmaker gave the Tories 5/6 odds of winning the most seats, while Labour is at evens.

Draghi commits ECB to trillion-euro QE plan in deflation fight

livemint.com — A file photo of ECB president Mario Draghi. Photo: Bloomberg By Alessandro Speciale & Jana Randow Frankfurt: European Central Bank (ECB) president Mario Draghi announced an expanded asset-purchase programme, including private and public securities, of up to €60 billion ($69 billion) a month to spur growth and counter deflationary pressures.

Draghi Commits to Trillion-Euro QE in Deflation Fight

bloomberg.com — (Corrects currency conversion in first paragraph. To watch Draghi's press conference live, click here.) Mario Draghi led the European Central Bank into a new era with an historic pledge to buy government bonds as part of an asset-purchase program worth around 1.1 trillion euros ($1.3 trillion).

Davos Not So Sure About That Fed Rate Increase You’re Expecting

bloomberg.com — The U.S. Federal Reserve will struggle to raise interest rates this year amid weak economic growth abroad and slow inflation at home. That was the message from Goldman Sachs Group Inc. President Gary Cohn, former U.S. Treasury Secretary Lawrence Summers and other delegates on a Bloomberg Television panel at the World Economic Forum's annual meeting in Davos, Switzerland.

Central banks step up fight as Europe bond-buying looms

philly.com — Global central banks on Wednesday 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, saying the oil-price shock will drag down inflation.

Europe-US contrast shows

bdlive.co.za — DAVOS - Europe's leaders came under fresh fire at the World Economic Forum for failing to boost growth in the region, while the US was hailed for turning around its economy. Europe's politicians were relying too much on monetary policy instead of taking electorally painful steps to revamp labour markets and improve competitiveness, delegates to the conference in Davos, Switzerland, said on Wednesday.

Central Banks Step Up Low-Inflation Fight With Canada Rate Cut

bloomberg.com — Global central banks are intensifying 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 the oil-price shock will drag down inflation.

Europe’s Leaders Attacked by Davos Attendees as U.S. Hailed

bloomberg.com — Europe's leaders came under attack at the World Economic Forum for failing to boost growth in the region as the U.S. was hailed for turning around its economy. Europe's politicians are relying too much on monetary policy instead of taking electorally painful steps to revamp labor markets and improve competitiveness, delegates to the conference in Davos, Switzerland, said today.
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Jan 23, 2015

RT @FerroTV: ECB'S COEURE SAYS IF QE IMPACT ISN'T ENOUGH, `WE'LL HAVE TO DO MORE'

Jan 23, 2015

RT @FirstWordNick: I feel bad for people who don't have Bloomberg Terminals and can't graph the price of chicken wings pic.twitter.com/LM7qDqvrrc

Jan 23, 2015

Bloomberg #Davos exclusive - Kuroda says BOJ to mull fresh options in case of more easing - bloom.bg/1t5so5A @flacqua

Jan 22, 2015

ICYMI - @ElisaMartinuzzi: in #Davos - big bank CEO tells former SNB chief: "Wouldn't have happened while you were there!" #wef15 #franc

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