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The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Hamish McRae: Quality, not quantity, likely to be the way ahead as banks try to boost lending

Economic View: I personally find it astounding that the West could have allowed such a build up of debt to occur

Market Report: Miner Hochschild climbs on cost cuts

The City isn’t known for penny-pinching, but news that a mining company was taking control of spending, slashing bosses’ pay and culling the number of executives sent it to the top of the mid-tier index.

Ben Bernanke tries to soothe nerves in jittery markets

US monetary policy is not on a “preset course” and a “highly accommodative” stance “is appropriate for the foreseeable future,” Ben Bernanke said, in a bid to reassure jittery markets.

Satyajit Das: Trapped central banks and the semiotics of monetary policy

US Federal Reserve Chairman Ben Bernanke has introduced the term ‘taper’ to the lexicon of central banking. European Central Bank President Mario Draghi’s stated strategy is “whatever it takes”. Economic Commissioner Olli Rehn recently clarified that European policies were directed at ‘diluting’ not ‘breaking’ the link between banks and sovereigns.

A happy stock market trader in the US, earlier this week

FTSE index surges up as US says it will keep pumping money into economy

FTSE 100 up by more than 40 points, led by mining stocks as Fed head Ben Bernanke says he's committed to monetary stimulus

Icap in a tumble despite big leap in bond trading on Fed's move

A huge surge in bond trading after the United States Federal Reserve shook markets with plans to slow its money-printing programme failed to save broking giant Icap from a City sell-off yesterday.

Markets keep the Carney glow after US employers hire more staff

Shares held on to most of their Mark Carney-inspired gains yesterday, despite  surprisingly strong job figures from the US sparking fears the Federal Reserve would cut its quantitative easing (QE) programme.

Borrowed money will still be cheap when Nick Clegg, David Cameron and Ed Miliband go to the polls

Guy Hands' Deutsche Annington comeback falls victim to market turmoil

Stock market turmoil today claimed the scalp of one of Europe’s biggest IPOs in recent years, dashing hopes of a €1 billion (£850 million) comeback from private equity mogul Guy Hands.

Carney expected to resist urge for immediate change

A new era at the Bank of England dawns tomorrow as Canadian Mark Carney takes the reins and prepares for his first decision on interest rates and money-printing within days.

Sources: IMF, OECD, Thompson Financial Datastream and Bloomberg

Hamish McRae: Working out how to quit QE will be new boy Carney’s first challenge

Mark Carney begins work at the Bank of England tomorrow. There is a great temptation, as you can see from the stuff that is being written about the appointment, to see this as leading to a significant shift in policy – something that will enable the UK economy to reach “escape velocity”. The fact that the Bank has been given additional responsibilities for regulating the banking system, making the job on paper at least more powerful, increases the temptation.

Market 'out of sync,' says New York Fed chief

A senior American central banker yesterday pushed back against market expectations that the Federal Reserve was set on rolling back its stimulus measures later this year, as new data showed the US economy continued to improve at a moderate pace.

Bank of England Governor Mervyn King's swansong: Markets have got it all wrong

Outgoing Governor says world economy still far too weak to allow interest rate rises

Hamish McRae: Bernanke sprang a bonds surprise but it may be for the best in the end

Ecnomic View: Understandably there has been criticism of the timing and phraseology of the Bernanke speech

Share scare FTSE 100 falls for fifth week in a row and recalls 2011 bloodbath

London’s leading shares were today set for a fifth successive week of losses — their worst performance since the eurozone crisis triggered a summer of turmoil in markets in 2011.

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