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17.07.2017 16:06

BoE's Carney says shift to fully-transaction based reference rates for financial contracts was "necessary and, over time, would happen"

  • Says libor controls now much tighter, but libor use to underpin $350 trillion of contracts "not desirable"

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  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
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