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Banking group warns there’s too much ‘easy money’ in global economy

A teller counts Indonesian rupiah notes next to US dollar notes at a currency exchange point in Jakarta on July 19, 2012. (AFP)

An influential group of leading world banks warned Thursday that central banks are pumping out too much easy money and markets risk becoming dangerously addicted to ultra-low interest rates. The Institute of International Finance, which groups 450 banks, said if central banks continue to flood money into the global economy…

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