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China says time is ripe to liberalize interest rates

China’s central bank chief says conditions are ripe for Beijing to liberalise interest rates, a move analysts say would boost domestic demand as the nation’s exports are hit by overseas turmoil. Beijing has cut the nation’s growth target for 2012 as its export-driven economy slows, and a key policy focus this year will…

Fed slightly upgrades view of U.S. economy

The Federal Reserve slightly upgraded its view of the US economy, saying the jobs market and consumer and business spending had improved since January. But it kept its ultra-low interest rate and its liquidity-boosting bond repurchase operations in place, citing the depressed housing sector and the lack of inflationary pressures. The outcome of the…