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Curated Global Headlines by SmartBrief.com
Weidmann: ECB monetary policy heads toward normalization

A European Central Bank plan to normalize monetary policy is on track, says Jens Weidmann, president of Germany's Bundesbank. The ECB aims to end bond buying by year-end, clearing the way for gradual interest-rate increases, Weidmann says, and a forecast of 1.7% inflation in 2020 is in line with stability targets. Reuters (19 Aug.)

Odds of no-deal Brexit 50-50, Danish finance chief says

Time is running out for the UK and the EU to agree on a Brexit transition, said Kristian Jensen, Denmark's finance minister. The likelihood of a no-deal Brexit is 50-50, he said. Politico (17 Aug.)

NAFTA talks progressing, US trade official says

US Trade Representative Robert Lighthizer said he hopes for a breakthrough in talks between the US and Mexico about renegotiating the North American Free Trade Agreement. Lighthizer also said he expects Canada might rejoin talks soon. Deutsche Welle (Germany) (17 Aug.)

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