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She said central banks should continue to pursue a loose monetary policy.
She said: "Central government must take responsibility for ensuring devolved areas receive adequate funding to maintain services.
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Today, she says, central government provides more than 80% of local government funds and dictates how the money is used.
Then, when Ms. Rafa inquired further, he said, "central Indiana".
Professor Blanchflower said central banks had it backward.
City officials said Central and Menahan did not cut it.
Still, one senior F.B.I. official said, "central questions remain unanswered".
He said central bankers and regulators bear culpability too.
Economists at Lehman Brothers said central bankers might even cut rates.
She said the central bank should "support Japan in its struggle to exit from deflation".
She said the central bank could choose to cut rates as early as next week.
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