UK inflation rate expected to reach target at the end of 2012

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
According to data released, UK inflation in October eased more than expected reaching 5% or 0.1% percentage point below forecast. Mervyn King, Governor of Bank of England said that inflation is likely to keep slowing down in upcoming months, however, its pace and extent is hard to predict. King pointed out that Bank of England purchases bonds for a second month in a row to stimulate recovery and is ready to respond to any changes in economy associated with inflation.

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Tue, 15 Nov 2011 14:44:41 GMT

Retail sales in US beat the forecast

In October retail sales in US increased by 0.5% or 0.2 percentage points more than predicted. The main contribution to growth came from demand for motor vehicles and iPhones. In electronics industry purchases experienced most rapid growth since 2009. According to Millan Mulraine, TD Securities senior strategist in New York, an increase in retail sales is indicating that consumers do not expect economy to fall

Tue, 15 Nov 2011 13:42:10 GMT

Italian borrowing costs return above 7%

On Tuesday Italian 10-year domestic bonds dropped sharply, pushing yields above 7% level. According to FactSet Research, the yield hit 7.01% or 43 basis points up compared to Monday. Borrowing rate of 7% is perceived as psychologically important as it indicated the point, where Greece and Portugal were locked out of money markets. Italy's 10-year borrowing cost surged above 7% also last week on political

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