Bank of England split on QE

Source: RTTNews
© Scanpix/AFP
On Wednesday, members of the English central bank overturned Mervyn King's call for further stimulus during his last meeting as a governor. 3 members voted for additional increase of 25 billion pounds in quantitative easing, while 6 voted against the decision. Meantime, Monetary Policy Committee decided to keep record low interest rates at 0.50%.
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Wed, 19 Jun 2013 12:37:05 GMT

Swedish unemployment falls

On Wednesday, Statistics Sweden revealed that unemployment rate declined unexpectedly in May. The figure for May declined down to 8.2%, compared to a reading for the preceding month that was equal to 8.7%. Economists, however, expected that jobless rate in Sweden will increase to 8.8% last month.

Wed, 19 Jun 2013 12:15:16 GMT

BoJ says that stimulus might be adjusted

BoJ governor Kuroda said that central bank's monetary stimulus might be adjusted upwards or downwards depending on economic situation. These comments counter the April's statement that the BoJ has done everything it can to fight deflation. Two month ago Japanese central bank promised to double country's monetary base within 2 years, expanding it 60-70 trillion yen per year.

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