Eurozone's CPI remains far below target level

Source: BBC News
The consumer price index in the single currency area remains far below the ECB target level of 2%, as the regulator introduced a number of new policy measures to keep prices growing and avoid deflation risks. In June the inflation level in the Eurozone reached 0.5%, down from 0.6% a month before. According to the data, only the service sector registered significant price increases.
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Tue, 01 Jul 2014 11:40:10 GMT

Chinese manufacturing picks up amid government support

Activity in the manufacturing sector of Chinese economy jumped in June of the current year, while the growth reached the highest level this year amid a broad government support in order to avoid the slowdown. The benchmark PMI Index, which evaluates the activity of this sector in China's economy, advanced to 51 points in June, while economists waited for a

Tue, 01 Jul 2014 10:53:09 GMT

Australian CB keeps rates unchanged

On Tuesday, the Reserve Bank of Australia decided to keep the monetary policy course unchanged. The benchmark cash rate has been held at the previous level of 2.5%. Therefore, the RBA is now maintaing the main interest rate for ten meetings in a row. According to the RBA officials, the current economic growth and inflation in Australia perfectly fit the

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