Russian central bank downgrades forecast for 2015

Source: Bloomberg
Russia's central bank expects there to be no growth next year, on the condition that sanctions are not lifted and the average price of oil stands at $95 per barrel. Also, according to the updated monetary policy blueprint for 2015-2017, the regulator now estimates the inflation will reach 4% in 2017 instead of 2016. So far the Ruble has depreciated 28% against the US Dollar this year.
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Tue, 11 Nov 2014 10:52:05 GMT

NAB Business Confidence Index falls in October

A National Australian Bank's survey showed the operating conditions considerably improved in October, even though the business confidence deteriorated during the same period. The level of the business confidence now stands at 4 against previously reported 5; the lowest level since September of 2013.

Mon, 10 Nov 2014 10:44:03 GMT

Euro rises to $1.2473 against US Dollar

The Euro is currently rising against the US Dollar, recovering from last week's losses, as the announcement of the ECB President to reinforce stimulus for the Euro zone is positively affecting the demand for the common currency. The Euro appreciated 0.17% against the US Dollar today, reaching the level of $1.2473.

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