UK shop price inflation retards

Note: This section contains information in English only.
Source: Bloomberg

In November UK shop price inflation diminished to a 1-year low as price wars among supermarket limited food-expense increases, said British Retail Consortium. Retail prices added 2% on a yearly basis compared to 2.1% in October. According to report, food prices climbed 4% and non-food items gained 0.8% compared to previous year. Mervyn King a governor of BoE predicts inflation to slow down in 2012. 

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Wed, 07 Dec 2011 12:58:42 GMT

Germany sells five-year notes

Germany sold 4.09 billion euros of notes maturing in five years with an average 1.11% yield. The Bundesbank, the responsible institution for conducting government's auction, announced it got 8.67 billion euros bids for the notes. The Bundesbank has set aside 910 million euros for secondary market operations made by Finance Agency.

Wed, 07 Dec 2011 14:17:30 GMT

S&P confirms China's AA- rating

On Tuesday Standard & Poor's rating agency confirmed its AA- credit rating for the world's second biggest economy preserving stable economic outlook. According to Standard & Poor's there is room for an upgrade if China restructures its debt capital market and allows more flexibility in exchange rate. Agency also warned China that its banking system may suffer if country's economy worsens.

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