Kuroda tackles deflationary mindset

Note: This section contains information in English only.
Source: Bloomberg
Haruhiko Kuroda announced in a speech today in Tokyo that he is willing to increase the provisions for additional easing without any restriction, as the world's third biggest economy strives to achieve its 2% inflation target. The Bank of Japan has already displayed its commitment, enhancing the asset purchase programme last week.
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Wed, 05 Nov 2014 14:06:07 GMT

UK services PMI drops in October

The UK services companies' growth is falling, with the purchasing managers index dropping to 56.2 in October against 58.7 in September. The slowing tertiary sector expansion rate reduces the potential for an interest rate hike, even though the manufacturing sector is improving. The Pound was down 0.7% against the US Dollar, reaching $1.5894.

Tue, 04 Nov 2014 11:59:04 GMT

EU cuts growth forecast amid the consequences of debt crisis

The European commission scaled down the growth outlook for the Euro zone, as the area's major economies are still struggling to shake off the negative effects of the recent shock. The Euro area is facing the second stagnation in six years and inflation stays below the ECB target.

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