Mark Carney, Bank of England Governor, hit back at critics of forward guidance, underscoring that economic recovery would be jeopardized if the nation's central bank had not signaled how long it would keep interest rates at record low.
While some analysts are claiming the world's largest economy is resilient to domestic problems and risks that came from sequester and later government shutdown this year, the latest report from the Conference Board showed that mood among American consumers plunged to a seven-month low in November.
The Eurozone economy has emerged from its longest-ever recession and it seems the crisis is calming.
The situation in the Swiss labour market improved substantially in the third quarter, showing Alpine country's resilience to global headwinds and supporting the case the cap on the Swiss Franc may soon be removed.
Surprise, surprise. The Bank of Japan to maintain its unprecedented stimulus programme and ready to add more liquidity into financial markets in case risks to the economy threaten its 2% inflation target.
Amid concerns over a growing housing bubble in the U.K., Monday's report from the British Bankers' Association showed unexpected data, saying mortgage approvals fell last month.
Demand for pending homes in the United States eased for a fifth consecutive month in October, as 16-day long government shutdown added to an overall slowdown in the nation's property market.
During the last policy meeting the European Central Bank cut its benchmark interest rate by 25 basis points to a fresh low of 0.25%, citing weak inflationary pressure in the region, with CPI hitting a 47-month low in October.
Canada's inflation climbed in October at the slowest pace in five months amid falling gasoline prices, Statistics Canada reported Friday.
The Japanese Yen plunged to the lowest level since July, hitting 101.35 on the back of better-than-expected data from the U.S., and amid concerns Japanese policymakers would not be able to achieve 2% inflation target within the planned schedule.
Britain's economy is performing well, at least much better than the neighboring Eurozone and other developed economies. Nevertheless, there are issues that are limiting the expansion.
It is not a surprise for anyone that Janet Yellen will become the next Fed Chairman. However, she made another important step for this position, as the Senate Banking Committee voted 14 to 8 to send Yellen's nomination to chair the U.S. central bank to the full Senate to wait for the confirmation.
Despite U.S. Dollar's bullishness and gloomy outlook for the Eurozone, the single currency managed to trade higher on Friday compared with week's opening price.
The U.S. Dollar was supposed to be one of the main gainers last week, as the Federal Reserve cited economic pickup, and hinted a possibility of tapering of its stimulus programme in the coming months.
For months analysts and economists, as well as Australian policymakers have been expressing their concerns over the strength of the Australian Dollar that has become a serious drag on the Australian economy.
As it was widely expected Japanese policymakers held off announcing any fresh stimulus measures to boost economic growth, citing moderate recovery and stressing out that earlier measures to stoke inflation are taking hold.
British public sector net borrowing increased less than expected last month, suggesting the pace of government and public corporations spending slowed compared with how much they earn.
Following Federal Reserve comments the economy is improving, another portion of positive fundamental data reinforced the case the economy is strong enough to withstand the upcoming tapering of central bank's stimulus programme.
Draghi was right, once again. During the last ECB meeting he noticed the 17-nation bloc should prepare for another period of subdued growth and weak inflationary pressure.
While the OECD forecasts accelerating growth for Canada over the next two years, but warns the nation's central bank may have to raise rates earlier than expected, the BoC Governor Stephen Poloz stressed out that weak inflation and growth are top concerns and said that he does not share the global economic think-tank's opinion that he should hike interest rates
Japan's trade deficit nearly doubled in October, as robust growth in exports to the U.S. and China was outpaced by sharp rise in energy imports in the wake of the nuclear industry's shutdown, according to the Finance Ministry's data.
The Monetary Policy Committee members unanimously voted to keep interest rates at record low level of 0.5%, which remains unchanged since March 2009, and signalled they will not immediately raise benchmark rates even after the 7% unemployment target is reached, the MPC minutes from November 6-7 meeting revealed.
Minutes from the FOMC gathering in October revealed heated discussions of different QE tapering scenarios as positive data could soon spur a cut in the $85 billion monthly bond-purchases.
Bundesbank President and ECB council member Jens Weidmann said that is was not prudent for the Eurozone's central bank to signal its next policy decision immediately after the recent interest rate cut.