BoE minutes, some policymakers tempted to raise QE

Note: This section contains information in English only.
Source: Reuters
Some Bank of England policymakers wanted to step up the central bank's monetary stimulus programme in August, minutes for the August 1-2 show. All of nine members of the MPC agreed to sustain the BoE's asset purchase objective at the 375 billion Pound, but some believed there was a room for more. They demanded more time to estimate the impact of the BoE's Funding for Lending Scheme to encourage bank credit.
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Wed, 15 Aug 2012 14:06:32 GMT

Copper falls on growth concerns

Copper has cut earlier rally as concerns about the global growth boosted worries about demand for metals. On Wednesday, three-month copper dropped 0.2% to $7,401.25 per tonne. But declines were capped by belief in additional stimulus actions from China as a think-tank official said the country must find pro-growth policies during next quarter or it may miss its annual expansion

Wed, 15 Aug 2012 14:44:41 GMT

Economic Optimism Index dropped 3% in August

The IBD/TIPP Economic Optimism Index tumbled by 1.4 points or 3 per cent in August, and reached 45.6 against 47 in the month earlier. The Index dropped to its lowest reading of 2012 so far, and reading below 50 indicates pessimism. Meanwhile, in December 2007 the reading was at 44.4 level, when the world's biggest economy fell into the recession.

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