Chile reduces interest rates for fourth time in six months

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Source: Bloomberg
The central bank of Chile has cut the interest rates to 4%, which is the fourth time in half year time. The economy in Chile has advanced 1.4% in January, thus still having the slowest economic growth in four years, after the destructive earthquake in year 2010. Despite the slow slow growth at the beginning of the year, the policy makers expect the economy to expand from 3.75% to 4.75% this year.
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Fri, 14 Mar 2014 13:06:50 GMT

Czech industrial production growth advances at slower pace than expected

The Czech Statistical Office announced slower industrial production growth in January. The industrial production advanced 5.5%, while most of the analyst expected the production to grow 6.7%. In previous month it rose 9.3%, the strongest development in almost three-year time. The biggest drop was experienced in manufacturing output, which slowed down from 11.8% to 7.6% in January.

Fri, 14 Mar 2014 13:05:13 GMT

Draghi comments ECB forward guidance might weigh on Euro

The European Central Bank President Mario Draghi announced that the forward guidance might weaken the Euro and lower inflation-adjusted interest rates in order to align growth in price level with the bank's 2% target. The shared currency advanced 7.2% versus the U.S. currency in the past year, and posted a 7% gain against the basket of major peers. 

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