BOE predicts inflation pickup on labour market outlook

Note: This section contains information in English only.
Source: Bloomberg
The Bank of England stated inflation in the UK may expand quickly in 2016, while the impact of oil price collapse fades as unemployment and wage data showed the pressure of labour-cost starts to build. Meanwhile, the Monetary Policy Committee announced that nine members unanimously voted for keeping the benchmark interest rate at a lowest ever 0.5%.
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Wed, 18 Feb 2015 17:15:05 GMT

European stocks gain on Greek loan agreement

European stocks climbed, reaching the highest level in seven years on speculation Greece may reach an agreement with the creditors. The Stoxx Europe 600 Index rose 0.8% to 379.84 as of 3:06 p.m. London time and it is trading at the strongest level starting from November 2007. The FTSE 100 Index declined, while 17 western-European markets gained among 18.

Wed, 18 Feb 2015 15:23:07 GMT

Greece persists on extension of loan agreement

Greece is going to request a prolongation of its loan agreement for six months. This proposal could ease a standoff with creditors over the country's future financing. However, German officials announced that Athens should follow the terms of the current bailout. Meanwhile, the Euro zone's agreement with the Greece will expire on February 28.

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