BoE governor concerned about low interest rates

Note: This section contains information in English only.
Source: The Guardian
Mark Carney, governor of the Bank of England, states that keeping interest rates low for a long time may cause a bubble in housing prices and there is a possibility of a recession returning. As the UK's economy is coming back to what is considered to be normal, production is finally at pre-crisis level and inflation is close to the bank's 2% goal.
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Thu, 24 Jul 2014 07:57:21 GMT

Chinese PMI reaches a 18-month high

As China's manufacturing indicator was at its highest in one and a half years the outlook for reaching the 7.5% growth target looks positive. The PMI came out at 52.0 suggesting expansion and exceeding the 51.0 estimate. Furthermore, the Yuan also gained with these news suggesting that the Chinese stimulus plan is having an impact on growth.

Wed, 23 Jul 2014 16:19:09 GMT

Bank of Spain reports growth increase

Spain economic growth quickened in the second quarter of the year as the country is ready to start the second year of the upturn from the most severe recession in its democratic history. GDP grew 0.5% from the first quarter, when it increased 0.4%. The Prime Minister of Spain is loosening the efforts to cut the country's budget deficit to increase demand and lower the dependence

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