The BoE chose to keep interest rates at 0.5%, with minutes of the Monetary Policy Committee meeting revealing a vote of 8-1 in favour of this decision.
The Labor Department said Wednesday that its consumer price index rose 0.1 percent in July following increases of 0.3 percent in June and 0.4 percent in May.
At its August Monetary Policy Committee meeting, members voted to keep the benchmark bank rate unchanged from its record low 0.5 per cent, for the 78 consecutive month.
The statistics for the Consumer Price Inflation indices (CPI) released today reveal that the Consumer Prices Index (CPI) has turned positive, growing by 0.1% in the year to July 2015, up from 0.0% in the year to June 2015.
The Caixin Chinese Purchasing Manager’s Index, formerly released by HSBC, showed that manufacturing activity in August slowed to a six-and-a-half-year low. Markit’s Composite Flash Purchasing Managers’ Index, based on surveys of thousands of companies and seen...
A private factory gauge unexpectedly fell to the lowest level in more than six years, data Friday showed. At the same time, policy makers also expressed concerns that given recent drops in commodity prices inflation is still too low to justify an interest rate increase.
A lot of the FTSE is oil and gas and mining stocks and those are at the mercy of commodity prices, and there’s no knowing where they are going to end up’.
Whatever the precise cause (and the estimate may in any case be revised down), the outlook for the Greek economy remains bleak owing to the trauma of late June and July when the banks were closed for three weeks and capital controls were introduced.
China’s stocks wiped out gains spurred by an unprecedented government campaign to prop up prices amid weakening economic data and signs of capital outflows.