Core consumer prices in Japan rose in September 2017

October 27, 2017 7:50 amComments Off on Core consumer prices in Japan rose in September 2017
Core consumer prices in Japan rose in September 2017

The core consumer prices in Japan rose in September 2017, which is the 9th consecutive month of growing on annual basis. However, the CPI stalled on month-on-month basis. The data highlighted the difficult task of the central bank to reach its inflation target of 2%. The Central Bank of Japan is expected to not change its inflation forecast at its next week’s meeting. Much of the price rise in September […]

Read more ›

UK retail sales are shrinking at the sharpest pace since 2009

7:34 amComments Off on UK retail sales are shrinking at the sharpest pace since 2009
UK retail sales are shrinking at the sharpest pace since 2009

UK retail sales are shrinking at the sharpest pace since 2009, while the concerns about the weakness of the housing market may exacerbate the weakness in consumption this year. The retail sales index, prepared by the Confederation of British Industry, has fallen to -36 points in October, which is the lowest value since March 2009. In September the measure was in positive territory of 42 points. According to the confederation […]

Read more ›

Swedish central bank kept the key interest rates unchanged

7:27 amComments Off on Swedish central bank kept the key interest rates unchanged
Swedish central bank kept the key interest rates unchanged

The Swedish central bank kept the key interest rates unchanged and obviously does not intend to hurry with tightening of the monetary policy. The regulator repeated its intentions to wait until mid-2018 before raising the interest rates. Currently, the main rate is -0.5% and it remained unchanged. The central bank, Sveriges Riksbank, did not give details of whether to continue with the bond purchase program in 2018. “The recovery of […]

Read more ›

German consumer confidence send mixed signals after parliamentary elections

October 26, 2017 2:13 pmComments Off on German consumer confidence send mixed signals after parliamentary elections
German consumer confidence send mixed signals after parliamentary elections

The German consumer confidence send mixed signals at first reading after the parliamentary elections. The expectations for the economy and the propensity for spending are improving, but personal income expectations deteriorate for the second consecutive month, according to a survey of the market research firm GfK. The report predicts a slight deterioration in consumer attitudes in November by 0.1 points to 10.7 points. The economic expectations indicator is progressing impressively […]

Read more ›

Global debt reached 324% of annual world economic output

1:39 pmComments Off on Global debt reached 324% of annual world economic output
Global debt reached 324% of annual world economic output

Global debt grew to a record 226 trillion USD, which is three times larger that the world’s annual economic output. The companies in most countries struggle with loan servicing, while central banks are preparing to end their loose credit policies. The European Central Bank (ECB) declared reduction of quantitative easing program, which lasted two and a half years and accummulated assets for 2 trillion EUR. Also the ECB is expected […]

Read more ›