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European Union leaders will hold an emergency summit on Ukraine in Brussels, 10:30 a.m. The Bank of England will probably hold its policy rate at 0.5 percent and keep bond purchases at 375 billion pounds, according to all economists in a Bloomberg survey, 12 p.m. Click here to view the article.
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Labor costs in Cyprus fell the most in the euro area in the third quarter, Eurostat said yesterday. The island’s annual hourly rate dropped 7.6 percent in the period, compared with an average annual increase of 1 percent in the region. Costs declined in Ireland, Slovenia and Portugal. Third quarter data for Greece were unavailable. Click here [...]
Taming bulging credit, not price pressure, will probably drive China’s monetary policy in 2014. Price data for November shows inflation remains muted. The consumer price index rose 3 percent from a year earlier, down from a 3.2 percent gain in October. Click here to continue reading sample article.
The ECB will keep its policy rate at 0.25 percent today, according to all 60 economists surveyed by Bloomberg, after last month’s 25 basis-point cut. The central bank may maintain a downward bias toward monetary policy as staff forecasts are likely to revise lower their 1.3 percent inflation estimate for 2014 and reveal forecasts for 2015. Click here [...]
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Below is a link for Bloomberg’s “China’s Reform Plan,” a collection of commentaries, compiled by the editors of Bloomberg’s Economics Asia and China Briefs, that showcases the responses of leading analysts and academics to key elements of the country’s reform package. To view the supplement, click the link below. http://www.bloombergbriefs.com/files/Chinas_Reform_Plan-PRINT.pdf Inside: A Bloomberg Brief analysis [...]
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