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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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The ECB will keep its policy rate at 0.5 percent for a sixth month today, a Bloomberg survey shows, even after inflation slowed to 0.7 percent in October. The bank on average makes a rate change at about 20 percent of its meetings. March and December have been the most popular months for changes, coinciding with the release [...]
Euro-area unemployment may have remained at 12 percent for a third month in September, a Bloomberg survey shows. The IMF calculates structural unemployment in the monetary union rose to 10.1 percent last month from 7.4 percent before the crisis. The jobless rate in August ranged between 4.9 percent in Austria and 27.9 percent in Greece. Click here to [...]
The U.S. September jobs report, delayed by the government shutdown, will be released today. Nonfarm payrolls may have risen 180,000 after having increased an average of 188,000 each month in the past year. Through August, the U.S. had recovered 6.8 million of 8.7 million jobs lost in the 18-month recession that ended in June 2009. Click here to [...]
The Bloomberg U.S. financial conditions index, first compiled in 1994, reached a series high of 1.527 after U.S. lawmakers approved a measure ending the government shutdown and extending the borrowing authority until next year. The measure was passed by wide margins in the House and Senate. The bill passed on an 81-18 vote in the Senate, followed by a [...]
U.K. inflation slowed to 2.6 percent in September from 2.7 percent the previous month, a Bloomberg survey shows. That would leave the rate above the 2 percent target for a 46th month. The Bank of England forecasts price growth will remain above target until 2015, slowing to 1.96 percent in two years. The BOE has failed to [...]
The cut in the U.K.’s top income-tax rate to 45 percent from 50 percent represented the world’s largest reduction in 2013, a study by KPMG shows. By contrast, the top U.S rate rose to 39.6 percent from 35 percent. The U.K’.s top rate remains the 11th highest in the EU and the 18th highest in the world. Sweden [...]