ezone cpi and unemployment
Barrage of Data and a Surprising Russian Interest Rate Cut
January 30, 2015
Russia’s one-week central bank auction rate was cut by 200 basis points to 15.0%. Such had been raised by 900 bps during November-December. Officials attribute the spike in inflation to ruble depreciation that will not continue and expressed concern about slowing growth. U.S. quarterly GDP growth slowed to 2.6% last quarter from 5.0% in 3Q. […] More
