Deeper Analysis
Euro Area Inflation Justifies More ECB Stimulus
March 4, 2014
Officials on the ECB Governing Council often assert that their’s is a policy that addresses the average economy of the whole bloc, not one or more of its component parts. However, the revealed predisposition of the policymaking committee suggests that policy is directed primarily to inflation and prospective future inflation in Germany. The central bank’s […] More
Central Bank Watch
No Change in Australia’s 2.5% Official Cash Rate
March 4, 2014
Today’s interest rate policy statement speaks of mixed Australian growth prospects, a softer labor market, accommodative financial and monetary conditions. Moderating price inflation among non-traded goods is projected, and overall inflation on the present policy settings is seen staying within the targeted boundaries of 2% and 3%. Officials seek better balance in economic growth and […] More
New Overnight Developments Abroad - Daily Update
Investors Less Risk Averse Than on Monday
March 4, 2014
Russia’s military exercise has ended, but about 16,000 of its troops remain in Crimea. Stock markets that were hard hit yesterday have rallied on hope that the Ukraine conflict won’t degenerate further and that war with Russia can be avoided. In Europe, equities have risen 2.6% in Italy, 2.3% in Germany, 2.5% in France, 1.8% […] More
