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Bank Of England Holds Rates, Asset Purchase Target Steady

Bank of England policymakers unanimously left the key interest rate and asset purchase targets unchanged on Thursday, as expected. The nine-member Monetary Policy Committee held its key interest rate unchanged at 0.75 percent in line with economists’ expectations. The stock of corporate bond purchases was kept at GBP 10 billion and that of government bond…

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Estonia Producer Price Inflation Eases

Estonia’s producer price inflation slowed in November, data from Statistics Estonia showed on Thursday. Producer prices increased 1.6 percent year-on-year in November, after a rise of 2.8 percent in October. Data showed that prices in manufacturing declined 0.8 percent in November and mining industry logged a price fall of 2.4 percent. Month-on-month, producer prices declined…

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Italy Producer Price Inflation Slows In November

Italy’s producer price inflation slowed in November, data from the statistical office Istat showed Thursday. Producer prices rose 4.5 percent year-on-year in November after a 5.8 percent increase in October, which was the lowest in three months. In the domestic market, producer prices rose 5.7 percent annually in November and by 1.8 percent on foreign…

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Philly Fed Index Unexpectedly Drops To Two-Year Low In December

Manufacturing activity in the Philadelphia region continued to grow but remained subdued in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The report said the diffusion index for current general activity dropped to 9.4 in December after tumbling to 12.9 in November. While a positive…