Tag: stimulus measures

US Fed expected to keep interest rates at record low today

US Fed expected to keep interest rates at record low today

As uncertainty surrounds the world’s largest economy, investors are awaiting the outcome of the Federal Reserve’s policy meeting today. The US Fed is set to announce its decision on interest rates and other stimulus measures. Interest rates in the world’s largest economy have stood at the low level of between 0% and 0.25% since December [...]

August 10, 2010 | 0 Comments More
Japanese retail sales up 4.2% on year

Japanese retail sales up 4.2% on year

The Ministry of Economy, Trade & Industry has today revealed a sharp rise in Japanese retail sales for the month of February, boosted by Government stimulus measures which have been put in place to encourage spending. According to official figures, retail sales surged by 4.2% from a year earlier - beating analysts expectations and represented [...]

March 29, 2010 | 0 Comments More
Fed discount rate rise triggers sterling losses

Fed discount rate rise triggers sterling losses

The US Federal Reserve stunned markets by raising its discount rate (the interest rate it charges banks for emergency loans) by 25bps to 0.75%. The news sent the pound down to its lowest level against the US dollar in nine months, while Asian equity markets reacted cautiously as they digested the news. Furthermore, the euro [...]

February 19, 2010 | 0 Comments More
India industrial output soars 16.8% on year

India industrial output soars 16.8% on year

Official figures have revealed further evidence of a strong recovery within India’s economy after industrial output surged by 16.8% in December compared with a year earlier - beating analysts expectations. According to analysts, the Government is likely to withdraw its stimulus measures as a result of the strong performance. The country’s central bank has injected [...]

February 14, 2010 | 0 Comments More
Indian economy to grow 7.2%

Indian economy to grow 7.2%

The Indian Government has today announced that the economy is expected to expand 7.2% in the year to the end of March. The economy is making a strong recovery and expanded at an annual pace of 7.9% in the three months to the end of September, after growing 6.7% in the year to the end [...]

February 8, 2010 | 0 Comments More
E&Y Item Club: Economic growth will struggle this year

E&Y Item Club: Economic growth will struggle this year

The latest quarterly report from the Ernst & Young Item Club is forecasting “a decade of pain” for the UK economy, with growth only expected to be 1% this year. The UK economy, which has now contracted for six consecutive quarters, has been lagging behind other economies and is now the last major economy that [...]

January 18, 2010 | 0 Comments More
Bank of Japan keeps interest rates on hold to fight deflation

Bank of Japan keeps interest rates on hold to fight deflation

The Bank of Japan has again elected to keep interest rates on hold at the low level of 0.1%, as widely expected. It is anticipated that the Bank will leave rates at the low rate until around 2012 as a result of deflationary pressures. The world’s no.2 economy exited recession in the second quarter of [...]

December 18, 2009 | 0 Comments More
Bank of Japan not ruling out other stimulus measures

Bank of Japan not ruling out other stimulus measures

It emerged yesterday that Japan’s central bank had injected 10 trillion yen (£70 billion, $114 billion) in liquidity into financial markets to cement the recovery of the world’s second largest economy. In a statement, the Bank said the emergency fiscal measures would “firmly support Japan’s economic developments toward recovery”. However, the stimulus measures were criticised [...]

December 2, 2009 | 0 Comments More
PM warns against early withdrawal of stimulus measures

PM warns against early withdrawal of stimulus measures

Speaking today at the annual conference of the Confederation of British Industry (CBI), Prime Minister Gordon Brown told business leaders that in order to sustain economic recovery, financial stimulus measures will be kept in place for as long as necessary. The PM warned that economic recovery would be put at risk if official support was [...]

November 23, 2009 | 0 Comments More