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Following are the highlights of the European Central Bank's monthly bulletin:
The Russian central bank cut interest rates this morning to 8.5%. The most prominent of its statement were as follows:
Inflation expectations among consumers in Australia fell for the second month in a row in September, with the Melbourne Institute index falling to 3.8%, after recording 4.2% last month. This monthly indicator is monitored closely because inflation expectations tend to influence actual price growth.
The Swiss National Bank (SNB) decided to keep interest rates unchanged at -0.75% at its meeting today. The following are the highlights of the monetary policy statement:
The ECB decided at its meeting today to keep interest rates on main refinancing operations unchanged at 0.00%, interest rates on margin lending facilities at 0.25% and deposit interest rates at -0.40%. The bank also noted that interest rates may remain unchanged for a long period of time.
The consumer price index rose in July for the seventh month in a row, and the core index maintained its rising on a steadily upward path. A sign that the third largest economy in the world recovering. With the core CPI rising, excluding fresh food prices by 0.5% on yearly basis in July.
This week witnessed a marked weakness for the US dollar against most of its rivals and investors turned to sell the dollar as many policy makers hinted to start a shift from the easing policy towards tightening policy to begin reducing the gap with US Federal Reserve policy. The dollar index has fallen to the lowest levels over 8 months at 95.20. On the other hand, the US economy grew by 1.4% in the first quarter of 2017.
By CNBC : The Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, though an unexpected surge in support for a rate hike among its committee policymakers sent sterling higher
Learn the difference between fiscal and monetary policies and their implementation and effects.
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