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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose as expected in November
In the UK, the consumer price index (CPI) registered a rise of 0.20% on a MoM basis in November, in line with market expectations. The CPI had dropped 0.20% in the previous month.
Euro-zone CPI declined as expected in November
In the Euro-zone, the final CPI recorded a drop of 0.30% on a MoM basis in November, at par with market expectations. The CPI had recorded a rise of 0.10% in the prior month.
Euro-zone construction output declined in October
In the Euro-zone, the seasonally adjusted construction output registered a drop of 1.01% on a MoM basis in October. The construction output had recorded a revised rise of 1.11% in the previous month.
German Ifo business expectations index climbed in December
In Germany, the Ifo business expectations index rose to a level of 93.80 in December, compared to market expectations of a rise to 93.00. In the prior month, the index had recorded to a level of 92.10.
BoJ keeps its key interest rate unchanged
The Bank of Japan (BoJ), in its December monetary policy meeting, kept its benchmark interest rate unchanged at -0.10%, as widely expected, and maintained its upbeat view on the economy. Also, the BoJ pledged the yield target for 10-year Japanese government bonds around 0.00%. Moreover, the policymaker indicated that is no rush for a near-term stimulus despite global risks threaten a fragile recovery. Additionally, the central bank stated that the economy will continue to expand at a moderate pace, amid limited impact of the slowdown of overseas economies on domestic demand.
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