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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE kept key interest rate steady
The Bank of England (BoE), in its monetary policy decision, kept its benchmark interest rate unchanged at 0.1% and maintained its bond buying programme unchanged at £895.0 billion. The central bank warned that rapidly growing coronavirus cases will affect economic activity in early 2021. The policymakers indicated that the long term outlook for British economy had improved slightly since its last meeting in November, following positive news around the Covid-19 vaccines and their rollout, but current economic performance had been worse.
UK consumer confidence index advanced in December
In the UK, the consumer confidence index rose to a level of -26.00 in December, compared to a reading of -33.00 in the prior month.
Euro-zone CPI fell as expected in November
In the Euro-zone, the final consumer price index (CPI) fell 0.30% on a YoY basis in November, compared to a similar drop in the prior month. Markets were expecting the CPI to ease 0.30%.
US building permits rose in November
In the US, building permits registered a climb of 6.20% on a MoM basis in November, compared to a revised drop of 0.10% in the prior month.
US housing starts advanced more than expected in November
In the US, housing starts rose 1.20% on a MoM basis in November, compared to a revised advance of 6.30% in the prior month.
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