Friday 10 January 2014

ECB and BoE leave monetary policies unchanged

The European Central Bank left its monetary policy unchanged at its meeting on Thursday, maintaining its key interest rate at 0.25 percent.

Economic data from the euro area on Thursday had been positive. The eurozone economic sentiment indicator rose to 100.0 in December from 98.4 in November. In Germany, industrial production rose 1.9 percent in November after having fallen 1.2 percent in October.

Elsewhere in Europe, the Bank of England also left its monetary policy unchanged at its meeting on Thursday.

Meanwhile, the likelihood of easier monetary policy in China increased after a report on Thursday showed that its inflation rate fell to 2.5 percent in December from 3.0 percent in November.

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