China: Chinese factory-gate prices fall again in December
China’s factory gate prices recorded the steepest drop in two years in December. The continued downward trajectory in prices suggests room for further monetary stimulus. (Source: Bloomberg)
Czech Republic: Czech Inflation Nears Zero on Oil as Central Bank Watches Koruna
Oil prices drove Czech inflation to fall to near zero in December, thereby threatening the Central Bank’s efforts to lift inflation toward its target band (Source: Bloomberg).
Greece: Samaras pledges Greeks will soon reap benefits of sound public finances
Prime Minister Antonis Samaras promised Thursday that if he is re-elected he will not cut pensions or wages further and will give back more in the way of tax cuts and salary increases. (Source: ekathimerini).
Mexico: Carstens Says ‘High Probability’ Mexico Raises Rate in 2015
Mexico’s Central Bank Governor Agustin Carstens stated in his annual speech at the Mexico Autonomous Institute of Technology (ITAM) that exists a “high probability” that policy makers will need to raise borrowing costs this year given the likelihood of tighter monetary policy in the U.S. (Source: Bloomberg)
Egypt: Egypt to hold two-phase parliamentary election in March and April
Egypt will hold a long-awaited parliamentary election in two phases starting on March 22-23, the election commission said on Thursday, something the government hopes will deliver political and economic stability after nearly four years of upheaval. (Source: Reuters)