Japan: Bank of Japan expects moderate recovery and slower inflation
According to a report released today, the Bank of Japan sees the economy recovering at a moderate pace following the slump after last year’s sales tax hike. It also said that it expects inflation to slow. (Source: RTT News)
Lithuania: Industrial production rises in December
In December, Lithuania’s industrial production increased 2.6% in annual and working-day adjusted terms, with the manufacturing and mining and quarrying sectors both recording gains. (Source: RTT News)
Europe: Mario Draghi may need to get a bigger (QE) boat
If Mario Draghi wants to have a significant market impact after Thursday’s European Central Bank meeting, he better not think small. (Source: CNBC)
Brazil: Brazil Raises Benchmark Interest Rate to Highest Level In 3 Years
Brazil’s central bank raised its benchmark interest rate Wednesday to the highest level in more than three years, with inflation expected to surge as the government lets some controlled prices rise. (Source: NASDAQ)
Israel: Israel central bank highlights risk of house price slump
Israel’s central bank said on Wednesday the main risk to the stability of the country’s financial system was the exposure of banks and households to a potential slump in house prices, which have nearly doubled since 2007. (Source: Reuters).
Global: Chinese Premier Li Keqiang Says China’s Slowing Economic Growth Will Not Hurt Global Commerce
China’s Premier Li Keqiang sought to reassure a jittery international community that a gradual economic slowdown in the world’s most-populous nation does not bode trouble for the rest of the global economy. (Source: IBTimes)
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