Friday, July 3, 2015   

British inflation slows again to 1.5 percent
(06-17 17:04)

Britain's 12-month inflation slowed to 1.5 percent in May, which was the lowest level for four and a half years, official data showed. Although Britain is not in the euro zone, the unusually low trend for 12-month inflation shadows even lower inflation in the 18-member single currency area.
That has pushed the European Central Bank into exceptional measures to try to push money through the economy and support prices and ward off the threat of deflation.
However, in Britain, there is now talk that the central bank, the Bank of England, may have to raise rates to slow down overheating, mainly in the property market.--AFP
   
Other Business breaking news:
US stocks open higher (07-02 21:45)
BBC sheds layers and cuts 1,000 jobs amid funding shortfall (07-02 21:36)
Spain predicts 3.3 percent growth (07-02 21:07)
223,000 join US work force in June (07-02 21:05)
(Greece crisis) Business groups oppose baffling referendum (07-02 21:00)
(Greece crisis) Harried pensioners try to get by (07-02 20:46)
(Greece crisis) Turbulent days ahead in the battle to tick the right boxes (07-02 20:40)
(Greece crisis) Varoufakis promises to quit if voters accept debt deal (07-02 17:54)
(Greece crisis) Spillover effects pose risk to global bond markets (07-02 17:22)
Analyst predicts further falls on day China stocks swing to another loss in volatile trade (07-02 17:07)

More breaking news >>

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