Friday, August 22, 2014   

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:
UK state borrowing halves in July: official data (08-21 18:24)
HK price level rises faster in July (08-21 18:18)
Eurozone economy still in timid recovery: survey (08-21 18:06)
Hang Seng down on mainland data (08-21 16:31)
European stocks flat at open (08-21 15:26)
Nikkei ends on positive column (08-21 14:49)
China manufacturing sector grows slower in August: HSBC (08-21 13:41)
Hang Seng dips at midday (08-21 12:33)
Nikkei up by break (08-21 11:07)
Nikkei higher at open (08-21 10:21)

More breaking news >>

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