Wednesday, October 7, 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:
Eurozone growth cut to 1.6pc (10-06 22:19)
IMF trims global growth projection (10-06 22:17)
Modest pickup forecast for US (10-06 22:15)
US blue chips climb at open (10-06 21:48)
US August trade deficit with China leaps to US$35b (10-06 20:59)
Facing mega financial hits, Volkswagen tightens spending (10-06 20:40)
Europe to share info on tax avoidance deals of global corporations (10-06 19:57)
(Books) Bernanke worried about ‘grand-daddy of all financial panics’ (10-06 19:39)
Volkswagen admits 8m dirty diesels sold in Europe (10-06 19:01)
Greenback still mighty, but yuan gains ground in trade finance (10-06 18:15)

More breaking news >>

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