Thursday, October 2, 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:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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