Breaking Economic News
Greece set to make Friday debt payment to IMF
Greece is set to pay a €330m tranche of debt falling due on Friday to the International Monetary Fund, according to Market News International.
ECB's Draghi raises inflation expectations for 2015
European Central Bank President Mario Draghi on Wednesday said the monetary authority expects the harmonised index of consumer prices to rise 0. 3% in 2015, 1. 4% in 2016 in and 1. 8% in 2017.
ECB maintains marginal lending facility at 0.3%
The European Central Bank has, as expected, maintained the marginal lending facility at 0. 3%.
ECB maintains deposit facility at -0.20%
The European Central Bank has, as expected, maintained the deposit facility at -0. 20%.
ECB maintains refinancing rate at 0.05%
The European Central Bank has, as expected, maintained the refinancing rate at 0. 05%.
ECB reportedly raises Greece's ELA ceiling
The European Central Bank has reportedly increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by €500m to €80. 7bn from €80. 2bn.
Sepp Blatter steps down as Fifa President amid corruption scandal
Sepp Blatter has said he will resign as president of Fifa, following the football governing body's ongoing corruption scandal.
Greece's creditors agree on proposal to Athens
Greece’s creditors have reportedly reached an agreement on the proposal they will submit to the country’s authorities to unlock further aid for Athens and the stricken Mediterranean nation.
Indian central bank cuts rates for a third time
India’s monetary authority has cut its main policy rate for the third time this year, as expected by most analysts.
German inflation rises to 0.7% on the year in May
The German consumer price index rose to 0. 7% in May from 0. 5% in April, in line with expectations, according to preliminary data released by Destatis.
UK manufacturing PMI edges higher in May
The UK manufacturing sector registered a moderate expansion in May, data released on Monday showed.
Chinese manufacturing PMI for May points to stabilisation
The contraction in China's manufacturing sector continued in May for a third consecutive month, on the back of weaker than expected demand from overseas, but signs of stabilisation were apparent, economists said.