Breaking Economic News
Russian ruble hits record low versus dollar
The Russian ruble weakened to a record low versus the greenback on Wednesday, amid a renewed slide in crude oil prices.
Now is not yet the time to raise interest rates, Carney says
Now is not yet the time to raise interest rates, the Governor of the Bank of England, Mark Carney, said.
UK core CPI rises past forecasts in December, led by airfares
UK consumer prices rose by slightly more than expected in December, with so-called ‘core’ consumer prices coming in comfortably ahead of market expectations.
Chinese economy slows down in fourth quarter of 2015, economists optimistic
The Chinese economy continued on a glide path in the last quarter of 2015, with some economists apparently sanguine on the chances of a successful and controlled slowdown in Asia's largest economy.
Some ECB members called for 20bp cut at December meeting - Minutes
Some policymakers at the European Central Bank argued for a larger cut to interest rates when they met in December, the minutes of that meeting showed.
MPC keeps rates unchanged, as expected
Rate setters in Britain kept policy unchanged following their latest deliberations, as had been widely expected.
Indonesia's central bank unexpectedly cuts interest rates
Indonesia's central bank unexpectedly cut rates on Thursday.
Hundreds of police exchange gunfire with attackers in Indonesia's capital
A series of bomb blasts rocked the Indonesian capital of Jakarta on Thursday morning, followed by reports of continuing gunfire and further explosions, the BBC reported.
Unions vote for three days of tube strikes
Tube drivers have voted to take three days of strike action over pay, the night tube and cuts to station staffing numbers.
US economy created more jobs than expected in December
Job growth in the US in December outstripped economists' forecasts, although hourly wages again lagged behind projections.
China suspends stock circuit breaker rule
The Shenzhen and Shanghai stock exchanges will suspend the new stock circuit breaker rule that came into place this week as of Friday.
US manufacturing conditions worsen in December
US manufacturing activity shrank at an accelerated pace at the end of 2015, the results of the most widely-followed survey on conditions in the sector revealed on Monday, but some economists were still relatively optimistic.