The Bank of Japan may take new stimulus measures

As it became known on Friday, consumer prices fell in May the maximum rates since 2013, nullifying the efforts to revitalize the central bank inflation. Core consumer prices, not taking into account food products, fell by 0.4% in May, compared to the previous year, confounding economists’ expectations. Business sentiment, meanwhile, remained unchanged. However, this survey was conducted before the referendum in the UK. The Japanese yen continues to rise, as investors flee to “safe haven”, after the decision of the UK to leave the EU. The dollar / yen was…

Read More

The Bank of England will cut interest rates to zero – TDS

Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…

Read More