LONDON (Reuters) – Japan’s economy is likely to keep recovering at a modest pace, Bank of Japan policymaker Takehiro Sato said on Wednesday, but he said any doubts about the government’s fiscal policy could dampen the impact of central bank stimulus.
Sato, one of four BOJ board members who have opposed the bank’s 80 trillion yen ($665 billion) a year stimulus drive, said the biggest risk to Japan was that investors might demand a higher premium to hold its huge stockpile of government debt.
LONDON, Feb 5 (Reuters) – British house prices jumped
unexpectedly last month, recording their biggest rise since May
2014, but mortgage lender Halifax said it still expected the
overall pace of house price rises to slow this year.
Halifax said that house prices rose 2.0 percent in January
from the month before, up from a 1.1 percent increase in
December and far outstripping the 0.1 percent average increase
forecast in a Reuters poll.
LONDON (Reuters) – Britain’s major political parties are likely to face heavy pressure to raise taxes to balance the budget after May’s election, contrary to their stated plans, a leading think tank said on Wednesday.
The Institute for Fiscal Studies, a non-partisan body whose analyses of Britain’s public finances are closely watched, said the fiscal tightening planned over the coming years was deeper than in any of 32 other advanced economies it had looked at.
LONDON (Reuters) – Britain’s economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May’s election.
Tuesday’s data showed some loss of momentum. Growth in the third quarter fell to 0.5 percent from 0.7 percent in the third, slower than the 0.6 percent growth most private-sector economists had expected in a Reuters poll.
LONDON (Reuters) – Britain urged the European Central Bank to take all necessary steps to fight off the risk of deflation, a week before ECB policymakers meet to discuss whether to embark on an unprecedented government bond buying program.
Finance minister George Osborne, in a speech to be delivered on Wednesday, distinguished between Britain — where inflation has just hit a 14-year low of 0.5 percent — and the euro zone where inflation has been lower for months.
LONDON (Reuters) – British consumer price inflation plunged to its lowest level since May 2000 last month and looks set to fall further, easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon.
Reflecting a slide in global oil prices, the rate of consumer price inflation halved to an annual 0.5 percent in December from 1.0 percent in November, the Office for National Statistics said on Tuesday.
LONDON, Jan 7 (Reuters) – Britons bought nearly 2.5 million
new cars last year, the most in a decade and almost 10 percent
more than in 2013, as economic optimism and cheap finance
cemented the country’s position as the brightest auto market in
Sales should rise again this year, but much more slowly as
pent-up demand starts to ebb and motorists face the risk of
higher taxes after May’s national election, an industry body
LONDON (Reuters) – Officials charged with overseeing the Bank of England failed to hold the central bank to account during the 2007-09 financial crisis and may have made matters worse, a senior MP said on Wednesday.
The central bank published nearly 500 pages of minutes of meetings of its Court, a body which was meant to help set strategic direction and act as a check on its governor, who at the time of the crisis was Mervyn King.
LONDON, Jan 7 (Reuters) – Officials charged with overseeing
the Bank of England failed to hold the central bank to account
during the 2007-09 financial crisis and may have made matters
worse, a senior British lawmaker said on Wednesday.
The central bank published nearly 500 pages of minutes of
meetings of its Court, a body which was meant to help set
strategic direction and act as a check on its governor, who at
the time of the crisis was Mervyn King.
LONDON (Reuters) – Britain’s economic recovery softened further as growth across services companies slowed sharply during December to its lowest level since mid-2013, a survey showed on Tuesday.
Sterling slipped to a 17-month low against the dollar after the Markit/CIPS UK Services Purchasing Managers’ Index (PMI), a closely-watched monthly survey, suffered its steepest decline in more than three years.