Britons are becoming no clearer about the outlook for their economy, if the latest Citi/YouGov survey of inflation expectations is anything to go by.
EU foreign ministers hold an extraordinary meeting today after their leaders have asked them to consider possible new sanctions on Russia. A final decision to impose them is likely to be left to their bosses who meet in next month and again in March.
Syriza has fallen tantalisingly short of an overall majority, winning 149 of 300 Greek parliamentary seats and taking 36.3 percent of the vote, 8.5 points ahead of the New Democracy party of Prime Minister Antonis Samaras in what amounts to a decisive rejection of austerity.
Just as ECB President Mario Draghi announced a massive bond-buying program to revive Europe’s economy and fend off deflation fears, news of shockingly low inflation popped up elsewhere in the globe: consumer prices in Mexico dropped 0.19 percent in early January, far below all 19 forecasts in a Reuters poll.