Rishi Sunak wants to cut the cost of ‘sicknote’ Britain 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks 
New EU trade rules could put poor countries in a billion dollar ‘green squeeze’ 
The UK has become the world’s fourth largest exporter, but can it maintain this momentum? 
High interest rates aren’t going away anytime soon – a business economist explains why 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments 
Uganda’s tax system isn’t bringing in enough revenue but is targeting small business the answer? 
Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity 
European Central Bank (ECB) has broken all available records when it comes to easing the monetary policy. Bond buying is continuing at a record pace of €80 billion, the interest rate is at record low of -0.4 percent and through ECB’s long-term refinancing operations (LTROs) the banks would be able to borrow at rates as low as negative.
Despite the central bank’s sincerest efforts, the deflation in many Euro area economies ate proving to be sticky. Data from Spain, released today, shows that the economy remains in deflationary territory for more than two years now. Spanish consumer prices sank by 0.7 percent on the year in July on an EU-harmonized basis, a deeper slide than the 0.6 percent rate that had previously been estimated.
Same can be seen in economies across the region.
- Deflation was visible in Italy (-0.1 percent), Greece (-1 percent), Netherlands (-0.3 percent), and Cyprus (-0.2 percent).
- Even inflation in Eurozone is very close to negative (+0.2 percent)
European Central Bank (ECB) has already introduced extraordinary levels of stimulus, perhaps now is the time for the fiscal policy to take over.
