On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Euro zone corporate lending surge tacks on
The previous month surge in euro zone corporate lending managed to pick up, as the European Central Bank informed on Thursday. It unveiled it just hours before revealing whether it would reduce monetary stimulus from 2018 or not.
In September, lending surge to businesses, a major plank in euro zone's economic recovery, rallied to 2.5% from August’s outcome of 2.4%, while household lending didn’t change, sticking to 2.7, as the ECB told.
However, lending demonstrated its best performance since global financial downtime - it stood below its pre-crisis mark because financial institutions, under pressure to improve their balance sheets, were still reluctant to lend the EU’s real economy.
The annual surge rate of the M3 measure of money supply, considered by some to be a precursor of economic activity, climbed up from 5.0 to 5.1% the previous month, thus confounding expectations for 5.0%.
On Thursday, the ECB is supposed to announce that it’s going to reduce asset purchases from 2018.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
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