Guardian Stockbrokers Key Economic News Friday 14 September 2018

Share On Facebook

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

©

BoE raised third quarter growth outlook and maintained its policy stance steady

The BoE, at its September monetary policy meeting, as widely expected, held its benchmark interest rate steady at 0.75%. The central bank maintained its stance that bond purchases are expected to end by the close of 2018 and that interest rates will stay unchanged at least through next summer. Meanwhile, policymakers raised their third-quarter economic growth forecast to 0.5% from 0.4%, citing better than expected improvement in the recent economic activity. Also, the central bank expressed concerns over Brexit uncertainty and cited possible impact of the decision on the economy.

ECB kept its key interest rate steady, slashed growth outlook for 2018

The ECB, at its September monetary policy meeting, maintained its key interest rate at 0.00%, in line with market expectations. Moreover, the central bank lowered the growth forecast for 2018 to 2.0% and 1.8% in 2019.

German CPI advanced as expected in August

In Germany, the final consumer price index (CPI) climbed 0.10% on a monthly basis in August, in line with market expectations. In the prior month, the CPI had advanced 0.30%.

US CPI rose less than expected in August

The CPI in the US advanced 0.20% on a monthly basis in August, lower than market expectations for an advance of 0.30%. In the prior month, the CPI had registered a similar rise.

US budget deficit widened in August

Budget deficit in the US rose to $214.10 billion in August, compared to market expectations of a budget deficit of $211.00 billion. The US had posted a budget deficit of $76.86 billion in the prior month.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180921 03:21:59