There were two significant announcements from China’s policymakers last week. They mark a change of stance by the People’s Bank of China (PBOC), which until now had focused on selective easing measures and liquidity injections.
Latest GDP figures show the contrasting performance of Brazil and India, but both economies require reforms.
The eurozone economy grew by 0.2% in the third quarter compared to the previous quarter, which was slightly better than consensus expectations of 0.1%. Compared to the same period a year earlier, the eurozone grew by 0.8%.
BoE Governor Mark Carney delivered a cautious outlook when presenting the November Inflation Report, suggesting that interest rates could be kept unchanged until the end of 2015.