Macroeconomic weekly round up: Global inflation still nowhere to be found
Jason Walls breaks down the week's biggest news in macroeconomics on NBR Radio, and on demand on MyNBR Radio.
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The European Central Bank (ECB) has taken its fight against deflation one step further, by indicating that injecting further stimulus may be appropriate.
ECB president Mario Draghi says the eurozone will “do what [it] must” to boost inflation.
He has indicated he is willing to deploy the ECB’s full range of stimulus options.
This could well mean more quantitative easing on top of the sizeable package rolled out earlier this year.
Mr Draghi also suggested the ECB’s already negative deposit rate may go lower still.
Also, more concerns are coming from China.
"The slowing of growth in China since the beginning of 2015 has reduced euro area exports, in particular, exports of machinery and transport equipment," the ECB said in its twice-yearly Financial Stability Review, released this week.
The ECB is not the first central bank to flag China as a risk.
The US Federal Reserve in September suggested volatility in China was one of the key reasons it did not hike its interest rates in September.
The ECB says the slowdown in China will have a negative impact on European exporters.
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NBR Radio
Fri, 27 Nov 2015
Fri, 27 Nov 2015
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Macroeconomic weekly round up: Global inflation still nowhere to be found
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