With the U.S. economy improving, the Federal Reserve announced on Wednesday that it will further reduce its bond purchases by 10 billion U.S. dollars starting February.
The International Monetary Fund (IMF) chief Christine Lagarde on Saturday said that the recovery of the world economy is a consolidation process and people should be aware of the risks.
Thursday's figures showed China's consumer price index (CPI) inflation rose lower than expected in December to a seven-month low.
Philippine Presidential Palace ordered Tuesday all concerned agencies to make sure that inflation rate would not keep rising after posting 4.1 percent in December last year, the highest in two years.
With November CPI inflation slowing more than expected and PPI inflation remaining negative, markets could breathe a sigh of relief. In the past few weeks, markets have been worried that the central bank could be forced to tame the rising CPI by tightening the credit supply, leading to rising bond yields.
China should allow its inflation to rise to give more room for its macroeconomic policies, Lu Ting, chief China economist with Bank of America Merrill Lynch, said Thursday.
The chief economist of the Bank of England (BOE), the British central bank, on Wednesday said rates would not rise until a "sustained period of growth is reached."
Economists described the unchanged state of Britain's Consumer Price Index (CPI) figures released Tuesday as "a little disappointing."
Economists described the unchanged state of Britain's Consumer Price Index (CPI) figures released Tuesday as "a little disappointing."
The Philippine economy will continue to grow faster toward the end of the year despite a slight rise in inflation in September and the continued threats to the global economy, particularly that of the United States, the country's leading trading partner.
Hong Kong's overall consumer prices rose 4.5 percent in August over a year earlier, narrowing from an increase of 6.9 percent in July, the Census and Statistics Department announced Monday.
China's August economic data indicated the world's second-largest economy has been stabilizing and that the government still has room for bolstering growth.
The Australian dollar has slid to a half-month low after the Reserve Bank of Australia effectively nullified prospects of a further cut in rates, although the Australian central bank left the door ajar for further action in the wake of a key board meeting in Sydney.
China's consumer price index (CPI), a main gauge of inflation, grew 2.7 percent year on year in July, staying flat from June, the National Bureau of Statistics (NBS) announced on Friday.
China may see a mild increase in consumer prices in the second half of the year, which could limit the country's policy options as it faces a double task of stabilizing growth and curbing inflation, analysts said.
The U.S. Federal Reserve on Wednesday pledged to keep its stimulus policy in place, as a mixed bag of economic data released recently have fueled fears of a slowdown in tentative growth.
Massive monetary stimulus taken by the major central banks is unlikely to ignite inflation as the inflation expectations have become more anchored than in the past and the response of inflation to changes in cyclical unemployment has become more muted, said the International Monetary Fund on Tuesday.
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