Japan’s economy limped out of recession in the last quarter of last year, official data showed yesterday, but analysts said the weaker-than-expected growth would likely press the central bank to introduce fresh stimulus measures.
Below is a chronological list of central bank actions taken to counter deflationary pressures stemming largely from collapsing oil prices, or to boost flagging growth:
The average price of new homes in China’s 70 major cities fell 0.4% in January from the month before, marking the ninth consecutive decline.
From engaging in ‘competitive easing’ to provoking international currency wars, have we finally reached the limit of what monetary policy can achieve? Click on the countries below to find out
The city faces possible insolvency. The crisis, rooted in $20 billion in unfunded pension liabilities, belies Chicago’s nickname, “The City That Works.”
Its obligations have soared in the past decade, reaching almost $12,900 for each resident in fiscal 2013, up from $4,300 in 2004, according to the Civic Federation, a nonprofit research group that specializes in government finance.
Portugal’s public debt at the end of 2014 is expected to have stood at between 127.9 percent and 128.7 percent of gross domestic product (GDP), according to estimates from the Technical Budget Support Unit (UTAO), published Monday in Lisbon.
Greek banks are losing around 2 billion euros of deposits a week, a pace of outflows which, if maintained, will see them run out of collateral for new loans in 14 weeks, according to JP Morgan.
About one-fifth of the city’s water pipes were installed before 1931 and nearly all will reach the end of their useful lives in the next 15 years. They are responsible for close to half of all water main leaks, and replacing them is a looming, $1-billion problem for the city.
It took the Fed almost six years, and three rounds of quantitative easing, to boost its holdings to about 20 percent of U.S. Treasuries.
The Bank of England owns about 31 percent of Britain’s gilts and the Bank of Japan is still adding to holdings of that nation’s debt. Together, those purchases are crimping the amount of securities worldwide that are available for trading.
Pablo Iglesias’s pledge to restructure $1.1 trillion of Spain’s debt could make investors more cautious about the nation’s bonds, a survey showed.
Podemos has turned the Spanish political sytem on its head since the party was founded a year ago and now leads in the polls, with 27.7 percent support in February in the Metroscopia poll.
Spain ended 2014 with public debt at 1.03 trillion euros, equal to 98.1% of GDP and higher than the 97.1% target. The figures were released on Tuesday by the Bank of Spain.
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