- China's current inflation rate of 2% is a full two percentage points below the govt's target of 4%
- falling oil prices is a big part of falling prices overall, but it's not all bad; the IMF rule of thumb is the a $20 drop in oil prices generates a 0.4% increase in global growth
- Russia's current inflation stands at 8% with a target of between 6 and 4%
- the ECB is being blocked from buying Eurozone govt bonds as other more solvent govts argue its favoritism of Spain, Italy, and Greece
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