ECB ready to buy government bonds - Mario Draghi

FXStreet (Mumbai) - In an interview given to the German national weekly-newspaper, the European Central bank President Mario Draghi said the bank is ready to buy government bonds.

The President further added that the expansive monetary policy is needed to achieve price stability. However, he also stated the central bank policies are not there to provide advantage to one particular country or another.

Jan 14, 2015

UK seeing “joyflation” – ING

James Knightley, Senior Economist at ING, notes that expectations that UK CPI is going to fall further has caused what can now be labelled as “joyflation” as low inflation is creating a very positive environment for consumer spending.

Market Movers: Copper leads AUD/USD’s fall, Yen strengthens

Midday reversal to the downside in the US session has translated into a similar performance in Asia, where Nikkei225 and Sydney are falling while Shanghai and Composite are holding on to modest gains.