Today's headlines 18/12 📰
Morning Minute 18/12: UK inflation hits 8-month high Headlines: ◼️ Inflation in the UK rose to an 8-month high in November, data released by Office for National Statistics confirmed this morning | Consumer prices increased by 2.6% year on year, after a reading of 2.3% was seen in October. ◼️ European shares have had a muted start to the day as investors keenly await monetary policy meetings from the Federal Reserve and the Bank of England scheduled for tonight and tomorrow, respectively. ◼️ Japan’s exports increased by more than expected in November, data released this morning showed | Exports rose by 3.8% year on year, with economists expecting a 2.8% rise over the same period, after a reading of 3.1% was seen in October. Emerging Markets: ◼️ Indonesia’s central bank kept interest rates steady at its meeting held this morning | Officials kept the benchmark rate steady at 6%, while also leaving the overnight deposit facility and lending facility rates unchanged, as expected by analysts. ◼️ Morocco’s central bank cut its benchmark interest rate at this morning’s quarterly monetary policy meeting | Policymakers lowered the key rate by 25 basis points to 2.5%. ◼️ The Central bank of Chile cut its benchmark interest rate at yesterday’s monetary policy meeting | policymakers voted unanimously to lower the key interest rate by 25 basis points to 5%, as expected by economists. ------------------------------------------------- Information contained in this publication is compiled from industry sources which we consider to be accurate and reliable at the time of publication. The information provided does not constitute advice and it should not be relied on as such. Crown Agents Bank Ltd accept no liability for the impact of any decisions made based on the information provided in this publication
