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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE keeps interest rate decision and bond buying programme steady
The BoE, in its latest monetary policy decision, kept its benchmark interest rate unchanged at 0.10% and maintained its bond buying programme at £745 billion, as widely expected. However, the policymakers indicated that outlook for the British economy remains unusually uncertain and hinted that the bank was considering negative interest rates, due to rising covid-19 cases and Brexit risks.
Euro-zone CPI declined as expected in August
In the Euro-zone, the final CPI eased 0.20% on a YoY basis in August, at par with market expectations and compared to a rise of 0.40% in the previous month.
Euro-zone construction output rose in July
In the Euro-zone, seasonally adjusted construction output registered a rise of 0.20% on a MoM basis in July, compared to a revised rise of 5.10% in the previous month.
US building permits dropped in August
In the US, building permits fell 0.90% on a MoM basis in August, compared to a revised rise of 17.90% in the previous month.
US housing starts dropped in August
In the US, housing starts registered a drop of 5.10% on a MoM basis in August, compared to a revised growth of 17.90% in the previous month.
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