Jane Foley, senior currency strategist at Rabobank, says the Bank of Japan's monetary policy could work as it set its target with deflation and not inflation as previously tried in the U.K.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
The internet giant is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation. The Financial Times reports.
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
The euro will keep rising and will likely end the year at up to $1.50, as the European Central Bank pursues a highly deflationary policy, despite buying euro-denominated bonds, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com.
In the clearest calls yet by Federal Reserve officials to pump more cash into the economy, two Fed policymakers said Friday that more action would likely be needed unless the outlook improves.