Czech National Bank rates should remain as they are, according to vice-governor Ludek Niedermayer. Against-inflation pressures can be identified, according to Mr. Niedermayer, but one should not overestimate the influence of economy demand growth on inflation.
Troubles of mortgage offering companies, in relation to increasing number of unpaid mortgages, could negatively influence other sectors of US economy, according to Alan Greenspan, former FED boss. According to him, the reason is a decline of real estate prices with overheated market correction.
Ministers of OPEC member states agreed yesterday to leave exploration limits unchanged. Oil prices did not change much after this meeting.
Production prices index in the USA increased by 1.3% last month after lowering of 0.6% in January. Year-on-year inflation in production prices accelerated from January’s 0.2% to 2.5%.
Consumer prices in Eurozone increased by 0.3% in February because of seasonal increase of holiday prices. Inflation remained at 1.8% y/y.