Japanese central bank left interest rates unchanged at 0.5%. This has been expected as BoJ is waiting with further increase of interest rates for economic growth due to possible impact of US mortgage crisis.
According to a revised estimation by the Ministry of Finance the budget will end in deficit of 81 billion this year as opposed to the approved 91.3 billion CZK. The revision was caused by higher tax income.
According to HN trade unions will request a rise in wages by at least 7% next year. They reason with expected inflation of more than 5%. CNB says a rise of 8% is the maximum limit.
Consumer inflation in Hungary has decreased to 6.4% in December compared to 8.3% in August. The marked expected even lower decrease, to 6.2%.
In Slovakia, inflation in September has reached 2.8%, month-on-month prices grew by 0.2%. The result is slightly above the market consensus.
According to Greenspan, the former director of Fed, US house prices will almost certainly drop and could lower consumer costs. Problems on loan market in previous months could also have impact on American economy.