Good day friends, short news from Australia economic news, Australia's Westpac-MI Leading Index Points To Sub-Trend Growth, So the leading indicator of Australia's economic activity suggested that the economy would continue to see below-trend growth in the coming three to nine months, a survey by Westpac Institutional Bank and the Melbourne Institute revealed Wednesday.
Some bad news came from Britania, U.K. Unemployment Rate Drops From 16-Year High, Unemployment rate in the U.K. dropped in the three months to February from a 16-year high, in a sign that the economy may be gradually recovering after a poor fourth quarter performance.
From Deutschland we reported, Germany Pays Record Low Yield For 2-year Debt, on previous news Germany's two-year borrowing costs fell to a record low in an auction on Wednesday in a sign of rising concerns over Spain.
Bank Of England Split On QE, Bank of England's Monetary Policy Committee (MPC) decided to maintain the size of the asset purchase programme through a split vote as one member called for an increase in stimulus, the minutes of the meeting showed Wednesday. Eight members of the committee, including Governor Mervyn King, voted to retain the quantitative easing at GBP 325 billion. David Miles continued to seek an increase in the asset purchase programme by GBP 25 billion to GBP 350 billion.
From Switzerland economic news we reported, Jordan Named SNB Chief, The Swiss government on Wednesday appointed Thomas Jordan as the new president of the Swiss National Bank
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