01/17/2012

Global Weekly Flash: Some relief in European sovereign risk premium (including Chinese edition)

Some relief in European sovereign risk premium

• ECB and BOE hold interest rates, as expected, but the former let the door open for a
  rate cut. In Emerging Markets, easing inflation in China paves the way for more
  policy easing, while in Latam the Chilean Central Bank joints the Brazilian in a
  preemptive move despite high inflation

• Economic data showed that the US activity continues improving but at a moderate
  pace while in the EZ there are signs of a mild recession