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This is Money
Bank of England Governor Mervyn King said he has an open mind on whether to inject more money into the economy, as the UK has only 'just started' along the road to recovery.
Bank of England's Mervyn King says UK only just started on recovery road
Interest rates could stay at record lows of 0.5 per cent throughout next year to underpin a UK recovery, experts said today. Markets had expected a rate hike in the third quarter of 2010 with borrowing costs standing at 1.5 per cent or more by the end of the year - but the Bank's forecasts say inflation will undershoot the 2 per cent target if this happens.
Low interest rates to 'last throughout 2010'
US workers are overpaid relative to equally productive foreigners. If the global economy is to get back into balance, that gap needs closing.
A still lower dollar could be good for the world
Chinese industrial output in October accelerated at its fastest rate in seven months, according to figures released on Wednesday. Analysts are now cautioning that sort of rebound will only heighten pressure on China to appreciate its currency versus the US dollar as exports rebound and domestic focus once again is forced to turn to inflation.
Chinese yuan appreciation pressure mounts
Rising oil prices could dampen the steadily strengthening demand for crude amid the fragile beginnings of economic recovery, the cartel of the world's biggest oil-producing countries warned yesterday.
Rising oil price could stall recovery, warns Opec
Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run. "There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.
Barrick shuts hedge book as world gold supply runs out
Japanese government bonds - not a topic that normally fires up commentators and investors - are moving increasingly into the spotlight following - shock, horror - warnings about a possible credit rating downgrade to Japans sovereign debt.
More fun with JGBs, more headaches for Japan
During a speech to investors, Sheikh Mohammed bin Rashid Al Maktoum turned from Arabic to English to deliver a strong reassertion of national unity, saying: To the people who nag about Dubai and Abu Dhabi, shut up!
Dubai tells skeptics to shut up