The latest review of current global financial markets by Prest Financial Services
The Bank of England held the official rate at 0.5% as expected. They have forecast that it will take a further 2 years for GDP to reach the level in 2007.
The Japanese Government has embarked on a policy of monetary stimulus, the size of which surprised everyone. It has achieved success so far in reducing the value of its currency and increasing the value of Japanese shares and property in the hope that this will stimulate growth in its economy. . The price of gold went down dramatically last week, as investors sought to realise their profits made over recent years.
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