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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone industrial production advanced more than expected in January
The seasonally adjusted industrial production recorded a rise of 2.10% on a monthly basis in January, in the Euro-zone, compared to a revised drop of 0.50% in the previous month. Markets were anticipating industrial production to climb 1.70%.
Canadian house price index registered a rise in February
In February, on a MoM basis, the house price index in Canada advanced 0.60%. The house price index had registered a drop of 0.10% in the prior month.
BoJ maintains its monetary policy steady
The BoJ, as widely expected, kept interest rate unchanged at the conclusion of its two-day monetary policy meeting. In a statement accompanying the policy decision, the central bank stated that Japan’s economy continues to recover moderately as a trend, although exports and production have been impacted mainly due to the effects of slowing growth in emerging markets. The BoJ also removed language from its statement that it would cut interest rates further into negative territory if needed, and added it would exempt money reserve funds from the negative rates policy.
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