Neville Prior

The Irony of It All

Neville Prior  30 January 2015 03:14:17 PM
Today sees two financial headlines. The first that Eurozone deflation is gathering pace and has got to a level of -0.6%. The second says that Russia has reduced its interest rate from 17% to 15% as inflation has stabilised. The irony of it all, Russian issues relate to Western sanctions and reducing oil prices, whilst Europe's are somewhat similar.
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