TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
The UK is taking steps to repay the �2bn debt it originally borrowed to finance the First World War. The debt had not previously been paid off because the Government has to pay relatively little interest on it, having paid a total of �1.26bn since 1917.
LONDON - Britain's government published proposals to give the Bank of England new legal powers to control residential mortgage lending on Thursday, but said it wanted more evidence before deciding on a BoE request to regulate lending to landlords.
Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off. The flash figure of 0.4% was up from 0.3% in September, Eurostat said.
Consumer confidence in the UK jumped three points for the third successive quarter to hit its highest level for seven years, according to the latest figures from Nielsen.