Real GDP growth expected to strengthen in year ahead as price pressures ease
Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June
ESMA promises transition oversight group to support move to faster settlement
Two-thirds of countries had above-average employment rates
Emerging market emissions rise, offsetting advanced economy improvements
Falling energy prices providing relief from burst of inflation that reached double digits
Strong growth, declining inflation, and easing monetary policy to drive global output
Shorter settlement cycle has succeeded in reducing risk, freeing up capital
Stronger growth in U.S., China and India led the way
Inflation in Europe is now down to 2.2%, close to the bank’s target of 2%