Eurozone inflation data set to come out in just over an hour ahead of the ecb decision tomorrow. We expect mario draghi to announce fresh stimulus to get closer to that mark of 2 inflation. Francine lets get straight to hans nichols in berlin. What are we expecting . Thed this surprise change way the ecb is thinking . Hans potentially. The expectations are for 0. 2 inflation increase. It would have to surprise considerably on the upside for mario draghi to scale back all the signaling hes done that he will expand the size and scope of quantitative easing. You look at the surveys we have. Expectmber, about 80 the duration to be lengthened. Beyond december 2016, a lot more expect the size of the assets to be purchased. A greater percent expect it to include other types of bonds. Maybe dipping into the state bonds here in germany. Certain point, you may run out of bonds to buy. That has been a concern. Those are the numbers we have going in. It bears mentioning that 0. 2 inflation isnt al
Betty hello. Im betty liu. Welcome to bloomberg best. An indepth report of news around the world. Lets begin with a day by day review of the weeks top stories. Starting on monday, when the imf welcome the chinese currency. The inclusion of the rmb is recognition of the significant reforms, which have been conducted. Of the significant opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, youre looking at the total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. And a for
Betty hello. Im betty liu. Welcome to bloomberg best. A weekly look at the most Important News around the world. Lets begin with a day by day review of the weeks top stories. Starting on monday, when the imf welcomed the chinese currency. The inclusion of the rmb is recognition of the significant reforms, which have been conducted. Of the significant opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, youre looking at the total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial m
Hello. Im betty liu. This is bloomberg best. Lets begin with a day by day review of the weeks top stories. Starting on when the imf welcome monday, the chinese currency. Inclusion ofon and it in the basket of currencies is a recognition of the significant reforms which have been conducted, of the opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, you are looking at a total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. And a formal recognition of a very Important Rol
Betty hello. Im betty liu. Welcome to bloomberg best. A weekly look at the most news around the world. Lets begin with a day by day review of the weeks top stories. Starting on monday, when the imf welcomed the chinese currency. The inclusion of the rmb is recognition of the significant reforms, which have been conducted. Of the significant opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, youre looking at the total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. And