- Fed cuts rates by 25 basis points
The Federal Reserve cut interest rates by 25 basis points. This is the second time this year. The decision was taken due to the growing risks and uncertainties arising from commercial tensions and a slowdown in the global economy.
- In July, large btp purchases from abroad
Foreign investors made large purchases of Italian portfolio securities in July, 30.1 billion, of which 19.1 involved public securities. This was announced by the Bank of Italy in the balance of payments data.
- The BoE maintains a falcon line
The British central bank, as widely predicted by economists, unanimously decided to keep interest rates unchanged at 0.75% and purchases of government bonds at 435 billion pounds.
- Oil prices soar by 20%
Oil prices have risen by around 20%, with Brent posting the largest intraday gain since the 1991 Gulf War, after the attack on oil facilities in Saudi Arabia that halved the oil production of the kingdom.
- Inflation stable in August at 0.4%
In August, inflation stood at 0.4% in Italy, the same level as in July. This is what Istat said, revising down by one tenth the previous estimate (0.5%).
- Mutual funds: boom in bond subscriptions in July
The month of July closes with a collection of 47 billion euros for the European fund industry. The flows concerned bond funds in particular, which closed the month with a net balance between subscriptions and redemptions of 43.8 billion euros.