Economics

Think local

Indian equities stood out in Asian trading overnight after the Reserve Bank of India (RBI) announced a surprise cut to interest rates in order to combat falling inflation.

This year will see investors finally lose faith in the notion that policymakers are in control of global economic events, according to 'permabear' investor Marc Faber.

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

The sharp fall in the UK inflation rate is not cause for concern, Chancellor George Osborne will say in a speech later today.

Figures released this morning by the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. We round up the reaction from leading investors and economists.

UK consumer price inflation has fallen to a 15-year low of just 0.5%, driven by plunging oil prices.

The price of a barrel of Brent crude oil has dropped to below $46 in early trading, a fresh six-year low, as the commodity's collapse showed no sign of slowing down.

Nine challenges facing the eurozone

Tesco shares rose as much as 15% today after the retailer announced plans to save £1bn, prompting a wider rally for the troubled supermarket sector.