Current Affairs Global - 1 November 2014

1. Inflation in the eurozone increased marginally to 0.4% in October compared to 0.3% inflation in September. This will reduce fear about deflation in the region.


Also the Eurozone unemployment rate remained unchanged at 11.5% in September compared to previous month of August. The ECB has already reduced its benchmark interest rate to 0.05% to boost growth across the region.


2. Japan's central bank has announced an aggressive asset buying programme of 80 trillion yen or USD 726 billion) from its previous programmed of 60-70 trillion yen. This move is expected to help Japan to come out of deflation. All the stock market indexes jumped to record-high post this announcement.