Naples is the setting for October's ECB meeting

European Central Bank president Mario Draghi is set to reveal details of an ambitious plan to buy hundreds of billions of euros of repackaged debt in order to kick-start bank lending. The ECB’s monthly press conference, held in Naples, Italy, takes place against a backdrop of growing concern about economic stagnation as growth in the eurozone stutters to a halt.

By Ralph Atkins and Claer Barrett

 

Treasury Select Committee...Bank of England governor Mark Carney answers questions in front of the Treasury Select Committee in the House of Commons, central London, on the subject of the Bank of England's quarterly inflation report and Scottish independence. PRESS ASSOCIATION Photo. Picture date: Tuesday March 11, 2014. Later today he will answer questions on the 'Economics of currency unions' and the Bank's Foreign Exchange Market Review. See PA story ECONOMY Bank. Photo credit should read: PA Wire

The Bank of England will weigh the weakness of Britain’s wage growth against the strength of its economic recovery when it delivers fresh forecasts in its quarterly inflation report on Wednesday morning, containing signals about when a rise in interest rates is likely.

<To be delivered in tandem with the latest UK employment data, the BoE’s estimates of the amount of slack in the economy will be one of the most closely watched metrics. At the last quarterly inflation report in May, the BoE estimated the amount of spare capacity was between 1 – 1.5 per cent, judging there was room for this to narrow further before rates tightened.

By Sarah O’Connor and Claer Barrett

 

The success of a football match, traditionally measured by who scores the most goals, can now also be measured by who scores the most tweets.

Twitter said that last night’s final between Germany and Argentina generated a new “tweets per minute” record, with a peak TPM of 618,725 World Cup related tweets as the final whistle blew.

During the final, the second-highest TPM of 556,449 occurred when Germany’s Mario Götze scored the winning goal against Argentina – the aftermath of which can be seen in Twitter’s real-time interactive animation of World Cup tweets during extra time, with much of the world lighting up in white in the seconds after the goal: