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The Bank of Canada, following the results of the meeting on Wednesday, decided to keep the interest rate unchanged at the level of 1.75%. The overnight rate target is kept at 1%. The regulator said that core inflation in the country remains close to 2%. Inflation in January fell to 1.4% amid falling gasoline prices. Nevertheless, the Canadian Central Bank expects for most of 2019 the inflation rate to remain slightly below the target of 2%. These factors, according to the regulator, justify keeping interest rates below the neutral range. For a timely response by means of a possible increase in interest rates, in the future the Central Bank will monitor the dynamics of household spending, as well as the situation in the oil market and in global trade policy.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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