The Bank of England retained the benchmark interest rate at 0.5% per annum. The volume of the program of redemption of state bonds is left at the level of 435 billion pounds, the volume of purchase of corporate bonds - at the level of 10 billion pounds. The regulator lowered the UK's GDP growth forecast for 2018 to 1.4% from the previously expected 1.8%. The forecast of economic growth for 2019 and 2020 is kept at 1.7%. It is expected that inflation in the country will slow down more rapidly and in the second quarter of 2020 and in 2021 will fall to a target level of about 2% compared to 2.5% in March 2018. Following the results of the meeting on May 10, the Central Bank said that in the coming years “only a limited tightening” of monetary policy will be required, so traders are waiting for the next rate increase by the Bank of England only in February 2019.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...