Bank of England at the end of the June meeting decided to leave the benchmark interest rate at 0.5% per annum, which coincided with the forecasts of analysts. The volume of buying government bonds is kept at the level of 435 billion pounds, the volume of purchase of corporate bonds - at the level of 10 billion pounds. Members of the Monetary Policy Committee, headed by Mark Carney, said they would not consider selling the debt securities acquired in the quantitative easing until the key rate reaches 1.5%. They noted that any reduction in the volume of assets on the balance sheet of the Central Bank would occur gradually and predictably.
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 ...