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Following the results of the meeting on Wednesday, the Central Bank of Canada retained the key rate unchanged at the level of 1.75% per annum. The previous rate change was in October of this year, when the Central Bank raised it from 1.5% to 1.75%. The regulator explained the decision not to change the rate by the fact that in recent years most of the major economies of the world slowed down their growth, and a significant drop in prices was observed in the oil market. At the same time, the Canadian regulator believes that the situation with trade conflicts has not cleared up. All these factors influenced the decision to keep the rate unchanged.
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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