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The Central Bank of Turkey, at the end of its meeting on Thursday, announced it had kept the weekly repo rate at 24%, finversia.ru writes. The decision of the Central Bank coincided with the expectations of most economists. The regulator noted that a significant increase in the rate at the previous meeting at 6.25 percentage points contributed to the restoration of some losses of lira. Since the beginning of this year, the rate has been raised by 11.25 percentage points. The Central Bank intends to continue to closely monitor the inflation forecast until its significant improvement, and so far will adhere to tight monetary 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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