The National Bank of Kazakhstan has lowered the base rate for the third time this year. According to Daniyar Akishev, the head of the Central Bank, the base rate this time was reduced from 9.5% to 9.25% with the corridor +/- 1%. He noted: “This decision was based on mid-term estimates, suggesting a slowdown in inflation by the end of this year and next year, falling inflation expectations, as well as maintaining a favorable overall situation in foreign markets”. The annual inflation rate in March was 6.6%. The growth of real monetary incomes of the population moved to a positive zone, and the regulator expects an increase in domestic demand. The head of the Central Bank noted the positive dynamics of economic activity and said that the policy of gradual reduction of the base rate would continue in 2018.
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 ...
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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 ...