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Following the results of the meeting in March, Norges Bank decided to raise the key interest rate from 0.75% to 1% per annum. This is the second rate increase since September last year. Until September, there have been no changes for seven years. The message from the Central Bank states that the bank is likely to raise the rate again within the next 6 months, based on its current assessment of the forecast and the balance of risks. The Central Bank intends to continue to increase the cost of lending against the background of stable growth of the country's economy, which is ahead of many European countries. Economic growth in Norway is supported by higher oil prices. Unemployment is below 4%. Core inflation has almost reached the target level of the Bank of Norway - 2%.
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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