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The increase in the rate of the Bank of England in August is expected by less than 55% of analysts who took part in the Bloomberg survey, while in May their share was 60%. The protocols of the June meeting of the Bank of England, which will take place this week, may lay the foundation for raising rates later in summer from 0.5% to 0.75%. Investors estimate the probability of a rate hike in August at about 50%. The agency notes that the expectations of policy tightening have declined due to weaker than expected data. Following the results of the first quarter, the GDP of the UK increased by 0.1% compared to the fourth quarter and by 1.2% in annual terms, noting the minimum growth rate since 2012. The forecast of the Bank of England for economic growth this year has been lowered from 1.8% to 1.4%.
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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 ...
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