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The Bank of England at its meeting on August 2 decided to increase the base interest rate by 0.25 percentage points to 0.75%. The regulator first unveiled its vision of a neutral rate level, in which monetary policy will neither stimulate nor slow down economic activity in the country. The Bank of England believes that this level is in the range of 2% to 3%. Bank experts expect that the GDP growth in the UK will accelerate in the second quarter after a weak start of the year and an increase in the economy by 1.4% over the year. According to their estimates, the average annual growth rate of GDP until 2020 will be 1.75% per year. Inflation in the current year is expected at 2.3%, next year - at 2.2%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
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