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The Bank of England kept the base interest rate at 0.75% per annum, which is its maximum value since 2009. The volume of the bond buying program is kept at the level of 435 billion pounds sterling. The regulator also left unchanged the volume of purchase of corporate bonds of 10 billion pounds. The bank's report notes strong consumer spending and payroll data, and also points out that economic activity in the country has surpassed forecasts. Bank of England believes that the exit of the UK from the EU is the main risk factor for the forecast and notes the growing tension in trade and the increased volatility in emerging markets.
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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