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The Central Bank of Azerbaijan has kept the discount rate at the level of 10%, the lower threshold of the interest corridor is kept at 8%, the upper one - at the level of 12%. This was stated by the Chairman of the Board of Directors of the Central Bank, Elman Rustamov, at a press conference. He noted that since the beginning of 2018, the balance of payments surplus remains the same, the inflation rate is below the predicted corridor, as well as the positive dynamics of economic growth. At the same time, the head of the Central Bank pointed out the possible emergence of inflation risks in the short and medium term due to a number of external factors and fiscal policy that limit the ability to mitigate monetary conditions.
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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