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The National Bank of Kazakhstan kept the base rate at the same level – 9%, with the corridor +/- 1. The Central Bank also said that the rate on liquidity provision operations was maintained at 10%, the liquidity withdrawal rate – at 8%. The official refinancing rate is also left at the level of the base rate. Chairman of the National Bank of Kazakhstan Daniyar Akishev pointed to the risks of slowing down the rate of inflation reduction. He said: “The inflationary pressure from the domestic demand, which this year continues its recovery, and the indicator of the world economy as a whole are intensifying.”
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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