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For the first time since February 2016, the National Bank of Kazakhstan raised the base rate to 9.25% per annum with a +/- 1% corridor. The increase was 0.25%. This was reported by the regulator on Monday. The chairman of the Central Bank of Kazakhstan, Daniyar Akishev, who earlier spoke about a possible rate increase before the end of the year, noted a growing uncertainty in inflation expectations, pointing out that currency fluctuations affect inflation. According to him, the National Bank will continue to monitor the risks of inflation, its compliance with the target corridor. The regulator expects that inflation for the current year may be near the upper limit of the target corridor at 7%.
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 ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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 ...
KYC Policy