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The National Bank of Kazakhstan announced a decision to lower the base rate from 9.25% to 9% with an interest rate corridor of +/- 1. Such a move by the regulator is due to rising prices in foreign markets and a slowdown in inflation in the partner countries in the field of trade. The Central Bank notes a decrease in inflation in March of this year to 4.8% from 5.3% in December last year. Low inflation provided the basis for a further reduction in inflation expectations. Population incomes and business activity continued to grow. Investment in fixed assets in the first quarter increased by 7% in annual terms. Real money incomes of the population increased by 9.4% in January and February. In February, the consumer loan portfolio in the banking sector increased in annual terms by 13.5%.
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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