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The Central Bank of the Philippines following the results of the meeting on Thursday raised the key rate of reverse REPO by 50 basis points to 4.5%. Forecast of 14 out of 15 experts who had participated in the Reuters poll, coincided with the decision of the regulator. Over the past 5 months, the rate has been increased 4 times already. During this period, it grew by 150 basis points. With the help of a rate hike, the regulator is trying to ease inflation and support the national currency. In August, inflation in the country reached a maximum of more than nine years in 6.4% against a backdrop of higher taxes and the weakening of the peso. The prices for food and fuel showed the largest increase in August.
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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