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Member of the Bank of England, Gertjan Vlieghe, expects for the next three years the higher number of interest rate increases than the market suggests, Reuters reports. In his opinion, “interest rates will increase by 25-50 basis points per year during the forecast period”. The Committee on Monetary Policy of the Bank of England is considering the possibility of more detailed reports on the plans of the Central Bank regarding interest rates. At the same time, some members of the Committee are afraid that in this case the public can count the statements as obligations, not forecasts. The US Federal Reserve and the Central Banks of other countries regularly publish detailed forecasts of possible changes in rates.
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
KYC Policy