The ECB should be ready to reduce the cost of borrowing to just below 2% per annum in order to offset the risks caused by global trade conflicts, said Pierre Wunsch, head of the Central Bank of Belgium. According to him, the current economic uncertainty and the resulting shocks require additional support. As one of the steps, Wunsch mentioned a reduction in the deposit rate, which has already been reduced by the ECB from 4% to 2.25% since June last year.Wunsch's statements indicate a revision of... Více
The survey issued on Monday showed the lowest decline of business leaders’ confidence towards the U... Více
The annual inflation rate in the Eurozone rose to 2.1 percent in July, according to the European... Více
Treasury and Finance Minister Berat Albayrak of Turkey had excluded controls on capital movement as... Více
The inflation rate of Britain increased in July for the first time this year. Although there are... Více
The American economy continues to have a booming retail sales and productivity exceeds its... Více
Import costs of the U.S. were kept the same in July with the surge of fuel costs that balanced out... Více
The Ficci's Economic Outlook Survey issued on Tuesday showed that the Indian economy would... Více
China’s economy has signs of cooling further amid the difficulty of U.S. trade tariffs while there a... Více
The American economy is expected to boost by 3.1 percent this year due to increase in government... Více
The Reserve Bank of New Zealand released the forecast of interest rates from a one-year record low... Více
The Gross Domestic Product (GDP) growth rate of the United Kingdom for the April- June quarter is... Více
With rising inflation at hand, the central bank needs to tighten the monetary policy little by... Více
The economic recovery of South Korea was restricted by the sluggish domestic demand despite the... Více
The industrial order of Germany plunged lower in June, as the biggest drop for almost a year and a... Více
Wages for workers in Japan had a significant increase in June due to the huge amount of summer... Více
New jobs of 157,00 were added in the previous month by the U.S. employers, lesser than anticipated,... Více
The economic report of Singapore for the second quarter of the year is expected to be release on... Více
Japan’s services sector activity had slightly slowed down in July compared to the month of June, c... Více
The central bank of Mexico is presumed to keep their interest rates strong following a strong climb... Více
According to a survey on Wednesday, stronger new orders and increased in output supported the... Více
Japanese manufacturing activity is slower than the July forecast as reported on Wednesday which... Více
The factory activity of South Korea declined for the fifth time in July and recorded as the worst... Více
The survey on top economists shows that experts are expecting for the Bank of England to lift its... Více
Indonesia’s annual inflation rate in July will probably rise slightly because of higher food costs a... Více
US Treasury Secretary Steven Mnuchin stated his growth outlook for the American economy, he... Více
U.S. economic advisor Larry Kudlow anticipates that the GDP for the second quarter will have a... Více
With the global uncertainty concerns, the European Central Bank is expected to have a... Více
The BRICS (Brazil, Russia, India, China and South Africa) leaders will have a three-day meeting in... Více
India and Uganda made a deal to expand bilateral cooperation in terms of defense and economy after... Více
Consumer confidence in the eurozone remained the same in July, signifying steadfast growth in the... Více
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