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... Baca Lagi
Oil refineries around the world have begun to suspend production or reduce refining volumes, as... Baca Lagi
The coronavirus pandemic remains the main news of the day. The disease continues to spread,... Baca Lagi
The mood in the German business community deteriorated significantly in March amid concerns about... Baca Lagi
Energy experts fear that global oil storages may overflow during several months due to falling... Baca Lagi
Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds... Baca Lagi
Since the beginning of 2020, the Chinese economy has experienced the most severe recession in the... Baca Lagi
The European Union decided to create an investment initiative of €37 billion as part of a package o... Baca Lagi
According to the results of the European Central Bank (ECB) meeting, the regulator left key... Baca Lagi
The Bank of England unexpectedly lowered its base interest rate in an attempt to support the... Baca Lagi
Saudi Arabian State Oil Company Saudi Aramco intends to increase oil supplies to 12.3 million... Baca Lagi
The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic... Baca Lagi
The Bank of Canada cut its key rate from 1.75% to 1.25% amid a rapidly spreading outbreak of... Baca Lagi
The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%,... Baca Lagi
The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The... Baca Lagi
According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since... Baca Lagi
A key market indicator of long-term inflation expectations in the eurozone fell to a record low... Baca Lagi
Major European stock indexes on Thursday evening accelerated the pace of decline and are already... Baca Lagi
The German Institute for Economic Research DIW reported that Germany’s economy is close to s... Baca Lagi
Italy warned the EU that it could require substantial assistance if the unexpected spread of... Baca Lagi
Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the... Baca Lagi
Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow... Baca Lagi
According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in... Baca Lagi
Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary... Baca Lagi
In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the... Baca Lagi
According to the US Federal Reserve, the volume of industrial production in the United States in... Baca Lagi
According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year,... Baca Lagi
Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve... Baca Lagi
The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from... Baca Lagi
Today, Gold quotes rose to a week maximum, reaching $ 1,580 per troy ounce. The precious metal is... Baca Lagi
According to the U.S. Department of Labor, the number of Americans applying for unemployment... Baca Lagi
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