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👤Arthur Greene
🕔December 12, 2016
Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.
Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…
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👤Xinyang
🕔November 17, 2016
News Event
From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the seventh time during its November 2016 meeting, saying the labor market has continued to strengthen and growth of economic activity has picked up.…
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👤Xinyang
🕔November 2, 2016
News Event
From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the seventh time during its November 2016 meeting, saying the labor market has continued to strengthen and growth of economic activity has picked up.…
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Bank of England Kept Interest Rates Unchanged
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👤Xinyang
🕔September 16, 2016
News Event
From Trading Economics: The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on September 15th 2016, in order to bring inflation back to 2% target and to support growth and employment.…
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👤Xinyang
🕔August 28, 2016
News Event
From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the fifth time during its July 2016 meeting. Policymakers said that the labor market strengthened and near-term risks to growth decreased, suggesting a rate hike is still possible this year although dependent on incoming economic data.…
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Interest Rate Cut by RBNZ as Expected
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👤Xinyang
🕔August 11, 2016
The RBNZ lowered its official cash rate by 25bps to 2 percent in August, saying the strong New Zealand dollar is adding further pressure to the export and import-competing sectors and, together with low global inflation, is causing negative inflation in the tradable sector.…
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GBP/USD Slides as BOE Cuts Rates
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👤Xinyang
🕔August 4, 2016
Fundamental brief overview
GBP/USD slides as the BOE lowered interest rates for the first time since 2009, from 0.50% to a historic low of 0.25%. The BoE has also expanded its asset-purchase program for the first time since July 2012, from GBP 375 billion to GBP 425 billion pounds. …
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BOE Cuts Interest Rate to 0.25%
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👤Xinyang
🕔August 4, 2016
The Bank of England MPC voted unanimously to cut interest rate to 0.25% on August 4th 2016, the first rate cut in seven years, in order to provide additional support to growth and to achieve a sustainable return of inflation to 2% target.…
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Australia Cuts Interest Rate to Fresh Record Low of 1.5%
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👤Xinyang
🕔August 2, 2016
During the meeting held on August 2nd, the Reserve Bank of Australia decided to lower the cash rate by 25bps to a fresh record low of 1.5%, which will be effective from 3rd August 2016. While highlighting that inflation in Australia to be quite low for some time, policymakers judged prospects for sustainable growth in the economy would be improved by easing monetary policy.…
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