Search Results for: economy
On Bank of Russia key rate ( from 14.00 to 12.50%)
April 30th, 2015
On 30 April 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 14.00 to 12.50 percent per annum, taking account of lower inflation risks and persistent risks of considerable economy cooling. Amid ruble appreciation and significant contraction in consumer demand in February-April 2015, monthly ...
Cutting Russia off SWIFT banking network would be catastrophic — UniCredit representative
April 30th, 2015
In case of a cut-off, Russia will be much more effective in adopting a different system of payments, maybe in cooperation with China, and many Western banks will collapse The idea of cutting Russia off the SWIFT international banking ...
China Rate Swap Has Biggest Monthly Drop Since ’08 as PBOC Eases
April 30th, 2015
China’s interest-rate swaps were headed for the biggest monthly drop since 2008 as the central bank steps up monetary easing in support of the economy. The People’s Bank of China lowered lenders’ reserve requirements in April by the most ...
The Financial Markets Now Control Everything
April 29th, 2015
The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets. The financial markets don’t just dominate the economy–they now control everything. In 1999, the BBC broadcast a 4-part ...
Cyprus, Greece, Egypt agree to boost economic and political cooperation
April 29th, 2015
The leaders of Cyprus, Greece and Egypt agreed on Wednesday to augment economic and political cooperation among their respective nations, underlining their commitment to peace and stability in a troubled region. “Today we have reaffirmed that the trilateral dialogue ...
Riksbank purchases government bonds for a further SEK 40-50 billion
April 29th, 2015
Riksbank purchases government bonds for a further SEK 40-50 billion, lowers the repo-rate path significantly and holds the repo rate at −0.25 per cent The expansionary monetary policy is having a positive impact on the Swedish economy and inflation ...
Bank of Thailand: Monetary Policy Committee’s Decision on 29 April 2015
April 29th, 2015
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on 29 April 2015 as follows. The committee voted 5 to 2 to reduce the policy rate by 0.25 percentage point from 1.75 ...
Dollar near 2-month low ahead of U.S. GDP, Fed policy statement
April 29th, 2015
* Dollar index hovers near its lowest level in 2 months * Euro flirts with $1.10, Aussie back near 80 U.S. cents * Investors await U.S. GDP, Fed outcome The dollar wallowed near a two-month low against a basket ...
Cyprus Central bank head says ready to act if Greece spills over
April 28th, 2015
Central bank governor says Cyprus and Greece decoupling Georghadji says Cyprus no longer at high risk from Greece Cyprus is ready to react to any spillover from the crisis in Greece, the governor of the island’s central bank said ...
Greek PM A. Tsipras met with voters in jumbo interview (Video)
April 28th, 2015
Greek Prime Minister A. Tsipras’ interview ran from 11.30 p.m. through to 2.36 a.m. and involved him directly answering voters’ questions Greek Prime Minister Alexis Tsipras appeared confident that an “interim agreement” would be agreed upon with Greece’s partners ...
