Search Results for: economy
Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy
March 4th, 2015
It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing ...
Dollar clings near 11-year high ahead of U.S. data, ECB
March 4th, 2015
The dollar held firm near an 11-year high versus a basket of major currencies on Wednesday, as investors awaited U.S. economic data and a European Central Bank meeting later this week for fresh clues on policy direction. The dollar index edged ...
Six Reasons Why Economists Should Say Less About “Competition”
March 3rd, 2015
A short essay of mine titled “The Blurry Line Between Competition and Cooperation,” was published a month ago at the Library of Economics and Liberty website. I argued that the rule-based competition in economic markets is inextricably intermingled with ...
GFG Market Insight – Oil: Will It Go Lower Yet?
March 3rd, 2015
In brief: Crude oil’s various charts suggest that the effects of its recent crash have yet to play out fully and that crude oil may drop to between $30 and $35/barrel in the near/medium-term and perhaps much lower over ...
Indirect tax rates continue to soar across the globe as governments devise new levies
March 3rd, 2015
Value-added tax (VAT) rates surge to a high of 21.6% in EU Member States More countries levying VAT, particularly in emerging markets Governments introduce new taxes on health products and e-commerce As VAT rates continue to rise, governments are ...
Spain says third bailout for Greece seen at EUR 30-50 bn
March 3rd, 2015
Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros ($34-55 billion). European officials have estimated that Greece’s financing ...
ECB meeting preview: What traders should expect from it
March 3rd, 2015
DESPITE a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January ...
Greek government searches for funds amid fresh speculation about third bailout
March 3rd, 2015
The government on Monday scrambled to find ways to raise much-needed funding amid renewed speculation about a third bailout for Greece. Finance Minister Yanis Varoufakis met with his deputies and other officials to discuss ways of covering the country’s ...
Taxpayers benefit from Lloyds dividend
March 2nd, 2015
Lloyds Banking Group has paid its first dividend to shareholders since it was bailed out in 2008, a total of £535 million. In what Chancellor George Osborne has called a ‘major milestone’ for the British economy, the Treasury’s 23.9% ...
ICAP response to the Fair and Effective Markets Review
March 2nd, 2015
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, has submitted its response to the Bank of England’s Fair and Effective Markets Review (FEMR). The consultation looks at the effectiveness of ...
