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Author Archives: Top News Editor

UK CBI Forecast Subdued GDP Growth In Coming Years

The Confederation of British Industry forecast a steady, but subdued economic growth for the UK over the next couple of years as the country faces several headwinds. In its latest economic forecast, released Tuesday, the business lobby said British businesses ...

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RBA Minutes: Economic Growth Expected To Remain Gradual

Members of the Reserve Bank of Australia’s Monetary Policy Board said that the country’s economic growth rate is expected to continue gradually over the next few years, minutes from the bank’s June 6 meeting revealed on Tuesday. Read Full Story

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Silvana Tenreyro Appointed To Bank Of England MPC

An economics professor Silvana Tenreyro is set to replace Kristin Forbes on the Bank of England’s rate-setting body, the HM Treasury announced on Monday. Tenreyro, who is a professor at the London School Economics, was appointed as an external member ...

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U.S. Housing Starts Unexpectedly Slump 5.5% In May

New residential construction in the U.S. unexpectedly showed a steep drop in the month of May, according to a report released by the Commerce Department on Friday. The report said housing starts slumped by 5.5 percent to an annual rate ...

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Russia Trims Rate By 25 Bps, Signals More Cuts

Russia’s central bank lowered its key interest rate for a third time this year on Friday and signaled more reduction in future, as inflation approaches its 4 percent target. The Board of Directors decided to reduce the key rate to ...

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Japan Leaves Monetary Stimulus Unchanged

Japan’s central bank maintained its monetary stimulus on Friday and upgraded its view on consumption. The Bank of Japan policy board, led by Governor Haruhiko Kuroda, voted 7-2 to retain the central bank’s target of raising the amount of outstanding ...

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