Economic Events

Highlights: Bank of England rate setters speak in parliament

Highlights: Bank of England rate setters speak in parliament

Published 17/10/2017

Members of the Bank of England interest rate setting committee were speaking in parliament on Tuesday. They also supplied statements to the Treasury Committee. Below are some of their comments: [more…]

Bank of England`s Ramsden says in no hurry to raise interest rates

Bank of England`s Ramsden says in no hurry to raise interest rates

Published 17/10/2017

New Bank of England Deputy Governor Dave Ramsden said on Tuesday he was in no hurry to vote for an interest rate hike because he saw little sign of inflation pressure building in Britain's labor market. [more…]

U.N. urges Bangladesh to move Rohingya refugees stranded at border

U.N. urges Bangladesh to move Rohingya refugees stranded at border

Published 17/10/2017

The U.N. refugee agency urged Bangladesh on Tuesday to speed up vetting of up to 15,000 Rohingya refugees "stranded" near the border after crossing into the country from Myanmar and move them further inland to safety and better conditions. [more…]

Inspection battle threatens Egypt`s wheat supply

Inspection battle threatens Egypt`s wheat supply

Published 17/10/2017

Wheat shipments to Egypt, the world's largest buyer, are being disrupted by a dispute involving government inspectors angered by a ban on the expenses-paid foreign trips they once enjoyed to approve cargoes at their ports of origin. [more…]

Islamic State in Raqqa mounts last stand

Islamic State in Raqqa mounts last stand

Published 17/10/2017

U.S.-backed militias will capture Islamic State's last foothold in the jihadists' former Syrian capital of Raqqa within hours, a militia spokesman said on Tuesday. [more…]

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Published 17/10/2017

The leader of Britain's main opposition Labour Party, Jeremy Corbyn, and other politicians could lose their seats if proposals to "cut the cost of politics" go ahead, a report suggested on Tuesday. [more…]

Accelerating inflation points to likely ECB monetary policy change: ZEW

Accelerating inflation points to likely ECB monetary policy change: ZEW

Published 17/10/2017

Accelerating inflation bodes well for the German economy and makes it more probable that the European Central Bank will alter its ultra-loose monetary policy, the ZEW research institute said on Tuesday. [more…]

Greek economy in recession in 2016: statistics agency

Greek economy in recession in 2016: statistics agency

Published 17/10/2017

Greece's economy contracted by 0.2 percent last year, the head of statistics service ELSTAT said on Tuesday, releasing its second estimate of full-year 2016 gross domestic product. [more…]

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Published 17/10/2017

India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalize banks, an adviser to the prime minister said on Tuesday. [more…]

ECB`s Constancio says time to take bubble-bursting `more seriously`

ECB`s Constancio says time to take bubble-bursting `more seriously`

Published 17/10/2017

It is time that authorities in Europe and the other rich parts of the world take the fight against financial bubbles "more seriously" or risk facing another financial crisis, the vice-president of the European Central Bank said on Tuesday. [more…]