Czech National Bank keeps interest rates on hold

Aug 04, 2016 12:27 pm UTC| Commentary Central Banks

The Czech National Banks Board kept the interest rates on hold today during its meeting. The central bank kept the repo rate at 0.05 percent, the discount rate at 0.05 percent and the Lombard rate at 0.25 percent. The...

Bank of England announces aggressive monetary and quantitative easing steps

Aug 04, 2016 12:23 pm UTC| Insights & Views Central Banks Commentary

Bank of England Monetary Policy Committee voted unanimously to cut interest rates by 25 basis points to a new record low of 0.25 percent as widely expected by the markets. This was the central banks first cut since 2009....

Italy retail PMI witnesses sharp decline in July as sales growth underperforms

Aug 04, 2016 12:21 pm UTC| Commentary

Italys retail sectors Purchasing Managers Index (PMI) declined sharply in the month of July as sales growth underperformed during the period, albeit the least since March. Julys decrease in retail sales was seventh in...

Eurozone business activity expands faster than expected in July

Aug 04, 2016 12:07 pm UTC| Commentary

Business activity in the Eurozone expanded at a much faster rate in July as the region seems to have shrugged off the after-effects of Britains vote to leave the European Union, a private survey showed...

Indian parliament passes key tax reforms

Aug 04, 2016 11:55 am UTC| Commentary

TheIndian government has been successful to pass the much awaited Goods and Services Tax bill through the parliament, which is considered by many as the most significant reform since the 90s. The bill has been debated by...

German industrial output likely to have grown 1.1 pct in June

Aug 04, 2016 11:54 am UTC| Commentary

Germanys industrial production is likely to have grown in June. It recorded solid growth in the years beginning; however, it has been quite muted in the second quarter. The countrys industrial output is expected to have...

UK gilts rally as BoE slashes interest rates, widens QE net

Aug 04, 2016 11:49 am UTC| Commentary

The UK gilts rallied Thursday as the Bank of England, in its monetary policy meeting, lowered its key interest rate by 25 basis points to 0.25 percent. It has also announced to increase the quantitative easing by an...