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  • G7 delivers talk, little action

    Finance ministers from the G7 approved policies that led to a stronger US dollar and the yen to plunge over the weekend, as economic strategy and European banking union talks stalled.


  • Business indicators suggest UK economy will grow at Q2 start

    The latest available business indicators suggest the UK economy may be driven upward in the second quarter not only by its robust services sector, but also by strengthened activity in manufacturing and construction industries.


  • UK economy still fragile despite GDP jump and healthier finances

    Britain has experienced modest relief this week. The economy expanded 0.3% in the first quarter and the burden of public sector borrowing eased in the 2012-13 fiscal year. Still, there is little room for optimism.


  • Carney arrives in UK to face economy marred with stagflation

    Mark Carney, the current Bank of Canada governor, arrives in London in July to replace retiring Governor Mervyn King to become the first foreigner to occupy the highest seat at the BoE. Despite much hope for change, Carney may face tough challenges at the beginning of his tenure.


  • Britain faces stagflation in times of prolonged austerity

    Prolonged fiscal cuts, both domestic and European, as well as persistently higher inflation and weak growth, are set to keep Britain in a prolonged period of stagflation, as a new study undermines austerity measures.


  • Dovish group of MPC members keeps its pro-QE appetite

    Bank of England's Monetary Policy Committee policymaker David Miles says Britain still needs a "very, very expansionary monetary policy" in order to recover from its economic slump and slow recovery.


  • Slovenia on verge of banking crisis

    After being hit hard by a deep recession caused by reform backlogs, EU member Slovenia is on the verge of a severe banking crisis.


  • Weak macro fundamentals fuel fears of UK triple-dip recession

    The UK GDP final estimate confirmed on Wednesday that the economy remained fragile at the end of last year, with weaker macroeconomic data fuelling concerns of a triple-dip recession.


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Central Banks

Bank Current Next Changed
FED 0.25% 06/19/2013 12/16/2008
ECB 0.50% 06/06/2013 05/02/2013
BOJ 0.10% 05/22/2013 12/19/2008
BOE 0.50% 06/06/2013 03/05/2009
BOC 1.00% 05/29/2013 09/08/2010
RBA 2.75% 06/04/2013 05/07/2013
RBNZ 2.50% 06/12/2013 03/10/2011
SNB 0.00% 06/20/2013 08/03/2011
PBOC 6.00% - 07/05/2012
RBI 7.25% 06/17/2013 05/03/2013
CBR 8.25% 06/15/2013 09/13/2012