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Economy And The Numbers

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Bank Indonesia is likely to keep its policy rate unchanged at least until the end of this year, as policymakers view the stance as neutral, amid weaker growth, economists at Capital Economics said. On Thursday, the central bank left its key interest rates unchanged at 4.75 percent for a ninth session...

The Reserve Bank of New Zealand is unlikely to raise its interest rate until 2019, as the economy is still not generating much inflation, Paul Dales, an economist at Capital Economics, said. Consumer prices remained flat in the second quarter and the annual inflation rate eased to 1.7 percent from...

UK-Pound-072117.jpg The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected figure was GBP 4.9 billion.

Croatia's unemployment rate declined for the fifth straight month in June, figures from the Croatian Bureau of Statistics showed Friday. The registered jobless rate fell to 10.8 percent in June from 11.7 percent in May. In the corresponding month last year, the unemployment rate was 13.4 percent.

Latvia's producer prices increased for the fifth successive month in June, figures from the Central Statistical Bureau showed Friday. Industrial producer prices rose 3.1 percent year-on-year in June, faster than the 2.9 percent climb in May. Domestic market producer prices grew 3.4 percent annually...

Ireland's factory gate prices decreased for the first time in seven months in June, figures from the Central Statistics Office showed Friday. The manufacturing industries output price index, excluding VAT, dropped 0.4 percent year-over-year in June, reversing a 1.1 percent rise in May. The price...

The Australian financial system is more resilient to shocks than it was in the past, Reserve Bank of Australia's Assistant Governor Michele Bullock said Friday. Higher capital and liquidity standards and greater supervision improved the strength of banks, she said in Melbourne. "But there is still...

Spain's foreign trade gap widened in May from a year ago, as imports grew faster than exports, preliminary figures from the Economy Ministry showed Friday. The trade deficit rose to EUR 1.43 billion in May from EUR 0.94 billion in the corresponding month last year. Exports climbed 15.2 percent...

The Eurozone economy is forecast to expand at faster than expected pace, according to the Survey of Professional Forecasters published by the European Central Bank. SPF respondents lifted 2017 growth outlook to 1.9 percent from 1.7 percent and that for next year to 1.8 percent from 1.6 percent. Expectations...

North Korea's economy expanded at the fastest pace in 17 years in 2016, Bank of Korea reportedly said Friday. Gross domestic product grew 3.9 percent year-on-year driven by defense spending. This was the biggest growth since 1999. The Bank of Korea estimated GDP based on information from government...

Switzerland's money supply growth accelerated for the third straight month in June, data from the Swiss National Bank showed Friday. The monetary aggregate M3 grew 4.1 percent year-on-year in June, faster than the 3.9 percent increase seen in May. At the same time, the annual growth in the narrow...

The UK budget deficit increased in June, data from the Office for National Statistics showed Friday. Public sector net borrowing, excluding interventions increased by GBP 2.0 billion from previous year to GBP 6.9 billion in June. The expected level was GBP 4.9 billion. In the current financial...

Lithuania's industrial production increased notably in June from a year ago, figures from the Department of Statistics showed Friday. Industrial production climbed a working-day-adjusted 6.9 percent year-over-year in June. On an unadjusted basis, production expanded by 10.0 percent. The growth...

The International Monetary Fund on Thursday approved "in principle" a new loan worth $1.8 billion to Greece. However, the arrangement has been approved in principle, which means it will become effective only after IMF receives specific and credible assurances from Greece's European partners to ensure...

Australia's interest rate need not increase automatically with the tightening of other central banks, Reserve Bank of Australia Deputy Governor Guy Debelle said Friday. "Just as the policy rate in Australia did not need to decline to the very low levels seen in other parts of the world, the fact...

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