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Economy And The Numbers

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Federal Reserve Chair Janet Yellen on Thursday downplayed the possibility the central bank might soon cut interest rates in a reversal of December's long-awaited tightening. "I have not thought that a downturn sufficient to cause the next move to be a cut was a likely possibility," Yellen told the...

India's central bank aims to have clean and fully provisioned bank balance sheets by March 2017, Reserve Bank of India Governor Raghuram Rajan said Thursday. The country's banks, especially those in the public sector, are reeling under the pressure of huge stock of bad loans. "Our estimate is...

joblessclaims-021116.jpg Following last week's mixed monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 6th.

Following last week's mixed monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 6th.

RIKSBANK-021116.JPG Sweden's central bank cuts its key interest rates deeper into negative zone on Thursday in another attempt to bring krona down and push inflation to the 2 percent target. The bank also signaled that it was willing to take rates lower from the current negative levels, among other steps such as an extension of government bond purchases and foreign exchange market interventions if the krona appreci

South Africa's manufacturing production climbed for the first time in three months in December, preliminary figures from Statistics South Africa showed Thursday. Manufacturing production rose 0.4 percent year-over-year in December, reversing a 1.2 percent fall in the previous month. The largest...

The Philippine central bank left its key interest rate unchanged for an eleventh consecutive month on Thursday. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the overnight borrowing or reverse repurchase facility at 4 percent. The decision was in line with economists' expectations....

Croatia's retail sales increased for the fourth consecutive month in December, figures from the Croatian Bureau of Statistics showed Thursday. Retail sales volume climbed a seasonally adjusted 1.1 percent month-over-month in December, following a 1.2 percent gain in the previous month. Retail trade...

Greece's unemployment rate decreased marginally in November, after remaining stable in the previous month, figures from the Hellenic Statistical Authority showed Thursday. The seasonally adjusted jobless rate fell to 24.6 percent in November from 24.7 percent in October, which was revised from 24.5...

Lithuania's producer prices continued to decline at the start of the year, though at a slower pace than in the previous month, figures from the Department of Statistics showed Thursday. The producer price index fell 6.1 percent year-over-year in January, following a 7.9 percent decrease in December. The...

Swiss consumer prices declined at a stable pace in January, in line with expectations, figures from the Federal Statistical Office showed Thursday. The consumer price index fell 1.3 percent year-over-year in January, the same rate of decrease as in December. The figure was also matched with consensus...

Sweden's central bank cuts its key interest rate unexpectedly on Thursday as inflation is set to remain low this year. The Executive Board of the Riksbank decided to cut the repo rate by 0.15 percentage points to -0.50 percent. The bank was expected to keep its rate unchanged at -0.35 percent. The...

Turkey's current account deficit widened sharply in December largely due to an increase in trade shortfall, the Turkish central bank said Thursday. The current account shortfall increased to $5.07 billion from $2.23 billion in the previous month. The visible trade deficit climbed to $4.97 billion...

Hungary's consumer prices climbed for the fourth straight month in January, though at a slower-than-expected pace, figures from the Hungarian Central Statistical Office showed Thursday. The consumer price index rose at a stable pace of 0.9 percent year-over-year at the start of the year, below economists'...

Hong Kong's currency peg to the US dollar is sustainable in the event of significant capital outflows, thanks to ample liquidity and sufficient foreign reserves, Secretary for Financial Services and the Treasury KC Chan said Thursday. "The Hong Kong linked exchange rate system is a very credible...

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