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Economy And The Numbers

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peoplesbankofchina-020317_19sep19.jpg China's central bank reduced its one-year loan prime rate marginally but retained five-year lending rate on Friday. The People's Bank of China set the one-year lending rate at 4.20 percent compared to 4.25 percent in August. The five-year lending rate was maintained at 4.85 percent. Julian Evans-Pritchard, an economist at Capital Economics, said this is another small step towards lower rates.

Overall nationwide consumer prices in Japan were up just 0.3 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That was in line with expectations and slowing from 0.5 percent in July - moving further away from the Bank of Japan's target range of 2.0 percent. Core...

Japan is scheduled to release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Overall nationwide CPI is expected to add 0.3 percent on year, slowing from 0.5 percent in July. Core CPI is tipped to gain an annual 0.5 percent, slowing from 0.6 percent...

South Africa's central bank left its key interest rate unchanged in September, as expected, after cutting it by a quarter-point in July. The Monetary Policy Committee of the South African Reserve Bank unanimously decided keep the rate unchanged at 6.5 percent. The bank left the growth forecast...

economicdata-us-091919.jpg The Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators came in unchanged in the month of August.

existinghomesls-091919.jpg Citing falling mortgage rates, the National Association of Realtors released a report on Thursday showing an unexpected jump in U.S. existing home sales in the month of August. NAR said existing home sales surged up by 1.3 percent to an annual rate of 5.49 million in August after spiking by 2.5 percent to a rate of 5.42 million in July.

norway_19sep19.jpg Norway's central bank raised its key interest rate in September, while it was expected to leave it unchanged after policymakers pointed to growing uncertainty in August due to the worsening global risk outlook. After the Executive Board of the Norges Bank raised the key interest rate by 25 basis points to 1.50 percent on Thursday, the bank signaled that there are unlikely to be more hikes in the

philadephiamanuf-091919.jpg A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a modest slowdown in the pace of growth in regional manufacturing activity in the month of September. The Philly Fed said its diffusion index for current general activity fell to 12.0 in September from 16.8 in August, although a positive reading still indicates growth in regional manufacturing activity.

joblessclaims-091919.jpg After reporting a much bigger than expected drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing a modest rebound in initial jobless claims in the week ended September 14th. The report said initial jobless claims inched up to 208,000, an increase of 2,000 from the previous week's revised level of 206,000.

bankofbngland-nov01_19sep19.jpg The Bank of England left its monetary policy unchanged amid the heightened uncertainty as the October 31 deadline for the UK's exit from the European Union looms, and warned that the global slowdown and a no-deal Brexit would hurt the economy severely. The Monetary Policy Committee, led by Governor Mark Carney, on Thursday, unanimously decided to hold the bank rate at 0.75 percent.

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a modest slowdown in the pace of growth in regional manufacturing activity in the month of September.

After reporting a much bigger than expected drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing a modest rebound in initial jobless claims in the week ended September 14th.

The Bank of England decided to maintain its interest rate and quantitative easing amid heightened uncertainty ahead of Brexit. The Monetary Policy Committee, led by Governor Mark Carney, unanimously decided to hold the bank rate at 0.75 percent. All nine members of the committee voted to hold the...

South Africa's wholesale sales recovered in July after falling in the previous two months, data from Statistics South Africa showed on Thursday. Wholesale trade sales at constant prices rose 6.7 percent in July, reversing a 6.4 percent decline in June. In May, sales fell 3.2 percent. On a monthly...

Poland's industrial production declined unexpectedly in August, while producer price inflation accelerated, figures from the Statistics Poland showed on Thursday. Industrial production fell 1.3 percent year-on-year in August. Economists had expected a growth of 0.8 percent. Manufacturing output...

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