Norway's central bank left its key interest rate unchanged in June for the eight consecutive session, citing weaker-than-expected activity, higher-than-projected inflation and a weaker krone.
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This is a discussion on The News / Hottest within the Analytics and News forums, part of the Trading Forum category; Norway's central bank left its key interest rate unchanged in June for the eight consecutive session, citing weaker-than-expected activity, higher-than-projected ...
Norway's central bank left its key interest rate unchanged in June for the eight consecutive session, citing weaker-than-expected activity, higher-than-projected inflation and a weaker krone.
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The Swiss National Bank on Thursday said it will retain the currency ceiling at CHF 1.2 per euro as risks to the economy from external developments remains high. The target range for the three-month Libor was also left unchanged at 0.0-0.25 percent. The decision was in line with economists' forecast. "Tensions can reappear at any moment on global financial markets," the central bank said.
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With positive contributions from financial indicators partly offset by negative contributions from other indicators, the Conference Board released a report on Thursday showing only a slight increase by its reading on leading U.S. economic indicators in the month of May. The Conference Board said its leading economic index edged up by 0.1 percent in May.
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Manufacturing activity in the Philadelphia area unexpectedly increased in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector climbing to a two-year high. The Philly Fed said its diffusion index of current activity jumped to a positive 12.5 in June from a negative 5.2 in May.
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The Philippines will on Friday announce Q1 numbers for current account, highlighting a light day for Asia-Pacific economic activity.
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Eurozone finance ministers agreed to give the permanent bailout fund the authority to "directly capitalize" banks, but national governments will have the responsibility to ensure the minimum capital buffer. Elsewhere, the Internal Monetary Fund settled concerns over Greece funding conditions with the assurance that the country will not face any financing problems.
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The U.K. budget deficit narrowed in May as new tax cooperation deal with Swiss authorities boosted government coffers with one-off payments. Public sector net borrowing excluding financial interventions fell to GBP 8.8 billion in May from GBP 15.6 billion in the previous year, data published by the Office for National Statistics showed Friday.
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New migration in New Zealand surged 12,200 in May, Statistics New Zealand said on Monday, surging a seasonally adjusted 9 percent on month to 153,000.
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New migration in New Zealand climbed 12,200 in May, Statistics New Zealand said on Monday, surging a seasonally adjusted 9 percent on month to 153,000.
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Singapore's annual inflation picked up in May, after hitting the lowest level in more than three years in April, as a fall in car prices was more than offset by price gains in the other major categories.
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