Even with the next monetary policy meeting just two weeks away, the Federal Reserve announced a surprise move to enact an emergency interest rate cut on Tuesday in response to the economic risks posed by the coronavirus outbreak. The Fed announced that it has decided to lower the target range for the federal funds rate by 50 basis points to 1 to 1-1/4 percent. more...
Producer price outputs in New Zealand were up 0.4 percent on quarter in the fourth quarter of 2019, Statistics New Zealand said on Thursday, slowing from the 1.0 percent gain in the previous three months. more...
Australia's central bank maintained its interest rate on Tuesday, as policymakers see gradual progress in inflation reaching target and towards full employment. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to leave the cash rate unchanged at a record 0.75 percent. The central bank had lowered the rate by 25 basis points in October 2019. more...
The UK employment rate hit a record high and the jobless rate remained unchanged in three months to November, data from the Office for National Statistics showed Tuesday. more...
New Zealand had a merchandise trade deficit of NZ$1.0 billion in October, Statistics New Zealand said on Wednesday. more...
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