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  1. Bank Of England Cuts Rate By 50 Bps, Unveils Funding Scheme For SMEs On Covid-19

    by , 03-11-2020 at 03:03 PM
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    The Bank of England unexpectedly cut its key interest rate and launched a new funding scheme for small businesses as it expects the UK economy to take a major hit due to the coronavirus, or Covid-19, outbreak. The Monetary Policy Committee unanimously voted to cut the bank rate by 50 basis points to a record low 0.25 percent, following a special meeting on March 10, the central bank said.

  2. Fed Announces Emergency Rate Cut In Response To Coronavirus Outbreak

    by , 03-04-2020 at 02:21 PM
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    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.

  3. New Zealand Q4 Producer Prices Outputs Gain 0.4%

    by , 02-20-2020 at 06:42 AM
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    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.

  4. Australia Retains Record Low Interest Rate

    by , 02-04-2020 at 02:07 PM
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    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.

  5. New Zealand December Trade Surplus NZ$547 Million

    by , 01-30-2020 at 01:41 PM
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    New Zealand had a merchandise trade surplus of NZ$547 million in December, Statistics New Zealand said on Thursday.

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