Economists expect ECB to maintain current monetary course

Note: This section contains information in English only.
Source: Bloomberg
According to the Bloomberg survey, the vast majority of analysts predict the ECB to keep its monetary policy without any significant changes after today's meeting. Only two out of 58 analysts forecast a decrease in the main interest rate from 0.25% to 0.15% or 0.1%, as inflation in the Eurozone picked up to 0.7%. Moreover, the same number of investors wait for the negative deposit rate.
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Thu, 08 May 2014 12:49:04 GMT

Barclays to cut additional 7,000 jobs by 2016

Barclays Plc, one of the biggest banks in the United Kingdom, announced on Thursday 7,000 additional job cuts that will take place by 2016. A report shows that the financial institution wants to decrease its dependence on this working unit. Therefore, the total job losses will amount 19,000 by 2016. Today, Barclays Plc shares are jumping 4.7% to 254.75 pence

Thu, 08 May 2014 12:38:08 GMT

Danish government to support economy amid low growth

The government of Denmark unveiled a plan to support country's economy, as the mortgage crisis pushed it to recession. As expected, the authorities are preparing a $1.1 billion investment plan to increase output. Moreover, the business climate is expected to improve considerably, with tax breaks for new companies, lower taxes on dividends and reduced electricity fees.

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