BOE most likely to keep record low interest rate

Note: This section contains information in English only.
Source: Bloomberg
Bank of England will most probably not raise the rates on Thursday, following the Greek uncertainties and unconvincing domestic economic picture, therefore keeping it at a 0.5% level. UK inflation in May was 0.1%, far from the BOE's target of 2%, meanwhile some concerns about downward pressure are raised by the appreciating Sterling.
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Thu, 09 Jul 2015 08:37:04 GMT

Germany's trade balance rises

Germany's trade surplus swelled to a record-high in May on increasing foreign demand for German goods. Europe's largest economy's trade surplus rose to 22.8 billion euros from 21.5 billion euros in April, however, economists had forecasted only a surplus of 20.3 billion euros. Moreover, exports increased by 1.7% from previous month to 102.1 billion euros, while inbound shipments rose 0.4%

Thu, 09 Jul 2015 07:24:54 GMT

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