Spain's home mortgages drop sharply in December

Source: RTT News
Residential mortgages in Spain declined significantly in the last month of 2013, the latest data published by the statistical office INE showed on Wednesday. According to the report, the Spain's residential mortgages dropped notable by 30.1% on an annual basis totaling 12,329 in December, while on a sequential basis the figure fell by 11.5%.

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Wed, 26 Feb 2014 15:33:44 GMT

U.K. GDP grows slower than forecast in 2013

The United Kingdom economy improved in the last quarter of 2013, however the annual growth in the whole 2013 came in weaker pace than economists originally expected, a report published by the Office for National Statistics showed on Wednesday. The British gross domestic product gained 0.7% in the Q4, while in the Q3 it rose by 0.8%.

Wed, 26 Feb 2014 12:51:24 GMT

BoE keeps rates unchanged for near future

The United Kingdom's central bank will likely to maintain its benchmark refinancing rates unchanged at current level and will focus on recovery supporting the economy, the Bank of England Economists Spencer Dale revealed on Wednesday. In the BoE last Quarterly Inflation Report, the bank showed its focus on unemployment level, labour productivity and wages.

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