BoE policymakers vote against rate's increase

Source: Bloomberg
All nine policymakers of the Bank of England voted against any increase in interest rates this month, underlining the need to stimulate economic growth, while the unemployment rate still remains above the 7% target mark. Moreover, the BoE officials said that they will continue to support economy, even if the rate falls below 7%, as they want to be sure that the growth is sustainable.
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Wed, 19 Feb 2014 10:29:27 GMT

Chinese manufacturing to grow 9.5% in 2014

Chinese government would like to see a 9.5% growth in manufacturing production in 2014. At the same time, the pace of increase will decline slightly from 9.7% during the previous year. The manufacturing sector of China contributes a lot to the overall GDP rise in the country, as the economy advanced 7.7% in 2013, which was higher than expected by

Wed, 19 Feb 2014 09:54:59 GMT

U.K. unemployment rate inches up to 7.2%

Unemployment rate in the United Kingdom rose unexpectedly in the last quarter of the year 2013, reaching 7.2% versus 7.1% in September-November. Analysts expected no changes in the indicator. Meanwhile, the total number of claims for unemployment benefits dropped 27,600 in January, which was much more than analysts predicted at 18,300 after a 24,000 decrease in December.

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