Bank of England maintains monetary policy with no changes

Source: The Wall Street Journal
The Bank of England's Monetary policy committee decided to keep the monetary policy course, implementing no changes to the interest rate of 0.5%, which is stable since 2009. Moreover, the volume of asset purchases program has also been kept at the previous level of 375 billion pounds. As expected by analysts, any changes may start to take place in the middle of the year 2015.
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Mon, 12 May 2014 07:52:07 GMT

Investors see high deflation risks in Europe

The vast majority of investors, who participated in the poll of Bloomberg news agency, agree that the Eurozone faces serious risks of deflation in the medium-term. This point of view was supported by 74% of respondents. It is worth pointing out that some countries, such as Portugal, have already registered deflation, while the overall CPI level in the Eurozone still

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

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