Bank of England: recent actions of the ECB will not improve labour market

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Source: Reuters
Bank of England reported that recent monetary policy easing by the ECB is not expected to improve the labour market in the region. The rate of unemployment is likely to remain high in the following years. According to the best scenario, the EU would see some improvement in its job market in mid-2014, said Adam Posen from BoE.


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Tue, 10 Apr 2012 18:32:51 GMT

Switzerland's unemployment rate almost unchanged at 3.1% in March

Swiss jobless rate eased down to unadjusted 3.2% last month as compared to 3.4% in February. Experts projected the unemployment rate to approach 3.3% last month. The number of individual without job decreased by 6,762 to 126,392 in March.  After the data release, the Swiss Franc remained lower against its US counterpart and USD/CHF traded at 0.9211, appreciating by 0.36%.

Tue, 10 Apr 2012 15:22:16 GMT

Bank of Spain: the country may need more funds

Spanish banks are likely to need additional funds as economic state of the country has continued to deteriorate, announced Miguel Angel Fernandez Ordonez from bank of Spain. Spanish banks are facing next round of increase in bad loans as country enters the second wave of crisis in the last three years. Experts predict Spain to apply for a new bailout

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