Indian CB unexpectedly raises main interest rate

Note: This section contains information in English only.
Source: RTT News
The Central Bank of India surprisingly increased its benchmark repo rate on Tuesday by 25 basis points, as the RBI tries to decrease inflation pressure in the country. Now, the main rate is 8%, up from 7.75%. At the same time, the deposit rate, at which banks may keep money in the central bank, was adjusted down from 7% to 6.75%. Currently, the inflation level in India remains around 10%.
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Tue, 28 Jan 2014 09:57:05 GMT

Swedish trade balance improves in December

The positive balance of international trade in Sweden improved considerably in December of the previous year on the annual basis, however, it decreased substantially from November's data. The merchandise trade surplus of the country reached 1.4 billion kronor in December against 0.3 billion kronor a year ago and 4.9 billion in November. In December, exports added 5%, while imports advanced

Tue, 28 Jan 2014 09:35:08 GMT

German import prices decline further

Import prices in the largest economy of the Eurozone continue to show a downward trend, as prices in December of 2013 dropped 2.3% on the annual basis. At the same time, the pace of decrease slowed dramatically from 2.9% in November. The negative tendency can already be seen since December 2012. Energy prices fell 5%, while non-ferrous metals became 15.5%

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