UK Retail sales recover in July

Note: This section contains information in English only.
Source: CBI
The latest CBI's survey regarding Monthly Distributive Trades revealed that retail sales volumes increased firmly and are expected to improve even more in the forthcoming month. As a higher increase is anticipated for August, retailers have been reinforcing their stock in order satisfy demand. The percentage of retailers who expect stronger sales volumes is 51%, whereas 15% forecast a decline.
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Wed, 23 Jul 2014 15:35:09 GMT

Bank of England leaves interest rate unchanged

Some members of the MPC see that the probability of a rate hike is falling, as growth becomes stationary. Officials voted 9-0 to leave the benchmark rate unchanged at 0.5%. Since the economy is heading for levels of economic growth last seen before the financial crisis, officials' are starting to focus on a rate increase for the first time in

Wed, 23 Jul 2014 11:33:07 GMT

UK interest rates on hold

Discussions regarding the possibility of an increase in interest rates took place, during this month's meeting, among BoE officials. In fear of disturbing the recovery, all members of the Monetary Policy Committee agreed on keeping interest rates unchanged. UK's economy is revealing to be on the fast track and growth for the second quarter is expected to be 0.8%.

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