Swiss economic confidence falls in March

Note: This section contains information in English only.
Source: RTT News
Economic sentiment in Switzerland decreased for the first time a five-month period in March after it was improving since October 2012 and reached 10 points in February, the Credit Suisse and the Centre for European Economic Research (ZEW) reported on Wednesday. The ZEW index dropped to 2.3 points in March, while the index of current economic situation in Switzerland fell by 2.4% on a monthly basis to 15.6 points in March.

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Thu, 21 Mar 2013 08:25:11 GMT

Rand drops on kept interest rates, India's stocks drop amid government issues

South African currency decreased 0.6% against the U.S. Dollar amid a decision of the country's central bank to maintain its interest rates unchanged, while India's shares recorded the longest streak of losses since February 11. India's Standard and Poor's BSE Sensex edged down by 0.7 amid speculations that economic reforms might be menaced due to a withdrawal of the country's

Thu, 21 Mar 2013 07:37:08 GMT

South Africa's central bank keeps repurchase rate at 5%

South African Reserve Bank kept its benchmark interest rate unchanged as expected on Wednesday, as increasing inflation in the country prevented policy makers from easing monetary policy. The Monetary Policy Committee decided to maintain the repurchase rate at 5% as the inflation rate reached a 10-month high of 5.9% in February due to higher prices of food and clothing.

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