Mortgage repossessions in the UK fell 17%

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/AP
The Council of Mortgage Lenders reported on Thursday that the amount of repossessions declined significantly compared to the first quarter of the preceding year. The number of repossession cases declined by 17% on year-over-year basis, reaching 8,000 during the first quarter of the year.
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Thu, 09 May 2013 15:19:06 GMT

Bank of England leaves easing unchanged

The Bank of England decided to continue its monetary easing at £375 billion through the asset purchase program. Earlier, it was raised by 50 billion in July, 2012. The Monetary Policy Committee also leaved key interest rate the same at the level of 0.50%, which is the lowest since 1694 when the bank was established.

Thu, 09 May 2013 15:31:05 GMT

Portuguese unemployment grew to 17.7% last quarter

Statistics Portugal revealed on Thursday that the Portuguese jobless rate added significantly during the first quarter of the year. The unemployment rate increased to 17.7% from the reading of 14.9% in the first quarter of the preceding year. The figure for the preceding quarter was 16.9%. Youth unemployment hit the level of 42.1%.

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