RBA keeps the monetary policy unchanged

Note: This section contains information in English only.
Source: SBS
As a result of the meeting on Tuesday, the Reserve Bank of Australia decided to keep the monetary policy in the country unchanged, as the benchmark interest rate was kept at the record low level of 2.5%. In November 2010, the rate was as high as 4.75%. Moreover, the RBA officials told analysts that there will be no more interest cuts in the nearest future.
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Tue, 04 Feb 2014 13:55:05 GMT

Spanish unemployment rises sharply in January

Jobless rate in Spain, which has the second highest percentage of people without work in Europe so far, surprisingly surged in January of the current year, as 113,097 more people became unemployed. This is a 2.41% rise on a monthly basis to 4.81 million. At the same time, the unemployment among young people below 25 years jumped as much as

Tue, 04 Feb 2014 13:33:05 GMT

U.K. construction sector picks up in January

Activity in the construction sector of the United Kingdom unexpectedly inched up in January of this year, reaching the highest level since August 2007. The benchmark PMI Index, which measures the activity level in this sector of country's economy, increased to 64.6 points against 62.1 points in December. Analysts, in turn, expected the index to decrease to 61.5 points.

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