Swiss jobless rate remains low

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Source: Bloomberg

In November Swiss unemployment level remained at record low in last three years indicating that labour market is stable despite cooling economic growth. The jobless rate in November stayed at 3%, the smallest since January 2009, reported State Secretariat for Economic Affairs. New jobs openings dropped by 1,355 reaching 17,395. 

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Wed, 07 Dec 2011 12:29:31 GMT

Sweden to keep ignoring euro

Sweden is not expected to become a Eurozone member even in long term period after Swedish support for joining Euro dropped to all time low in November. According to Skop poll, less than 10% of Swedes support switching from krona to euro. Anders Borg, Sweden's FM said it will take a lot of time and much effort in terms of austerity measures before Sweden will

Wed, 07 Dec 2011 12:29:16 GMT

Poland to leave interest rates unchanged

Narodowy Bank Polski is likely to leave its key interest rate untouched as drop in zloty can boost the inflation, said economists surveyed by Bloomberg. Central bank of Poland is expected to stick to interest rate of 4.5% for a fifth consecutive month. This is the highest benchmark rate in Poland since 2009. Central bank increased borrowing costs in June by from 3.5% to 4.5%

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