Monthly archive May, 2019

The Reserve Bank of Australia on Tuesday kept its cash rate on hold unexpectedly, but downgraded its growth and inflation forecasts suggesting subdued price pressures across the economy. The board of the Reserve Bank of Australia, governed by Governor Philip Read More →

Malaysia's central bank on Tuesday slashed its interest rate for the first time in nearly three years, citing several downside risks. The Bank Negara's Monetary Policy Committee decided to cut the Overnight Policy Rate by a quarter-point to 3 percent. Read More →

The European Commission on Tuesday slashed the growth forecasts for the euro area for this year and next, citing a "more pronounced" slowdown since the second half of last year, caused mainly due to weaker external demand, disruption in the Read More →

The dollar displayed strength against some of its major rivals on Tuesday amid news about escalating trading tensions between the U.S. and China.Original Article Read More →

UK house price inflation accelerated at a more than expected rate in April, figures from the Lloyds Bank subsidiary Halifax and IHS Markit showed on Wednesday. The house price index surged 5.0 percent year-on-year in April, following a 2.6 percent Read More →

China's exports fell unexpectedly in April, while imports rebounded, official customs data showed on Wednesday, ahead of crucial trade talks between the country and the United States. Exports fell 2.7 percent year-on-year in April, after a 14.2 percent rise in Read More →