Monthly archive April, 2020

German economic confidence improved strongly in April to its highest level in nearly five years, as financial market experts turned optimistic though their assessment of the current situation hit a near 11-year low amid the lockdown triggered by the coronavirus, Read More →

UK inflation slowed to a three-month low in March on falling fuel and clothing prices ahead of the coronavirus lockdown, data from the Office for National Statistics showed Wednesday. Consumer price inflation eased to 1.5 percent from 1.7 percent in Read More →

European Central Bank President Christine Lagarde said the Governing Council has never discussed the issue of helicopter money. In a reply to Philippe Lamberts, member of the European Parliament, she reaffirmed that the ECB has not adopted a formal position Read More →

The U.S. dollar recovered after early weakness on Wednesday, as crude oil prices recovered from recent big losses on short-covering and a much smaller than expected increase in gasoline inventories last week.Original Article Read More →

South Korea's gross domestic product contracted a seasonally adjusted 1.4 percent on quarter in the first quarter of 2020, the Bank of Korea said in Thursday's advance estimate.Original Article Read More →

Despite a weaker currency exchange rate, Turkey's central bank reduced its key interest rate by a sharp 100 basis points to mitigate the economic fallout from the coronavirus outbreak. The Monetary Policy Committee of the Central Bank of the Republic Read More →