Tagged: interest rates

Major central banks have started 2017 on cautious footing

The Bank of England’s rate-setting monetary-policy committee left the UK’s main interest rate at a record low of 0.25 per cent and voted to keep the bond-buying programme unchanged at the conclusion of its...

The ECB fired off its boldest stimulus package yet

The European Central Bank unveiled a series of measures on March 10th to support the eurozone economy. In December, the ECB announced a smaller-than-expected package of measures, which included 0.1 percentage point cut to...

South Africa's gross domestic product

South Africa avoids a recession

South Africa’s gross domestic product increased an annualised 0.7 per cent in the third quarter from the previous quarter, when the economy shrank 1.3 per cent, according to figures from Statistics South Africa. The...