The Bank of England retained the benchmark interest rate at 0.5% per annum. The volume of the program of redemption of state bonds is left at the level of 435 billion pounds, the volume of purchase of corporate bonds – at the level of 10 billion pounds. The regulator lowered the UK’s GDP growth forecast for 2018 to 1.4% from the previously expected 1.8%. The forecast of economic growth for 2019 and 2020 is kept at 1.7%. It is expected that inflation in the country will slow down more rapidly and in the second quarter of 2020 and in 2021 will fall to a target level of about 2% compared to 2.5% in March 2018. Following the results of the meeting on May 10, the Central Bank said that in the coming years “only a limited tightening” of monetary policy will be required, so traders are waiting for the next rate increase by the Bank of England only in February 2019.
Growth in wholesale sales in Canada exceeded forecasts in March17.12.2018
Business activity in the eurozone grew in December at the lowest rate in more than 4 years21.08.2018
The current account surplus of Germany will remain the largest in the world this year, according to Ifo07.02.2019
Carlsberg increased profits 4.2 times in 2018