Other news

United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%

No change of the indicator value may reduce the volatility of the related markets.

Australian Treasurer warns about possible acceleration of inflation due to Cyclone Alfred

Australian Treasurer Jim Chalmers warned that consumer prices could rise in the country after Cyclone Alfred. The Australian economy lost an estimated $759 million as a result of the disaster, according to initial government estimates.

17 March 2025

Australian Treasurer warns about possible acceleration of inflation due to Cyclone Alfred

UK to slash regulation and social spending to support economic growth: Bloomberg

Bloomberg reports that the UK government will abolish several business regulatory bodies and cut welfare spending in order to stimulate the country’s stagnant economy. According to Chancellor of the Exchequer Rachel Reeves, slashing business regulation will bring relief to the economy.

17 March 2025

UK to slash regulation and social spending to support economic growth: Bloomberg

UK budget deficit may exceed 5 billion dollars: Resolution Foundation

According to experts of the Resolution Foundation think tank, UK Finance Minister Rachel Reeves may fail to meet the budget adopted for the current year. The expected deficit could amount to 4.4 billion pounds ($5.7 billion).

17 March 2025

UK budget deficit may exceed 5 billion dollars: Resolution Foundation

Copper reaches near five-month maximum after China announces plans to boost demand

Bloomberg reports that copper price reached near five-month high after China, the largest consumer of the metal, said it intends to boost demand. Copper price reached $9,850 per ton on Friday, which is the highest since October last year.

17 March 2025