UK ECONOMY EXHIBITS POOR SHOW IN JANUARY

Highlights

• In the three months to January, the service sector showed no growth 
• The manufacturing sector has continued to show weaknesses

According to data published by the Office for National Statistics, the UK economy stagnate...

BANK OF KOREA FREEZES ITS POLICY RATE FOR FEBRUARY

Highlights –

• Korean Central Bank keeps policy rate steady
• Monetary Policy board meeting held on Thursday
• Korea’s household debt increases

South Korea’s central bank, The Bank of Korea (BOK) on Thursday ke...

China could loosen its monetary policy due to the trade war deal

According to the analyst, Central bank in Beijing keen to ease monetary policy at home on account of the phase one trade deal between the United States and China. It will let fluctuate the yuan exchange rate.

The People’s Bank of China published its work plan for 2020. It said tha...

Forex kitty keeps swelling, more than $451 billion mark

According to weekly data released by the Reserve Bank on Friday, foreign exchange reserves gained USD 2,484 billion to reach a new high of USD 451.08 billion in the week ending November 29.

The reserves had risen by $347 million to $448.6 billion in the previous week.

In annou...