Switzerland's National Bank Vice Chairman Schlegel stated that further interest rate hikes may be necessary to subdue elevated inflation, which is expected to exceed 2% before easing. He also mentioned the possibility of temporary inflation rise via rents and highlighted the vulnerability of the real estate market. In the UK, the economy flatlined in the third quarter, entering a period of stagnation and narrowly avoiding a recession. The Bank of England had been expecting a flat reading for GDP in the third quarter. Chancellor Jeremy Hunt is planning to extend a major tax break for businesses to spur investment and boost the stagnant British economy.
Switzerland’s residential-property sector is slowing in the wake of higher interest rates but the market remains vulnerable, according to top central bank official https://t.co/PMHF1aQHPl
Chancellor Jeremy Hunt is set to extend a major tax break for businesses in his upcoming fiscal plan to spur investment and boost the stagnant British economy https://t.co/3Sa2uTxcRg
Chancellor Jeremy Hunt is set to extend a major tax break for businesses in his upcoming fiscal plan to spur investment and boost the stagnant British economy https://t.co/F6aUU2DWkU
Chancellor Jeremy Hunt is set to extend a major tax break for businesses in his upcoming fiscal plan to spur investment and boost the stagnant British economy https://t.co/tFbz3GUddy
UK economy stalls: real estate and interest rates in focus https://t.co/4cTOfsmt54 https://t.co/V86UY2G6ot
The Bank of England, which acknowledges the economic pain being caused by its 14 back-to-back interest rate increases over nearly two years to August, had been expecting a flat reading for GDP in the third quarter https://t.co/Qge8eZjp6g https://t.co/kthjuiscWp
WATCH: The Bank of England, which acknowledges the economic pain being caused by its 14 back-to-back interest rate increases over nearly two years to August, had been expecting a flat reading for GDP in the third quarter https://t.co/7k15akx0ZJ https://t.co/dA69QSDC5j
Peru central bank signals possible third straight quarter of GDP contraction https://t.co/nULZUMGInR https://t.co/W0UG1bpzZK
WATCH: In the three months to September, output in Britain's huge services sector fell by 0.1%, industrial production was broadly flat and construction grew by 0.1%, the statistics office said https://t.co/7k15akx0ZJ https://t.co/SMKRkOPrSd
In the three months to September, output in Britain's huge services sector fell by 0.1%, industrial production was broadly flat and construction grew by 0.1%, the statistics office said https://t.co/Qge8eZjp6g https://t.co/zpaWtjO2nu
Sterling holds near one-week low as UK economy fails to grow in Q3 https://t.co/rCz3AG4eda https://t.co/AeNJccRbee
Britain's economy has failed to recover the kind of growth it enjoyed before the 2008-09 global financial crisis, putting pressure on finance minister Jeremy Hunt to come up with pro-growth measures in a November 22 budget update https://t.co/Qge8eZjWVO https://t.co/Po1lJDZ8f0
WATCH: Britain's economy has failed to recover the kind of growth it enjoyed before the 2008-09 global financial crisis, putting pressure on finance minister Jeremy Hunt to come up with pro-growth measures in a November 22 budget update https://t.co/7k15akxyPh https://t.co/e686C77ZTq
Economists have predicted that UK GDP slipped 0.1% in the three months through September, a Bloomberg survey found. The BOE expects unemployment, now 4.3%, to rise to 5.1% by 2026. https://t.co/SKPEJRhz0d
Britain's stagnating economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed https://t.co/Qge8eZjp6g https://t.co/w26CoClNoS
WATCH: Britain's stagnating economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed https://t.co/7k15akx0ZJ https://t.co/Raw2YWxIES
India’s factory output slowed in September as exports remained weak https://t.co/8pPtV46AKK
India’s factory output slowed in September as exports remained weak https://t.co/n16aTZ7KPk
British economy stalls in third quarter https://t.co/l547hOWKJQ
India’s factory output slowed in September as exports remained weak https://t.co/cLddGDBO2I
⚠️ INDIA'S SEPTEMBER INDUSTRIAL OUTPUT UP 5.8% Y/Y Full Story → https://t.co/mJQi3z8bDp https://t.co/8B9TppRdYA
Switzerland’s residential-property sector is slowing in the wake of higher interest rates but the market remains vulnerable, according to top central bank official https://t.co/GjgL5Qvxzb
Switzerland’s residential-property sector is slowing in the wake of higher interest rates but the market remains vulnerable, according to top central bank official https://t.co/8CHp4aeVNH
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: RESIDENTIAL REAL ESTATE PRICE DYNAMICS ARE SLOWING.
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: THE REAL ESTATE MARKET IS STILL VULNERABLE.
The British economy flatlined in the third quarter, entering what is expected to be a protracted period of stagnation on the cusp of a recession. https://t.co/2Ypjj4a9zv
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: TEMPORARY RISE OF INFLATION VIA RENTS IS POSSIBLE.
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: INFLATION IS TO TOP 2% BEFORE EASING BELOW IN MID TERM.
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: WE CAN'T RULE OUT FURTHER HIKES TO SUBDUE INFLATION.
🔴 SNB'S VICE CHAIRMAN SCHLEGEL: INFLATION PRESSURE IS ELEVATED IN SPITE OF SHARP GLOBAL DROP.