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Economics Gazette

Economy and Business news

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November 20, 2019

Archives for June 2017

Haruhiko Kuroda

Bank of Japan keeps its aggressive monetary policy

Bank of Japan keeps its aggressive monetary policy, as the institution decided to pursue its aggressive policy of stimulating the economy and overcoming deflation by marking signs of improvement in the third world economy. In a communique after its meeting, the bank said it expects demand to boom, supporting a moderate acceleration of growth. The

Elvira Nabiullina

Russian Central Bank lowers its leading interest rate

The Russian Central Bank has decided to lower its leading interest rate by 25 percentage points to 9%. The board of directors of the bank notes that inflation remains close to the target level, as well as the continuing decline in inflation expectations and the recovery in economic activity. Short-term and medium-term inflationary risks have

North Korea workers

China reduces number of workers from North Korea

China reduces the number of workers from North Korea. According to Japan and the United States, this is one of the most effective means of pressure on Pyongyang along with shrinking oil supplies, as the gastarbeiters are among the main sources of foreign currency for the DPRK. In March 2016, when the UN Security Council

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