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Bank of England can only do so much on housing: Chief economist Haldane

Bloomberg Bank of England chief economist Andy Haldane said there are limits to how much the central bank can restrain the housing market and prevent a price spiral. “There are things we can do at the bank and others can do at the Treasury to damp down demand a bit,” Haldane said at an Open University event in London on ...

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Spain jobless claims fall more than forecast amid impasse

Bloomberg Jobless claims in Spain fell more than anticipated in March, even as the political impasse continues with lawmakers struggling to form a government following an inconclusive vote. New data on Monday showed the number of people registered as unemployed decreased by more than 58,200 people from February, adding to two months of falling unemployment. The decline was greater than ...

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Euro-area unemployment declines to lowest since 2011

Bloomberg Euro-area unemployment retreated in February to the lowest since 2011, continuing its slow decline as the economy grows at a modest pace. The rate fell to 10.3 percent from 10.4 percent in January, the European Union’s statistics office Eurostat in Luxembourg said on Monday. That matched the median forecast of economists in a Bloomberg survey, though the January number ...

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