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BoF’s economy gaining momentum in Q3

  Bloomberg The French economy is set to return to growth this quarter, the nation’s central bank said, as President Francois Hollande aims to cement a turnaround ahead of next year’s general election. Gross domestic product will rise 0.3 percent in the three months through September, the Bank of France (BoF) said on Monday. That’s more optimistic than economists in ...

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Ugandan central bank lowers key rate to 14%

  Bloomberg Uganda’s central bank reduced its benchmark interest rate by 100 basis points for a third consecutive time, to 14 percent, citing an unfavorable growth outlook due to global economic uncertainty. While warning that drought may hurt food prices, a major component on the inflation index, the monetary policy committee expects both headline and core inflation to slow toward ...

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Barclays ‘new deal’ lesson in ‘shaky’ commodities world

  Bloomberg The outlook for most commodities remains shaky even after investors poured more than $50 billion into raw materials this year, and it may take fiscal stimulus to get things going, not more central bank easing, according to Barclays Plc, which reached for the history books to make a case. Additional monetary easing by the central banks is unlikely ...

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