Fri. Oct 11th, 2024

TRADE & COMMERCE

LATEST NEWS

WTO issues new edition of World Tariff Profiles

The World Trade Organisation (WTO) issued today (25 July) the 2024 edition of World Tariff Profiles, a joint publication of the WTO, International Trade Centre (ITC) and UN Trade and Development (UNCTAD). The publication provides comprehensive information on the tariffs and non-tariff measures imposed by over 170 countries and customs territories.

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Main results of the Eurogroup, 15 June 2023

The Eurogroup took stock of the advancement of the digital euro project, based on an update from the European Commission ahead of the publication of its legislative proposal and a presentation by the European Central Bank (ECB) on the high-level product description of the digital euro, including aspects related to the compensation model for the digital euro.

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U.S. Federal Reserve maintains target range at 5 to 5-1/4 percent

The U.S. Fed Committee decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent. Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening

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Norway: IMF Staff Concluding Statement of the 2023 Article IV Mission

The Norwegian economy continues to perform well. Output grew strongly in 2022, and it is projected to expand this year, albeit at a slower pace. While high inflation and interest rates weigh on activity, the labor market has been resilient, and Norway has enjoyed very favorable terms of trade, which should continue to support GDP growth. Risks to growth remain balanced, but there are upside risks to inflation.

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