The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK public sector net borrowing widened in February
UK public sector net borrowing increased to level of £18.41 billion in February, compared to a revised reading of £2.39 billion in the previous month.
Germany’s PPI rose less than expected in February
In Germany, the PPI climbed 1.90% on a YoY basis in February, compared to a rise of 0.90% in the previous month. Markets were expecting the PPI to record an advance of 2.00%.
Australia’s retail sales unexpectedly dropped in February
In Australia, the seasonally adjusted retail sales unexpectedly fell 1.10% on a MoM basis in February, compared to an advance of 0.50% in the prior month. Markets were expecting retail sales to climb 0.40%.
PBOC keeps one-year loan prime rate steady
The People’s Bank of China (PBoC), in its latest monetary policy decision, kept its one-year loan prime rate unchanged at 3.85% and the five -year loan prime rate at 4.65%.
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