Economic Reports 03/08/07
Summary: The BOE held, ECB raised and unemployment is still on the rise.
BOE & ECB Rate Announcement
BoE announced it left its key repo rate on hold at 5.25% for the second month running.
The ECB raised its benchmark lending rate by a quarter point to 3.75%.
Euro M3 money supply rose 9.8% YOY, the fastest pace in 17 years.
Initial Claims 03/03 -10K to 328K vs prior 338K Full Report
Inside the number: Seasonally Unadjusted claims +19K, YOY Initial Claims +11% & Continuing Claims +2%.
4 week MA +3.75K to 339K. Continuing claims -98K to 2.53M; 4 week MA +9.25K to 2.55M
7 million "advertised" as unemployed; 30% longer than 15 weeks, 16% longer than 27 weeks.
BOE & ECB Rate Announcement
BoE announced it left its key repo rate on hold at 5.25% for the second month running.
The ECB raised its benchmark lending rate by a quarter point to 3.75%.
Euro M3 money supply rose 9.8% YOY, the fastest pace in 17 years.
Initial Claims 03/03 -10K to 328K vs prior 338K Full Report
Inside the number: Seasonally Unadjusted claims +19K, YOY Initial Claims +11% & Continuing Claims +2%.
4 week MA +3.75K to 339K. Continuing claims -98K to 2.53M; 4 week MA +9.25K to 2.55M
7 million "advertised" as unemployed; 30% longer than 15 weeks, 16% longer than 27 weeks.
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