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National Bank of Kuwait: raise interest rates in December a possibility

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Rocky


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National Bank of Kuwait: raise interest rates in December a possibility




November 9, 2015 0


National Bank of Kuwait "NBK" he said in his report on the cash in a week that the rise in the US dollar last week on the back of comments president of the Federal Reserve "Janitiln" strong US data. Has been the growth of American jobs rose sharply in October after two consecutive months of slow rise, and with the decline in the unemployment rate to its lowest level in seven and a half years, to show that the local force, which make it more likely almost to lift the Fed interest rates in the first Katun.

He said the bank's report, that the rise in non-farm payrolls increased by 271,000 last month, the biggest rise since December 2014, as the rate of pay per hour rose at the same time by 9 cents.

The certificate is Whelan happened last week, which seemed to keep the possibility of raising interest rates in December open. The comments gave a major boost to the US dollar, which continued to rise.

She said, "What the Commission is expecting that the economy will continue to grow rapidly enough to create further improvements in returns and inflation in the medium term labor market to the target amount of 2% ratio. If this expectation has supported the following information, our statement indicates that raise prices in December is a possibility. "

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