Archive for March, 2005
US interest rates rise to 2.75pc
The US Federal Reserve raised interest rates yesterday for the seventh time in a row and said it would continue to tighten monetary policy at “a measured pace”. The rise in rates by a quarter point to 2.75pc had been widely anticipated and Wall Street was more focused on the text of the accompanying statement. [...]
March 23, 2005
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US, Japan, Germany, France and UK face junk debt ratings
Rapidly rising pension and healthcare spending will reduce the debt status of the world’s richest industrialised countries to junk status within 30 years unless their governments move quickly to balance budgets and reduce outgoings according to Standard & Poor’s. The credit ratings agency says if fiscal trends prevail, the cost of ageing populations will fuel [...]
March 21, 2005
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