Archive for April, 2007
ECB keeps rates on hold at 3.75 per cent
The ECB announced that it would keep interest rates on hold at 3.75 per cent after its monthly rates setting meeting yesterday afternoon. The hawkish tone set by Jean-Claude Trichet, president of the ECB, didn’t involve his favourite phrase; “Strong Vigilance”, which he usually uses when indicating a possible rates rise in the following month, [...]
April 13, 2007
Tags: ECB Posted in: Uncategorized 
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Refinancing rate rises worries as markets digest data
Data from the British Retails Consortium, out last night, showed no signs of a slow down in UK consumer spending. Healthy growth in March gives further support to those pushing for a rates rise as early as May. Retail sales growth was up from 5.6 per cent last month to 6.2 per cent for March [...]
April 12, 2007
Tags: FOMC, loans rates, UK loans rates Posted in: Uncategorized No Comments
China worries loan calculator market
The intensified tension followed China’s stance to decline an invitation to take part in the G7 talks which are to be held in the US. This seems to be tit-for-tat retaliation against the Americans complaint to the World Trade Organization over arguments about intellectual property rights and China’s restrictions on foreign book and film sales. [...]
April 11, 2007
Tags: china, ECB Posted in: Uncategorized No Comments
Loan calculator considers 5.25 stable interest rates
As this was a quiet trading period in Europe due to the extended bank holiday there is not much to report, however as people prepared to close down for the approaching Easter weekend on Thursday last week, the Bank of England announced that it would keep base rates on hold at 5.25% for the third [...]
April 10, 2007
Tags: home loans-rates-UK, Loan calculator Posted in: Uncategorized No Comments
UK holds interest rates at 5.25%
The cost of borrowing remained at 5.25 per cent on Thursday but a large majority of economists expect the Bank of England to deliver another increase in May. The Bank’s decision not to change its main interest rate followed evidence that industrial growth is slowing and the housing market may be losing some of its [...]
April 5, 2007
Tags: Bank of England, UK loans rates Posted in: Uncategorized No Comments
Loan calculator consider UK growth
The loan calculator market remains focussed on the Bank of England meeting tomorrow. The median forecast from economists polled by Reuters last week gave a 25% likelihood of an April hike. The markets are also eagerly awaiting further data in order to determine the scope for further interest rate hikes from the ECB over the [...]
April 4, 2007
Tags: Bank of England, UK loans rates Posted in: Uncategorized No Comments
Growing speculation of UK rate hikes
The tension mounts ahead of the Bank of England rate announcement on Thursday. Sterling has been benefiting from increasing data backed speculation that there will be another rise of 25bp taking base rates in the UK to 5.50%. Yesterday the UK published figures showing homeowners profiting from soaring house prices to fund consumer spending alongside [...]
April 3, 2007
Tags: Bank of England, refinancing rates, UK loans rates Posted in: Uncategorized No Comments
Rate expectations boost Pound
The Pound climbed to a two month high against the dollar on Monday as the chances of a near term rise in UK interest rates climbed despite a report that suggested UK manufacturing growth slowed in March. The UK purchasing managers’ index fell from 55.4 in February to 54.4 in March, a larger than expected [...]
April 2, 2007
Tags: Interest Rates, refinancing rates, UK loans rates Posted in: Uncategorized No Comments
