Eurozone interest rates still held at 1%
The European Central Bank (ECB) has kept interest rates on hold at 1% as was widely expected.It is the 17th consecutive month the rate has stayed at the record low, amid concerns over the economic outlook. Earlier, the International Monetary Fund warned that the eurozone would see only moderate growth this year and next. There [...]
October 14, 2010
Tags: Bank of Japan, ECB, eurozone, IMF, Interest Rates Posted in: Uncategorized 
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Japan keeps interest rates on hold at 0.1pc
Japan’s central bank has kept its benchmark interest rate unchanged as it tries to nurture the country’s slow recovery from recession while also attempting to tackle deflation- rates have been held at 0.1% since the end of 2008. Besides falling prices, the strong yen – which eats into the value of overseas earnings for Japanese [...]
August 16, 2010
Tags: Bank of Japan, Interest Rates, recession Posted in: Uncategorized One Comment
Swine flu fears may hit airline, hotel shares
Travel and hotel groups are braced for a turbulent ride today as the markets react to fears over the strain of swine flu that was reported to have killed up to 71 people and closed much of public life in Mexico at the weekend. Analysts said that the news would revive memories of the 2002-03 [...]
April 27, 2009
Tags: Bank of Japan, Credit Crunch, recession, uk recession Posted in: Uncategorized No Comments
UK data weak- but above consensus
UK manufacturing and Industrial production data has been released this morning- both slightly better numbers than expected but that still does not hide the fact that it is grim reading. The year on year drop in industrial production is the biggest drop since the series began in 1968. The year on year drop in manufacturing [...]
April 7, 2009
Tags: Aussie loans rates, Bank of Japan, ECB, falling interest rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
German retail sales fall
German retail sales for February have fallen 0.2% against the consensus of a rise of 0.2% this morning reinforcing the weak sentiment in Germany. Yesterday we saw unemployment levels rise to 8.6% as the powerhouse of Europe comes under real pressure- this will heighten the cause for more action from the ECB tomorrow. Today, news [...]
April 1, 2009
Tags: Bank of Japan, ECB, falling interest rates, G20, Loan calculator, unemployment Posted in: Uncategorized No Comments
Range trading continues
The Euro zone data released this morning (CPI and EU unemployment) has carried the theme of the week and met the consensus expectations. The fact that CPI has remained steady will slightly ease the pressure on the ECB to cut interest rates in their March meeting. Over the last week we have continued to see [...]
February 27, 2009
Tags: Bank of Japan, Credit Crunch, Loan calculator, recession, refinancing rates Posted in: Uncategorized No Comments
Asia stocks fall on growing US economic fears
Asian stocks fell heavily this morning following last night’s sharp decline in American shares. Investors responded to fears that the world’s largest economy is sinking further into recession and speculation that the US Government may be forced to buy stakes in ailing banks, despite assurances from Washington that lenders would not be nationalised. Japan’s Nikkei [...]
February 24, 2009
Tags: Bank of Japan, Credit Crunch, Loan calculator, recession, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
MPC- more interest rates cuts on the cards
The minutes from this month’s Monetary Policy Committee meeting revealed that the MPC recognised the need for a cut in rates of at least 200 bp to ensure that their long-term inflationary goals would be met. However, they decided that a cut of this magnitude might have serious adverse effects on the value of the [...]
November 20, 2008
Tags: Bank of Japan, falling interest rates, FED, Interest Rates Posted in: Uncategorized No Comments
G20 Fail to satisfy markets on immediate measures
The results from the G20 meeting are at first sight disappointing. Barack Obama didn’t show, there was no mention of further co-ordinated monetary easing and no agreement on the wisdom of a large global fiscal stimulus. Only an agreement to lay out a work plan, to be finalised before the next get-together in April next [...]
November 17, 2008
Tags: Bank of Japan, falling interest rates, G20, recession, refinancing rates Posted in: Uncategorized No Comments
Bank of Japan keeps interest rates on hold
The mortgage rates lenders traded in a narrow range until the announcement last night that the Bank of Japan kept its interest rates on hold. Today the yen has lost ground to the dollar and euro. Other currencies such as the Australian and New Zealand dollars, the Norwegian krone and the South African rand have [...]
October 11, 2007
Tags: Bank of Japan, Interest Rates Posted in: Uncategorized No Comments
