Bank of England Governor puts his principles before pay
Bank of England Governor Mervyn King has refused any pay rise for the next two years, opting to keep his salary at £305,764. The Governor of the Bank of England is eligible for an annual 2.5 per cent increase, worth more than £7,500 a year. This is the second time that Mr King has refused [...]
June 7, 2010
Tags: Bank of England, Bernanke, Credit Crunch, ECB, FED, Loan calculator, uk recession Posted in: Uncategorized 
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Eurozone banks face £165bn in toxic loan losses
The European Central Bank has warned of a second wave of bank writedowns from toxic loans.The European Central Bank warned that eurozone banks face a “second wave” of up to £165 billion in potential loan losses this year and next and that the financial sector is facing “hazardous contagion” from the sovereign debt crisis. The [...]
June 3, 2010
Tags: bonds, borrowing, Credit Crunch, ECB, euro, refinancing rates, sovereign debt, sub prime loans Posted in: Uncategorized No Comments
ECB slows emergency cash support
The European Central Bank (ECB) will scale back its liquidity measures for fear of fuelling inflation- despite rising unemployment. ECB President Jean-Claude Trichet said some fiscal stimulus measures were no longer needed to the same extent. He said any measures that pose “a threat to the achievement of price stability must be undone promptly and [...]
November 19, 2009
Tags: ECB, home loans, Quantitative Easing, recession, refinancing rates Posted in: Uncategorized No Comments
Caution prompts ECB to keep the monetary taps open
The European Central Bank (ECB) said yesterday that it was in no mood to withdraw the emergency measures it has been using to stimulate the eurozone economy in the face of the global financial crisis. Jean-Claude Trichet, the President of the ECB, said that it was too soon to end its support measures. Apart from [...]
September 4, 2009
Tags: ECB, euro, falling interest rates, Loan calculator, Quantitative Easing Posted in: Uncategorized No Comments
Ireland credit rating cut for second time
Ireland had its credit rating cut for the second time in three months and was warned that it could fall further following concerns about the “continued fragility” of its banking sector and doubts about the Government’s bailout plan. Standard & Poor’s (S&P;) downgraded the long-term rating of the former “Celtic Tiger” by a further notch [...]
June 8, 2009
Tags: consolidate debt loans, Credit Crunch, ECB, euro, Interest Rates, recession Posted in: Uncategorized No Comments
Latvian loans rates hit EC banks
Latvian crisis deepens as Europe debates aid as Latvia has been urged to tighten its public finances with fears escalating that the recession hit Eastern European country is facing a huge currency devaluation. The failure of a government bond auction yesterday heightened fears that the tiny Baltic state will have to devalue its currency, the [...]
June 5, 2009
Tags: consolidate debt loans, ECB, euro, IMF, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
European Central Bank falls into line and embraces quantitative easing
Rearguard action by Germans to stave off ‘undesirable option’ dismissed by central bank’s governing council as ECB cuts loans rates to 1%. The European Central Bank is now following the policy first adopted by the Bank of England and America’s Federal Reserve The European Central Bank has cut interest rates a quarter point to a [...]
May 8, 2009
Tags: Bank of England, ECB, falling interest rates, FED, Interest Rates, Quantitative Easing Posted in: Uncategorized No Comments
Loan Calculator radar set on Thursday’s ECB rate decision
Last month the European Central Bank (ECB) surprised the markets by only cutting interest rates by 25 basis points to 1.25%- a record low but when compared against the UK interest rates of 0.5% and against the US of 0-0.25% then comparatively still high in the current global climate. The market wanted to see more [...]
May 6, 2009
Tags: consolidate debt loans, ECB, falling interest rates, FED, Interest Rates, UK loans rates, US loans rates Posted in: Uncategorized No Comments
Risk aversion trades take centre stage for loan calculator
Swine Flu continues to dominate loans market chatter. Unfortunately it is the unknown that is causing the problem rather than anything definite and until we know whether the infectiousness of the virus, which originated in Mexico, can be contained by the World Health Organisation then we won’t be sure of the financial impact. The death [...]
April 28, 2009
Tags: Credit Crunch, ECB, falling interest rates, Loan calculator, 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
