Short a dollar

More Rate News

Europe’s Next Rate Move May Be an Increase

Jan 10th, 2008 @ 2:30 PM|CARTER DOUGHERTY|NYT > Business

After the European Central Bank left its benchmark rate unchanged Thursday, the bank’s president suggested that its next interest rate move was most likely to be an increase.

Speaking at a press conference after the bank had left its benchmark rate unchanged at 4 percent, as had been widely expected, Jean-Claude Trichet, the bank’s president, said: “The governing council remains prepared to act pre-emptively so that second-round effects and upside risks to price stability over the medium term do not materialize.”

 

Fed Chief Signals Further Rate Cut

Jan 10th, 2008 @ 2:03 PM|MICHAEL M. GRYNBAUM|NYT > Business

Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.

Welcome to Short a dollar

Welcome to Short a dollar, my feeble attempt to educate myself on the inner workings of the world economy :)

UK Rates Held

Rate freeze hurts homeowners over mortgages

Today 8:01 AM|Telegraph Business

Hard-pressed homeowners hoping for the cost of their mortgage repayments to fall in the New Year have been dealt a blow following the Bank of England's decision the leave rates unchanged at 5.5 per cent.

• The blow comes just days after it emerged that several lenders have still to pass on December's rate cut to its variable rate mortgages.

 

Interest rates held at 5.5pc by Bank of England

Today 8:00 AM|Telegraph Business

The Bank of England has resisted growing pressure to cut interest rates for the second time in as many months as it awaits further evidence that the UK economy is slowing.

Several reasons are provided

• money markets have recovered significantly in the past few weeks
• higher energy prices are now a major threat to inflation