Bank may echo US warnings over future rise in ratesThe Bank of England is poised to follow the US by warning high street banks of the new risks they face from future rises in interest rates and the current upheaval in the bond markets.Deputy Bank of England governor Paul Tucker has admitted that UK authorities [...]
When the market decides to sell the news, or just plain sell off, there is little that can stop it. We’ve had three pretty significant things within the last 24 that would have allowed the market to turnaround.
1) Bernanke re-appointed. -Takes…
The post-Lehman Fed unanimity has finally been broken. The Fed again voted to keep interest rates unchanged in the 0 to 0.25 per cent range for an ‘extended period.” But [...]
The Federal Reserve decided to leave the Fed Funds rate unchanged at a range of 0 to 25 basis points, just like everyone expected them to do. Below are the current statement and the December statement, along with my analysis of the changes and commenta…
The central bank has cut all its key rates by 50bp, following similar cuts last month, but warned of ‘limited room for manoeuvre’ if access to foreign capital markets is [...]
The days of banking self-rule are over – Davos policymakers must make tough choices on regulation and rewardsThe mood in Davos is more cheerful this year. That’s hardly a surprise since the world economy was having a near-death experience a year ago. Industrial production was collapsing and world trade contracting at rates similar to those [...]
Bank of England rate-setter says strength of international economy, rising confidence and improving housing market will force up interest rates as UK recoversStrength in the international economy will help the UK avoid a double-dip recession but the pace of recovery remains uncertain, according to a Bank of England policymaker.Andrew Sentance, a member of the rate-setting [...]
Thanks Bill. This from Bill Gross, manager of the world’s largest bond fund. The man James Carville might have wanted to be reincarnated as – and the 32nd most powerful person in the world, according to Forbes.
The UK is a must to avoid. Its Gilt…
The Central Bank of Kenyan has kept the central bank rate at 7 per cent in spite of falling inflation and rising growth. Inflation has fallen dramatically, partly because of [...]
The Malaysian central bank has kept the overnight policy rate at 2 per cent. In an upbeat statement, the Bank said inflation had turned positive, the economy was expanding, and [...]