Mortgage and Financial News From 2007-9-6 Page 33
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UPDATE 2-BoE breaks silence and acts to calm money markets
Reuters - LONDON, Sept 5 (Reuters) - The Bank of England broke its silence on Wednesday over the current storm engulfing world financial markets and took steps to bring overnight interest rates down. Commercial banks will from Thursday up their aggregate ...
2007-09-05 08:25:00 -
Bank expected to hold rates
Guardian Unlimited - Some financial institutions have been offering interest rates of as much as 8% on ordinary saving accounts. "The current turmoil is effectively leading to a tightening of policy," said Howard Archer, economist at Global Insight. Some analysts are ...
2007-09-05 01:51:00 -
Jobless rate remains at 33-year low
The Australian - The August data has done nothing to allay this anxiety,” he said. “Ongoing strong jobs market conditions mean that the RBA may need to (raise interest rates) another notch assuming no lasting fallout from the current financial market turbulence ...
2007-09-05 10:15:00 -
Asian markets pressured by Wall Street; Korea, Taiwan outperform
Forbes - SINGAPORE (Thomson Financial) - Weaker-than-expected US housing data and a fresh spike in short-term interest rates weighed on ... Asian market valuations are attractive at current levels and supported by firm fundamentals, said Gabriel Yap, dealing ...
2007-09-05 10:30:00 -
BoE set for rare statement with unchanged rate decision to address ...
Forbes - ... for the next month by 6 pct, and was prepared to add an additional 25 pct if overnight interest rates ... So, in the current scenario, unchanged policy would imply rates rising again in the coming months and a change would be to leave them on hold.
2007-09-05 10:58:00 -
Bank takes step to lower overnight rates
MSN UK News - ... England raised its aggregate reserves target for the next month by 6 percent on Wednesday to 17.630 billion pounds and said it stood ready to add 25 percent more if overnight interest rates stayed high. In its first public statement since the current ...
2007-09-05 06:38:00 -
Lenders poised to raise interest rates
News.com.au - Mr Robertson said current market forces were dictating that short-term interest rates had to be higher than the cash rate. "It is more important to the economy because it sets the funding and lending rate for the banks," Mr Robertson said. The bills ...
2007-09-05 06:26:00 -
Bank of Canada cites uncertainty, holds interest rates steady and options open (CP via Yahoo! Canada News)
OTTAWA (CP) - The Bank of Canada stepped to the sidelines Wednesday, leaving its key interest rate unchanged at 4.5 per cent in the face of a global liquidity crisis it said could damage the Canadian economy - or leave it largely unscathed.
2007-09-05 09:54:00 -
Canada: Interest Rates Unchanged (AP via Yahoo! Finance)
Citing uncertainty about where the economy and inflation are heading, the Bank of Canada has opted to take a cautious approach and keep its key target overnight interest rate at 4.5 percent.
2007-09-05 09:14:18 -
Bank set to leave interest rates on hold (Reuters.co.uk)
LONDON (Reuters) - Interest rates are certainly not going up this month, say economists, and after five hikes since August 2006, they may not climb any further this year.
2007-09-05 12:08:17 -
National Bank of Hungary official interest rates - 05/09/2007 (Interfax)
BUDAPEST. SEPTEMBER 5. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Hungary (MNB). The Central Bank's Monetary Policy Council kept official interest rates unchanged at its August sitting.
2007-09-05 12:01:50 -
Bank Of Canada Leaves Interest Rates Unchanged (Nasdaq)
(RTTNews) - The Bank of Canada announced it latest decision on interest rates on Wednesday, revealing that it is maintaining its target for the overnight rate at 4.5 percent. The bank had raised its rate target by a quarter point at its last meeting in July.
2007-09-05 06:25:13 -
UK August Consumer Confidence Falls On Impact Of Interest Rates Rises - Nationwide (Nasdaq)
(RTTNews) - The UK Consumer Confidence fell back in August reflecting the impact of five interest rates rises over the past year, the Nationwide said Wednesday.
2007-09-05 04:37:02 -
Lenders may raise interest rates (Adelaide Now)
HOME lenders could be forced to raise interest rates on home loans after a sharp rise in the cost of wholesale finance as money markets battle a global credit crunch.
2007-09-05 05:00:00
