Mortgage and Financial News From 2008-1-15 Page 76

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  • Inflation Figures To Make Interest Rate Decision Hard

    Ananova - The cost of living is expected to remain above official targets for the third successive month after continued pressure from soaring food and oil prices. The Bank of England's inflation measure, the Consumer Prices Index, was above target at 2.1% in ...
    2008-01-15 12:59:00
  • UK Inflation Stays Above Target in Dec.

    Forbes - The stabilization in consumer price inflation in December keeps a February interest rate cut by the Bank of England very much on the cards, and we expect rates to be trimmed from 5.5 percent to 5.25 percent," said Howard Archer, analyst at Global ...
    2008-01-15 02:47:00
  • Food and fuel drive fastest rise in industry's costs for 16 years

    Times Online - Surging fuel and food costs sent the price of goods leaving factories soaring last month at the fastest annual pace for 16 years, raising fears that persistent inflationary pressures will thwart steep interest rate cuts to bolster a vulnerable ...
    2008-01-15 12:09:00
  • Fastest rise for 17 years in factory gate prices

    Daily Telegraph - ... the fall in sterling is now driving prices higher. He said: "This will not prevent near-term [rate cuts] but does serve to highlight the inflationary consequences of a weaker currency and is likely to constrain the pace and extent of interest rate cuts
    2008-01-15 03:01:00
  • ECB quick tender to absorb 20.0 bln eur liquidity fully taken up

    Forbes - The ECB offered a fixed interest rate of 4.00 pct to banks tendering funds. Bids by banks totaled 45.712 bln eur, it said. christoph.steitz@thomson.com cs1/ejp COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying ...
    2008-01-15 02:47:00
  • FOREX-Dollar slips vs yen, spotlight on banks' results

    Reuters - LONDON, Jan 15 (Reuters) - The dollar matched the previous day's seven-week low against the yen on Tuesday on expectations that U.S. retail sales data and banking results could boost the case for aggressive, growth-boosting interest rate cuts ...
    2008-01-15 12:52:00
  • Dollar firmer as US rate cut speculation builds

    News.com.au - THE Australian dollar was stronger at noon as the greenback weakened in the face of growing expectations of further US interest rate cuts. At 1noon (AEDT), the Australian dollar was trading at $US0.8977/79, up from yesterday's close of $US0.8942/46 ...
    2008-01-14 07:09:00
  • Lenders sting customers with higher rates

    Reuters UK - LONDON (Reuters) - Lenders are stinging consumers with far larger increases in the cost of borrowing than hikes in the official interest rate, figures show. Average rates on personal loans have increased by more than the Bank of England base rate ...
    2008-01-15 12:31:00
  • Dollar falls amid speculation of U.S. rate cut

    Xinhua News Agency - NEW YORK, Jan. 14 (Xinhua) -- The dollar fell against major currencies on Monday as speculation persists that the Federal Reserve will slash interest rates later this month. Some of Wall Street's largest banks will be reporting their earnings this ...
    2008-01-14 08:35:00
  • Dollar Slips vs. Yen, Spotlight on Banks' Results

    CNBC - The dollar matched the previous day's seven-week low against the yen on Tuesday on expectations that U.S. retail sales data and banking results could boost the case for aggressive, growth-boosting interest rate cuts. [ C   Loading ...
    2008-01-15 01:57:00
  • S.Korean won rises on U.S. rate cut expectations

    Reuters India - SEOUL, Jan 15 (Reuters) - The South Korean won rose slightly against the dollar on Tuesday on expectations for a reduction in U.S. interest rates weighed down the U.S. currency, but gains were limited by the local stock market's drop. The won
    2008-01-14 10:43:00
  • (Adds call for interest rate cut, further figures)

    Reuters UK - LONDON, Jan 15 (Reuters) - Tesco Plc (TSCO.L: Quote , Profile , Research ), Britain's biggest retailer, reported on Tuesday a 3.1 percent rise in underlying sales at UK stores open more than a year for the six weeks to Jan. 5, missing analysts ...
    2008-01-14 11:48:00
  • Japan's Bond Buyers Bet on Rate Cut, Fukoku Life Says (Update2)

    Bloomberg - Jan. 15 (Bloomberg) -- Japan's bonds may rise as investors start betting that the central bank will cut rather than raise interest rates, Fukoku Mutual Life Insurance Co. said. The Bank of Japan may lower borrowing costs for the first time since 2001 ...
    2008-01-15 12:38:00
  • Treasuries Rise; Fed May Cut Interest Rate by Most Since 1984

    Bloomberg - Jan. 15 (Bloomberg) -- Treasury notes extended a seven- month rally as traders bet the Federal Reserve will cut interest rates by the most since 1984 to prevent losses stemming from defaulted subprime mortgages from causing a recession. Yields were ...
    2008-01-14 11:55:00
  • ECB main refi average rate 4.21 pct; marginal rate 4.16; awards 190.5 ...

    Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at todays main refinancing operation fell to 4.21 pct from 4.22 pct last week. The marginal rate -- the lowest rate at which bids were ...
    2008-01-15 02:40:00