Mortgage and Financial News From 2007-12-18 Page 13

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  • Majority of lenders pass on cut

    BBC News - Most UK lenders have now passed on the latest interest rate cut in full to borrowers, despite earlier fears that some would not. The Bank of England trimmed rates to 5.5% from 5.75% earlier this month. Britain's two biggest mortgage lenders Halifax ...
    2007-12-18 09:11:00
  • New Zealand's Economy Probably Grew at Slowest Pace in a Year

    Bloomberg - Slowing growth suggests Reserve Bank Governor Alan Bollard may have done enough to cool inflation after raising his benchmark interest rate to 8.25 percent this year. Most economists expect the bank will keep borrowing costs unchanged until at least ...
    2007-12-18 12:31:00
  • Canada's Government Bonds Rise on Contained Core Consumer Price

    Bloomberg - The gain stalled following policy makers' quarter- percentage point benchmark interest-rate cut on Dec. 4 amid concern that U.S. credit-market and housing-related woes will spill over into Canada. To contact the reporter on this story ...
    2007-12-18 01:14:00
  • Canada Core Inflation Unexpectedly Slows in November (Update3)

    Bloomberg - Bank of Canada Governor David Dodge on Dec. 4 lowered the central bank's benchmark interest rate for the first time since 2004, saying a global credit slowdown and a high Canadian dollar are slowing economic growth and inflation. The strengthening ...
    2007-12-18 01:14:00
  • UPDATE 3-Canadian inflation eases, bucks global trend

    Reuters - OTTAWA, Dec 18 (Reuters) - Canada's core inflation rate slowed to 1.6 percent in November, the lowest level since December 2005, leaving the door wide open for at least one more interest rate cut by the Bank of Canada early next year. The inflation ...
    2007-12-18 10:51:00
  • Benign inflation data weigh on sterling

    Financial Times - The pound lost ground on Tuesday as benign inflation data heightened the prospects of further cuts in UK interest rates. UK consumer price inflation came in unchanged at an annual rate of 2.1 per cent in November, below expectations for a slight rise ...
    2007-12-18 11:48:00
  • Fed interest rate expectations underpin dollar

    Reuters - LONDON (Reuters) - The dollar rose towards this week's two-month high against major currencies on Tuesday, underpinned by expectations that the threat of rising inflation could prevent the Federal Reserve from cutting interest rates aggressively ...
    2007-12-18 05:43:00
  • 350bn boost by ECB stuns investors

    MSN MoneyCentral - Short-term market interest rates in the eurozone plunged at their fastest rate for more than a decade on Tuesday after the European Central Bank stunned investors by pumping a record €348.6bn ($502bn) worth of funds into the markets. The size of ...
    2007-12-18 12:38:00
  • Inflation leaves door open for interest rate cut

    Times Online - Consumer price inflation remained steady at 2.1 per cent last month, below expectations of 2.2 per cent growth, as higher petrol prices offset falling utility bills. The FTSE 100 index rose 7.5 points to 6,285.3 on the data, which will give the Bank ...
    2007-12-18 09:32:00
  • Pound Declines on Speculation Central Bank to Cut Interest Rate

    Bloomberg - Dec. 18 (Bloomberg) -- The pound fell against the euro on speculation the slowing economy will prompt the Bank of England to lower borrowing costs, widening the interest-rate differential with the 13 nations sharing the common currency. The U.K ...
    2007-12-18 09:04:00
  • Share market volatility may bar interest-rate rise

    News.com.au - FEBRUARY'S expected Reserve Bank interest rate rise may be put on hold as the stock market continues its white-knuckle roller-coaster ride driven by the global credit crunch. Investor fears that the debt crisis still has a way to go before it washes ...
    2007-12-18 01:36:00
  • U.K. Inflation Rate in November Lower Than Forecast (Update2) (Bloomberg.com)

    Dec. 18 (Bloomberg) -- The U.K.'s inflation rate was lower than economists forecast in November, suggesting the Bank of England has room to make further interest rate cuts to spur economic growth.
    2007-12-18 02:45:25
  • U.K. Inflation Rate in November Lower Than Forecast (Update3) (Bloomberg.com)

    Dec. 18 (Bloomberg) -- The U.K. inflation rate held at 2.1 percent in November, below economists' forecasts, giving the Bank of England room to cut interest rates further.
    2007-12-18 06:31:47
  • No interest rate changes for three-month T-bills, but six-month bills rise (Tacoma News Tribune)

    Interest rates on short-term Treasury bills were mixed in Monday’s auction, with three-month bills unchanged and six-month bills posting an increase.
    2007-12-18 04:05:16
  • Europe bourses slide as Fed interest rate cut hopes fade (Gulf Times)

    LONDON: World stock markets slumped yesterday on worries that resurgent US inflation would reduce the likelihood of another US interest rate cut to shield the economy from a credit crunch, dealers said.
    2007-12-17 09:02:55