A recent report has suggested that the UK economy is moving ahead to mark a robust growth this year, motivated by the thriving financial sector and constantly increasing business investment. The report was prepared by the Ernst & Young ITEM Club that has used Treasury’s own model of the ec[...]
Posts Tagged ‘Interest Rate’
June 25th, 2012 - 10:57 am § in News Of Economy
US housing showing signs of recovery, new home sales hit in 2006
The U.S. housing sector has shown some signs of recovery with strong gains reported in sales of new homes in December, according to an official data released by the Commerce Department. The data indicated that new orders for costly manufactured goods in December have increased considerably and now a[...]
May 22nd, 2012 - 1:42 pm § in News Of Economy
US Federal Reserve leaves interest rates unchanged amid high inflation threat
The Federal Reserve policymakers voted unanimously to keep interest rates unchanged in an expected move. However, they acknowledged that the nation’s economy is under pressure from the housing sector’s painful slump. While signaling that inflation fears remain a front-burner worry it dum[...]
May 20th, 2012 - 1:39 pm § in News Of Economy
‘Uncertainties’ have grown in US economy: Fed Chief, stocks slide amid inflation concerns
US stocks lost more ground after Federal Reserve Chief Ben Bernanke highlighted risks to US economic growth and signaled a steady hand on interest rates. Shares of some of the biggest US corporations, General Motors, retailer Wal-Mart and Boeing fell, leading the blue-chip Dow Jones Industrial Avera[...]
May 14th, 2012 - 1:28 pm § in News Of Economy
Fed says rate increases may prove essential as growth, inflation remain uncertain
The Federal Reserve has reinforced its position that inflation remained the biggest threat to the economy in its minutes from the March meeting. At the last meeting, Federal Reserve officials had concluded that more interest rate increases might be needed to suppress rising inflation, although they [...]
May 9th, 2012 - 1:21 pm § in News Of Economy
Overheating fears intensify as China’s economy surges 11.1 percent in first quarter
China’s economy in the first quarter grew 11.1 percent from the corresponding period last year, fuelled by rapid investment and booming exports. At the same time, a series of recent monetary tightening measures taken recently seem to have apparently little impact to restrain the activity. Howe[...]
April 24th, 2012 - 12:18 pm § in News Of Economy
Bank of England hints to increase Interest Rates
The Bank of England signaled further to increase its interest rates to bring inflation down to the announced target as unemployment fell to the lowest since October 2005. The U.K. central bank estimated inflation will dip to around 1.8 percent in the middle of next year, later than it predicted in F[...]
April 15th, 2012 - 8:42 am § in News Of Economy
New Zealand central bank increases bank rate to record high
New Zealand’s central bank increases its interest rate to a record high 8 percent from 7.75 percent amid the speculation of surging inflation. Bank heightened the official cash rate by quarter-percentage-point is bank’s third consecutive tightening this year and has now put interest rate[...]
April 9th, 2012 - 6:49 am § in News Of Economy
Bank of Japan keeps interest rate at 0.5 %
The Bank of Japan decided to retain the interest rate at 0.5 percent. It was expecting that bank of Japan would increase its benchmark bank rate, but bank emphasis to judge the economic strength before tightening policy. Policy makers are in a favor of adopting an economy boosting policy to ensure c[...]
April 7th, 2012 - 9:18 am § in News Of Economy
Fed worries about Inflation
Although, slumping prices for the new homes is trimming the profits of homemakers yet the Federal Reserve officials are worried about the inflation. Federal Reserve voted to steady the interest rate on 5.25, to study the economy better. May 9 meeting, which was called for the further plan, worried a[...]