Central banks split over credit squeeze action (Financial Times)
A clear divide between the world?s leading central banks emerged on Wednesday over how best to respond to the credit squeeze and the abnormally high interest rates for lending between banks for periods of more than a month....more...UK house prices (Financial Times)
It has always been a matter of when, not if. But those predicting the top of the UK housing market have looked rather silly as prices surged ever higher. Perhaps not for long. August data from the Royal Institute of Chartered Surveyors showed that house prices fell for the first time in 22 months....more... (AFX UK Focus) 2007-09-13 16:03 GMT: FOCUS UK housing market in clear slowdown (Interactive Investor)
LONDON (Thomson Financial) - The much-anticipated slowdown in the UK housing market is finally starting to rear its head, and analysts say this deterioration is set to accelerate....more... (AFX UK Focus) 2007-09-13 09:45 GMT: UK inflation expectations for coming yr 2.7 pct in August, same as in May - BoE (Interactive Investor)
LONDON (Thomson Financial) - UK inflation expectations for the coming year remained at 2.7 pct in August, despite the sharp drop in inflation during July, a key survey by the Bank of England and pollsters GfK NOP showed....more... House prices falling (Guardian Unlimited)
· High interest rates biting, surveyors' report finds· Only London continues to see property prices rising...more... FX round-up: Dollar drops as rates seen falling (ShareCast)
LONDON (SHARECAST) - The dollar was lower against sterling and the euro Monday as dealers bet that the Federal Reserve will cut US interest rates at its meeting next week....more... Savers cash in on squeeze (Daily Telegraph)
Savers are being offered the best rates for six years as banks rattled by ongoing turmoil in the financial markets attempt to attract investors....more... House price slowdown hits sterling (FT.com via Yahoo! News)
The pound came under pressure on Thursday, holding close to a four-month low against the euro, after a survey showed showed UK house prices fell for the first time in two years....more... BoC can best help markets by curbing inflation: Dodge (The Globe and Mail)
LONDON (Reuters) - The Bank of Canada can best promote market stability by keeping inflation under control, Governor David Dodge said on Wednesday, adding that policymakers need to see more data before changing their policy stance....more... |