Stocks plunged across the globe on the news that the Democrats had gained control of the House of Representatives for the first time in twelve years.The markets were worried by the sentiment that the new power balance would be less business friendly and would slow the pace of legislation. In general the results have...
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You know that things are in a bad way when even representatives of an industry body call for a halt. Yesterday The Royal Institution of Chartered Surveyors (RICS) urged the Bank of England to raise interest rates to a five-year high of 5.00 percent on Thursday to dampen the housing market and prevent economic...
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Today we continue with our pick of media analysis of interest rates in the UK. Failing a complete shock the rates are expected to rise 25 basis points to 5 percent this week. As we outlined yesterday, the Reserve Bank of Australia increased rates to 6.25 percent with strong hints that this will not...
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As the globe spins so does the decision time for central banks about their country’s interest rates. Firs off the post this week was Australia, followed by the UK then the Fed in the USA. Strike one, the Australian Reserve Bank (RBA) increased rates by 25 basis points to 6.25 percent. Nobody was surprised...
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