Archive for February 21st, 2007

British mortgage lending rose strongly again, building society mortgage approvals hit a record high and money supply growth picked up in January, bolstering the case for higher interest rates this year. ‘It seems highly likely that interest rates will rise further still before long,’ said Howard Archer, an economist Global Insight. The British Bankers’...
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The yen fell for a fourth day as the Bank of Japan said interest-rate increases will be gradual, after policy makers raised borrowing costs for the second time in eight months. Japan’s currency declined after the central bank, which voted 8-1 to increase its overnight lending rate a quarter percentage point to 0.5 percent,...
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