For the past ten years television viewers in the US, UK and Australia have been avid consumers of home improvement shows. The trend was reflected in the growing value of properties in these markets and the expectations that dabbling with Ikea furniture and learning about ‘spaces’ and ‘color’ would somehow even further enable bigger...
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The Bank of England raised interest rates by 25 basis points to 5 percent this afternoon. The move was not unexpected as despite recent decrease in oil prices the CPI only eased marginally from 2.5 percent in August to 2.4 percent in September. Worries remained that the broader Retail Price Index (RPI) increased from...
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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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