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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With the likelihood of base rate increases in the UK on Thursday we’ve been scouring various analysis in the media for hints of whether this will be the last rate increase or not. A few months ago figures and analysis pointed to the likelihood that rates would increase just one more time at the...
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When Microsoft bought WebTV back in the summer of 1997 the pundits predicted the end of the TV as we knew it and the beginning of a new era of interactive TV. So when Microsoft announced that it would be providing movies through the Xbox 360 yesterday the hurrah were less than one may...
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With the news a few days ago that Britain’s second largest lender, Abbey would be lending up to five times income for some borrowers, one is reminded that crazy things happen to sane institutions before a fall. Many at the moment do not dispute that the UK housing market is in a dangerous state...
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