Interest rate cut hopes increase October 2nd, 2008

News that banks are looking to further tighten their lending criteria and the ever reducing number of new mortgage approvals raises hopes that the Bank of England will cut interest rates.

The Bank was widely expected to reduce rates in November from 5% to 4.75%, but the news of further economic slowdown could prompt the decision to be brought forward to October when the Monetary Policy Committee meets next week. Longer term predictions suggest that interest rates could fall to 3.75% by the end of 2009.

Bookmark and Share

Tags: ,
Posted in Banks, Economics |

You can leave a response, or trackback from your own site.

Leave a Reply



LSE index gains 16.15 points 3 Sep 2010 00:14, brecorder
...

GLOBALFOUNDRIES führt branchenerste 28 nm ARM Cortex-A9 Prozessorplattform mit Gate First High-K Metallelektrode ein 3 Sep 2010 00:13, FinanzNachrichten
... Technology Conference stellte GLOBALFOUNDRIES ein sogenanntes Qualification Vehicle, basierend auf dem Cortex-A9 Doppelprozessor [(LSE: ARM); (Nasdaq: ARMH)] vor, ein Novum für die 28 nm High-K Metal Gate (HKMG) ...

Click for the latest world news headlines from EIN News

Murdoch: Global economy is still not out of turmoil 3 Sep 2010 01:10, Yahoo
... Murdoch described the 700 pence per share offer for the 61 percent of BSkyB (LSE: ) it does not already own as "attractive" and a "logical and disciplined plan." ...

More from EIN news >>

Customize your own free news feed at Newsfeed Maker.com.

  • Selection from Glossary

    • New Highs and Lows
      As the name suggests, the new highs and lows list shows stocks whose share price has reached either a new high or new low. The list can help pinpoint shares that are performing better or worse than their peers in the same sector. Viewed over a period of time, some stocks will consistently appear in one side of the list. Compare the shares performance to companies in the same sector and also to the sector average itself to identify potential over or under performers, particularly if the sector trend is moving in the opposite direction.