Interest rates News
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From Saturday April 26, new rules will apply for anyone wishing to take on a new mortgage in the UK. Prospective buyers will be quizzed on a number of personal lifestyle expenditures before a loan is granted.
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London -
News that unemployment in the UK is apparently falling is a mixed blessing. The Office of National Statistics, ONS, reports the jobless rate is down for the third quarter in a row to 7.6 percent, the lowest since 2009.
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Washington -
Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?
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The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates. Many important, global banks are involved, but the consequences are insignificant.
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Ottawa -
Last quarter, the Canadian household debt ratio to disposable income rose to 165% slightly above the already alarming ratio of 164.7% the previous quarter.
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The governments of the world lurch from crisis to crisis as they try to prop up the corrupt, debt-based money system, but there is a positive alternative if they have the courage to take it.
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Ottawa -
A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.
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Toronto -
Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.
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Canberra -
The Reserve Bank of Australia has lowered its interest rate from 3.25% to 3% to help bolster the economy. This is the lowest interest rate level since 2009
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London -
The Governor of the Bank of England is paid a salary of over £300,000. For that sort of money, it might be expected he gets things right occasionally. Alas...
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According to a new study by RBC Bank, the Canadian housing market could be facing some major challenges in 2013 if interest rates begin to rise. For young adults these rates and the overall costs may be a factor for living with mom and dad.
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Sydney -
Globalization has revealed exactly how many idiots, elected and otherwise, there are in top echelons in business and government around the world. They insist on using old logic to solve new problems.
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Paris -
The Organization for Economic Co-operation and Development (OECD) published its latest report Tuesday, in which it notes of a "severe recession" due to the Eurozone crisis. It also urged Bank of Canada Governor Mark Carney to raise interest rates.
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Sydney -
Talk about ridiculous. The banks are borrowing from central banks at artificially low rates. They now want to reduce the rates paid on savings, as a result of issues created by their own mistakes.
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The Federal Reserve decided on Tuesday to continue the run of near-zero interest rates, choosing not to tamper with what some have called the beginning of an economic recovery.
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Sydney -
Economics is the science that got lost in itself and still can't find the way out. The theories, the principles and the machinery of a lost world are now still clanking on, ineffectually. The science bleats on as the machine falls to bits.
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Italy’s borrowing rates have gone way up after bond auctions took place on Friday. Now the country has been forced to pay record interest rates.
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President Obama announced changes to student loans on Wednesday, that will come into effect in January. However they will only apply to federal, rather than private student loans, and changes to the repayment program will only benefit the poorest.
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This morning the Bank of Canada kept interest rates steady but announced that rising inflation, the growing value of the Canadian dollar and an unexpectedly quick and healthy recovery would soon spell an end to historically low rates.
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Ottawa, Canada -- The Bank of Canada has announced that its key lending rate will remain unchanged at a record low 0.25 percent. Strong economic growth is cited as the prime reason.
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Ben Bernanke, Chairman of the U.S. Federal Reserve, said on Sunday that a lack of regulation, rather than low interest rates, was the main reason for the housing bubble which, when burst, was largely responsible for the recent global financial crisis.
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Norway has become the first European country to raise its interest rates since the global financial crisis began in earnest, citing better than expected economic growth as the reason for the decision.
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In the spring of 2009, the U.S. Congress passed legislation limiting credit card companies' ability to raise interest rates and impose new fees on customers.
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Many banks have deliberately designed billing systems to periodically generate payment due dates that are 5 to 6 days earlier than normal in an effort to catch automatic bill payers in a missed due date scam.
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The Bank of Canada announced it is lowering interest rates by one-quarter of a point to 2.25 per cent. A statement released Tuesday morning says "three major interrelated developments are having a profound impact on the Canadian economy."
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Real estate prices seem to be unsustainable in Reykjavik, Iceland. High interest rates and aggressive buying may not support the market much longer.
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The greenback took a hit after investors decided that economic forces would prevent a Federal Reserve rate rise. This isn’t quantum mechanics. It just looks like it. The Fed has to try to find a working rule for something that doesn't work any more.
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In the series' second article, we look further into the real causes of inflation, and how the Reserve Bank looks the other way. We expose massive oil fraud and Rudd's corrupt refusal to regulate monopoly.
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"The guys who screwed up the mortgage markets are bringing their awesome skill sets to bear on physical commodity markets."
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The gasping sound you hear on stock market reports comes from an unexpected hyperventilating breather given by the US Federal Reserve. The 0.75 percent reduction has at least temporarily calmed a nervous market. Global market chaos has also subsided.
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Interest rates Image
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