Plenty of reasons for ECB to stall G7 on rates
Article Abstract:
The pressure being placed on the European Central Bank by the International Monetary Fund and the US to reduce interest rates is discussed. European economic affairs commissioner Pedro Solbes believes that European economic growth will remain strong in 2001 and 2002.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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Rates 'must reach 10% to level house price inflation.'
Article Abstract:
It would be necessary for interest rates to be increased to 10% if they were to be used as the sole means of limiting sharp rises in house prices in the UK, according to the Centre for Economics and Business Research. This organization believes that measures contained in the recent Budget to limit rising prices will not be effective. Other research indicates that more than half of senior managers in the UK believe that interest rates will rise to more than 7% by the end of 1997.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Surprise increase in German rates sends world markets lower
Article Abstract:
Bond and share prices across the world have fallen in response to the decision by the German Bundesbank to raise its key money market interest rate by 0.3% to 3.3%. The Dutch and French central banks responded with smaller increases, but the Bank of England announced that UK rates will remain unchanged at 7% in Oct 1997. Economists are warning that the US stock market is still 25% overvalued, with share prices in London, England, being 10% too high.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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