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Showing 261 - 270 of 344 results for "Bank of England"

Scary Money

BENJAMIN ONG  |  FRIDAY, 5 DEC 2008
... confidence in the economy. The ECB has never reduced interest rates by this much since its creation a decade ago. The Bank of England lopped off 100 basis points, taking interest rates down to 2 per cent - the lowest since 1951. This followed November's ...

Mine's bigger than yours

BENJAMIN ONG  |  MONDAY, 10 NOV 2008
... markets dive -- too much to bear. This is why in a week where other central banks were cutting interest rates, the Bank of England (BoE) produced the mother of all rate cuts. Last week central banks in Australia, South Korea, India, Czechoslovakia, Denmark ...

Market Wrap - Morning

AAP  |  FRIDAY, 7 NOV 2008
... fears the world economy faces a deep and long lasting recession as the global financial crisis saps growth. The Bank of England slashed its key lending rate by a record 1.5 percentage points to 3.0 per cent while the European Central Bank cut its main ...

Depression no more?

BENJAMIN ONG  |  TUESDAY, 14 OCT 2008
... Austria, Italy, the Netherlands and Portugal. In addition, the US Federal Reserve, the European Central Bank, the Bank of England and the Swiss central bank will now auction unlimited dollar funds as against their previous capped swap arrangements. Rumours ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
... lowered the fed funds rate to 1.5 per cent, the European Central Bank dropped its repo rate to 3.75 percent, the Bank of England cut its base rate to 4.5 per cent, the Bank of Canada to 2.5 per cent, the Swiss National Bank to 2.5 per cent and Sweden's ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
... the provision of U.S. dollar liquidity in amounts of up to $30 billion by the Bank of Canada, $80 billion by the Bank of England, $120 billion by the Bank of Japan, $15 billion by Danmarks Nationalbank, $240 billion by the ECB, $15 billion by the Norges ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
... the liquidity crisis and stabilise the financial markets. The US Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada and the Swiss National Bank agreed to jointly inject more than US$100 billion into the financial system ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
... banks pledged to make US$70 billion available, and extra liquidity injections from the European Central Bank, the Bank of England and the Swiss National Bank, failed to stem the financial market panic. Consensus has shifted to a more than 80 per cent ...

Whac-a-mole

BENJAMIN ONG  |  MONDAY, 15 SEP 2008
... cent in August after a 0.8 per cent increase in July. These two indicators highlight the dilemma faced by the Bank of England (BoE), which will release the minutes of its September monetary policy meeting. The BoE kept rates unchanged at 5.0 per cent ...

Stagflation policy conundrum

BENJAMIN ONG  |  FRIDAY, 12 SEP 2008
... downturn unnecessarily.' This ominous outlook is consistent with the views indicated by last night's testimonies of Bank of England members, led by Governor Mervyn King, before the UK Parliament. King noted that since he last spoke before the UK Treasury ...