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Showing 341 - 350 of 451 results for "England"

Nationalisation - that ugly word

BENJAMIN ONG  |  MONDAY, 23 FEB 2009
... Affordability and Stability Plan (HASP). And it wasn't just the US doing the heavy lifting. The minutes of the Bank of England's (BoE) February meeting - where the Monetary Policy Committee (MPC) voted 8-1 to cut interest rates to an all-time low of ...

The biggest loser

BENJAMIN ONG  |  MONDAY, 16 FEB 2009
... Kingdom. The US Federal Reserve's and the Bank of Japan's (BoJ) official policy rates are now virtually zero. The Bank of England's (BoE) base rate is headed that way. The ECB has so far only reduced its benchmark repo rate by 225 basis points from the ...

Bad news is good news

BENJAMIN ONG  |  MONDAY, 9 FEB 2009
... economies sink. And they'll 'do what is necessary.' Just last week, Bank Indonesia, Norway's Norges Bank and the Bank of England all cut their key interest rates by 50 bps to 8.25 per cent, 2.5 per cent and 1 per cent, respectively. The Reserve Bank ...

Market Wrap - Morning

AAP  |  FRIDAY, 6 FEB 2009
... interest rate decisions in Britain and the eurozone plus weaker-than-expected US jobs data, dealers said. The Bank of England slashed British interest rates by half a percentage point to a fresh historic low of 1.0 per cent to battle recession. The European ...

Worst of the worst

BENJAMIN ONG  |  FRIDAY, 30 JAN 2009
... relative to its G7 peers -- in particular the US - it does not take much of a stretch to presume that very soon the Bank of England's benchmark interest rate will go the way of the US and Japan. That is, the target rate will reach zero. Gilts too would ...

Bad tidings we bring

BENJAMIN ONG  |  MONDAY, 12 JAN 2009
... central banks scrambled to contain the fallout by reducing interest rates. First off the rank this year is the Bank Of England (BoE) which slashed interest rates by 50 basis points to 1.5 percent - a level not seen since its creation in 1964. The sinking ...

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 ...