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18/09/2001
Europe founders as Wall Street makes slow progress
European stock markets continue to founder as Wall Street makes some gains following Monday’s resumption of trading after five days of inaction.
The US Federal Reserve cut interest rates by half a per cent on Monday, setting the scene for economic recovery in the wake of last Tuesday’s attacks on the World Trade Centre and in Washington.
When trading commenced on Monday, both the Dow Jones and NASQAC suffered considerable losses, but less than the 10% drop in price that had initially been predicted by analysts. By Tuesday afternoon, the NASDAQ reported gains of just over one per cent, while the Dow Jones was also making progress, albeit at a slower rate.
However, European markets remain depressed, despite the announcement by Central Banks throughout Europe of cuts in interest rates.
Japan has now joined US and European efforts to avert global economic disaster by implementing a cut in its discount rate, to 0.10 per cent. Japan’s interest rates already stand at zero per cent, in an attempt to stave off the worst threat of recession the country has experienced in many decades.
Trade remains positive, if tentative, in Asian markets, due to fears of imminent US reprisals in Afghanistan. (CL)
The US Federal Reserve cut interest rates by half a per cent on Monday, setting the scene for economic recovery in the wake of last Tuesday’s attacks on the World Trade Centre and in Washington.
When trading commenced on Monday, both the Dow Jones and NASQAC suffered considerable losses, but less than the 10% drop in price that had initially been predicted by analysts. By Tuesday afternoon, the NASDAQ reported gains of just over one per cent, while the Dow Jones was also making progress, albeit at a slower rate.
However, European markets remain depressed, despite the announcement by Central Banks throughout Europe of cuts in interest rates.
Japan has now joined US and European efforts to avert global economic disaster by implementing a cut in its discount rate, to 0.10 per cent. Japan’s interest rates already stand at zero per cent, in an attempt to stave off the worst threat of recession the country has experienced in many decades.
Trade remains positive, if tentative, in Asian markets, due to fears of imminent US reprisals in Afghanistan. (CL)
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04 September 2001
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
Bank likely to leave interest rate unchanged
The Monetary Policy Committee (MPC) of the Bank of England are likely to leave interest rates unchanged at 5 per cent. The Committee are due to begin their latest two-day meeting amid a spate of calls for another cut in the interest rate.
04 April 2002
Interest rates remain unchanged at 4 per cent
The Bank of England have announced that UK interest rates will remain unchanged at a 38-year low of four per cent following the monthly meeting of the bank's Monetary Policy Committee (MPC). The news was broadly welcomed as the UK, and Europe, continues to slowly edge out of last year's downturn.
Interest rates remain unchanged at 4 per cent
The Bank of England have announced that UK interest rates will remain unchanged at a 38-year low of four per cent following the monthly meeting of the bank's Monetary Policy Committee (MPC). The news was broadly welcomed as the UK, and Europe, continues to slowly edge out of last year's downturn.
14 February 2002
Inflation rises but interest rates unchanged
The Bank of England Monetary Policy Committee (MPC) have decided not to raise interest rates at its monthly meeting, despite inflation warnings from the Office for National Statistics (ONS). The figures released by the ONS revealed an underlying inflation rate that exceeded the rates anticipated by the Bank of England.
Inflation rises but interest rates unchanged
The Bank of England Monetary Policy Committee (MPC) have decided not to raise interest rates at its monthly meeting, despite inflation warnings from the Office for National Statistics (ONS). The figures released by the ONS revealed an underlying inflation rate that exceeded the rates anticipated by the Bank of England.
05 December 2001
UK interest rates remain unchanged
The Bank of England has left interest rates unchanged at four per cent, in line with analysts' forecasts. The Bank's decision was widely predicted by City analysts, who said that having reduced interest rates by an unexpectedly high 0.5 per cent last month, the Bank was unlikely to cut again this week.
UK interest rates remain unchanged
The Bank of England has left interest rates unchanged at four per cent, in line with analysts' forecasts. The Bank's decision was widely predicted by City analysts, who said that having reduced interest rates by an unexpectedly high 0.5 per cent last month, the Bank was unlikely to cut again this week.
08 August 2001
Economy slow down predicted by Bank of England
According to the latest economic analysis from the Bank of England, the UK economy will remain weak for the rest of this year. The Bank’s quarterly inflation report indicated that although the economy was expected to begin to recover in 2002 the current pressures on the euro zone economic area were intense.
Economy slow down predicted by Bank of England
According to the latest economic analysis from the Bank of England, the UK economy will remain weak for the rest of this year. The Bank’s quarterly inflation report indicated that although the economy was expected to begin to recover in 2002 the current pressures on the euro zone economic area were intense.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
