Mortgage and Financial News From 2008-2-8 Page 15

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  • FOREX-Euro under pressure as ECB rate cuts seen

    Reuters - NEW YORK, Feb 8 (Reuters) - The euro remained under pressure on Friday and on track for its biggest weekly fall versus the dollar in 1-1/2 years amid growing expectations the European Central Bank will cut interest rates later this year. The ECB kept ...
    2008-02-08 09:56:00

  • How to get 10/10 on your credit rating

    Daily Telegraph - Getting credit or a loan at a manageable rate of interest is getting tougher by the day with lenders getting fussier about which customers they want. This was made abundantly clear ast week when it emerged that 160,000 Egg customers had had their ...
    2008-02-08 12:12:00

  • BoE rejects calls to publish MPC vote alongside interest rate decision

    Forbes - LONDON (Thomson Financial) - The Bank of England has rejected calls from an influential group of MPs to publish alongside each interest rate decision a breakdown of how the Monetary Policy Committee voted. The Treasury Select Committee recommended in ...
    2008-02-08 04:34:00

  • No obstacles seen to more Fed rate cuts

    Marketwatch - WASHINGTON (MarketWatch) -- Nothing is standing in the way of further interest rate cuts by the Federal Reserve Board, Fed watchers said Friday. "Though they have done quite a bit, it is virtually for sure we will see another 50-basis point cut by ...
    2008-02-08 03:11:00

  • Mexican peso firms on US rate view; stocks edge up

    Reuters - MEXICO CITY, Feb 8 (Reuters) - Mexico's peso firmed to a three month high on Friday on bets of further U.S. interest rate cuts, while stocks rose tentatively. The peso advanced 0.19 percent to 10.7595 per dollar, while the benchmark ...
    2008-02-08 11:08:00

  • UPDATE 2-Fed's Lockhart-Fed actions should steady markets

    Reuters - ATLANTA, Feb 8 (Reuters) - The Federal Reserve's recent interest rate cuts and injections of liquidity should help stabilize struggling housing and financial markets, and inflation should moderate later this year, Atlanta Fed President Dennis ...
    2008-02-08 02:50:00

  • Colombia Bank Won't Rule Out Interest Rate Increase (Update1)

    Bloomberg - Feb. 8 (Bloomberg) -- Colombia's central bank said some of its policy makers are concerned that inflation remains too high and can't rule out further interest rate increases. The central bank chose to pause for a second month Jan. 25 after raising ...
    2008-02-08 08:45:00

  • Fed's Big Dilemma: What If Rate Cuts Don't Work?

    CNBC - As the Federal Reserve tries to head off a recession, it's facing the troubling reality that its primary weapon--interest rate cuts--may not matter anymore. Despite several rate cuts--including a 1.25 point decline in January alone--the moves have ...
    2008-02-08 10:47:00

  • UPDATE 4-Colombia cenbank raises inflation forecast

    Forbes - BOGOTA (Reuters) - Colombia's central bank signaled an interest rate increase on Friday with a statement admitting the country will probably miss its 2008 inflation target. Consumer prices are on track to rise 4.7 percent this year, above the bank's ...
    2008-02-08 02:36:00

  • Consumer test: Current accounts

    Guardian Unlimited - Alliance & Leicester is paying current account customers more than 8% interest. Photograph: David Sillitoe If you are thinking about switching your current account to another bank, would an interest rate of more than 8% be enough to tempt you ...
    2008-02-08 06:10:00

  • More cuts likely as Bank reduces interest rates

    Daily Telegraph - Millions of home owners have been given hope of further interest rate reductions by the Bank of England after it cut the borrowing rate from 5.5 per cent to 5.25 per cent. Rates could come down at least twice more this year, the Bank hinted, as it ...
    2008-02-08 12:05:00

  • Dollar loses ground, euro at $1.4506 late New York, day after Europe ...

    MSN UK News - The dollar slipped slightly against the euro and the pound Friday, maintaining some of the gains that followed a pair of European interest-rate decisions. The euro bought $1.4506 in late New York trading _ up from $1.4459 in New York late Thursday ...
    2008-02-08 01:24:00

  • Dollar lost some ground a day after interest rate decisions in Britain ...

    CNBC - NEW YORK - The dollar slipped slightly against the euro and the pound Friday, maintaining some of the gains that followed a pair of European interest-rate decisions. The euro was worth $1.4506 in late New York trading _ up from $1.4459 in New York ...
    2008-02-08 01:24:00

  • Interest rate cut eases burden for property owners

    Guardian Unlimited - Millions of borrowers breathed a sigh of relief this week after the Bank of England cut interest rates from 5.5% to 5.25%. Halifax, Nationwide, Abbey, Lloyds TSB, Cheltenham & Gloucester, HSBC, the Woolwich and Royal Bank of Scotland/NatWest were ...
    2008-02-08 03:26:00

  • Lagarde Hopes ECB Follows Rate Rhetoric With Action (Update2) - Bloomberg

    Lagarde Hopes ECB Follows Rate Rhetoric With Action (Update2)Bloomberg - 59 minutes ago... Lagarde said she hopes a change of tone at the European Central Bank that indicates it may consider cutting interest rates will be followed with action. ...
    2008-02-08 06:00:39

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