Mortgage and Financial News From 2007-10-21 Page 4

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  • Immigration, rent rises may cause rate hike: report

    Australian Broadcasting Corp. - Rising rents and increased immigration are forecast to put more pressure on inflation and possibly force the official interest rate higher next year. While housing construction remains depressed, a new report from forecasting firm BIS Shrapnel ...
    2007-10-21 02:04:00
  • Forex - US dollar extends losses vs major currencies on flight to safe ...

    Forbes - It will take a RBA interest rate hike to see the Australian dollar/US dollar rise above its recent high of just under 0.9080, in the absence of further broad-based US dollar weakness. A benign CPI would see the Australian dollar lower,' Kyriakopoulos ...
    2007-10-21 05:46:00
  • Credit turmoil an 'accident waiting to happen'

    News.com.au - Greenspan defended the Fed's decision to lower its key federal funds interest rate to 1.0 percent, seen in some quarters as having encouraged risky borrowing, and said the US housing bubble had not been caused by the US central bank. "Central banks ...
    2007-10-21 05:46:00
  • Howard, Rudd Focus on Families, Economy in Australian Debate

    Bloomberg - ... assault, and this country is calling for something better,'' Rudd said. ``I am passionate about the education revolution, about addressing climate change and delivering a fair go to Australian families struggling with the pressure of interest rate ...
    2007-10-21 05:25:00
  • Economic fears revive investor angst

    USA Today - The Dow, which rallied to a record high on Oct. 9, powered by interest-rate cuts engineered by the Federal Reserve, has tumbled 643 points, or 4.5%, since its recent peak of 14,164.53; it lost 571 points last week alone. "The market never got over its ...
    2007-10-21 05:53:00
  • Fed may need to go in for rate cut again this month

    Economic Times - CHICAGO: A confluence of pressure points on US economic growth suggests the Federal Reserve could be forced into cutting interest rates again this month. Weak earnings from some of the largest US companies, the teetering stock market, the onset of ...
    2007-10-21 04:06:00
  • Government nod for EPF interest rate

    Hindu - NEW DELHI: The Central government on Saturday approved the decision of the Employees Provident Fund (EPF) Board to retain the interest rate for 2006-07 at the previous year’s level of 8.5 per cent. The EPF’s Central Board of Trustees had ...
    2007-10-21 02:33:00
  • Do not rely on rate cuts

    Financial Times - A rise in inflation would trigger global interest rate increases, and this in turn could mark the beginning of a severe global recession. There are many reasons to believe that this is not going to happen. Inflation forecasts are relatively optimistic
    2007-10-21 11:05:00
  • China's Growth Probably Exceeded 11% for Third Straight Quarter

    Bloomberg - Oct. 22 (Bloomberg) -- China's economy probably expanded more than 11 percent for a third straight quarter, raising the likelihood of more interest-rate increases to prevent a flood of export cash from fueling asset bubbles. Gross domestic product ...
    2007-10-21 04:35:00
  • ECB Officials Say Euro-Region Inflation Risks Have Increased

    Bloomberg - Oct. 21 (Bloomberg) -- European Central Bank officials said food costs and record oil prices are fanning inflation pressures in the 13 euro nations, suggesting they may support further interest-rate increases. ``Inflation risks have increased ...
    2007-10-21 05:46:00
  • CPI will determine interest rise

    News.com.au - The financial markets have reduced the prospect of a Melbourne Cup Day interest rate rise to 45 per cent, ahead of the vital results of the producer price index today and the inflation numbers of Wednesday. Economists believe a 0.9 per cent core ...
    2007-10-21 06:36:00
  • Rents raise rate-rise risk

    News.com.au - ROCKETING rents around Australia are feeding directly into inflation, increasing the chance of a November interest rate rise to a "line ball call", say economic forecasters. And China's boom is also pushing prices up, economists warn. Inflation ...
    2007-10-21 05:25:00
  • Rents pressure interest rates

    News.com.au - ROCKETING rents around Australia are feeding directly into inflation, increasing the chance of a November interest rate rise to a "line ball call", say economic forecasters. And China's boom is also pushing prices up, economists warn. Inflation ...
    2007-10-21 06:08:00
  • Homeowners save less as rate rises bite

    News.com.au - UK HOMEOWNERS are feeling the pinch following five interest rate hikes, cutting down on other borrowing and saving less, a survey shows. Their appetite for unsecured borrowing has plunged, with balances falling around 3 percent in the second quarter ...
    2007-10-21 05:53:00
  • Homeowners save less as rate rises bite (Adelaide Now)

    UK HOMEOWNERS are feeling the pinch following five interest rate hikes, cutting down on other borrowing and saving less, a survey shows.
    2007-10-21 05:45:00