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Federal Reserve head Janet Yellen hints at US interest rate hike in December
Janet Yellen, the head of the US central bank, has said Donald Trump’s election as US president does not change the Federal Reserve’s plans for an interest rate hike “relatively soon” to be followed by a gradual pace of increases after...
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Dollar muscles ahead, strongest since 2003 against basket of currencies
The US dollar continued to power ahead on Friday, hitting its highest levels since April 2003 against a basket of currencies. Donald Trump’s election victory and spending plans are providing that boost. “What we’re looking at is a broad...
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German economy is Trump resistant…for the moment
Donald Trump’s spectacular journey from Trump Tower to the White House appears not to have had any impact on the German economy to date. However, it may take sometime for the ripples or waves to hit Berlin. The general consensus is that...
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Federal Reserve keeps borrowing costs unchanged
As expected, the Federal Reserve’s policymakers kept interest rates unchanged at their latest meeting and reinforced expectations for higher borrowing costs in December. The US central bank’s rate-setting committee said the economy had...
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Rates going up
Jacqueline Hansen reports on a big bank's raising rates on variable mortgages
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Bank of England drops planned UK interest rate cut
Britain’s central bank has backed off its plans to further reduce interest rates. Governor Mark Carney said the UK has a “dynamic, flexible economy” which is doing better than had been feared after the vote to leave the European Union,...
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Yellen defends Federal Reserve against Trump bias accusations
The head of the US central bank has defended it against accusations from Republican presidential candidate Donald Trump. He has said Federal Reserve Chair Janet Yellen has been manipulating financial markets by keeping the cost of...
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Draghi faces off against German critics
Grilled by German lawmakers, European Central Bank President Mario Draghi has been defending its ultra low interest rates and other stimulus measures, which he said were a necessity. Answering questions from the Bundestag’s European...
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Co-ordinated hikes
Former Bank of Canada governor David Dodge says central banks need to work together and raise rates
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Market concerns
Ken Courtis, chairman, Starfort Investment, on markets wondering what legislative wins the Trump administration can accomplish
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Case for US interest rate hike strengthens, says Fed’s Yellen
Improvements in the labour market and expectations for solid economic growth strengthen the case for a US interest rate hike. That from Federal Reserve Chair Janet Yellen, who has been speaking at a gathering of central bankers and...
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Investors await Federal Reserve Chair Janet Yellen’s interest rate thoughts
Financial markets have their attention firmly focused on Federal Reserve chief Janet Yellen, who is due to speak on Friday at the annual central bankers gathering in Jackson Hole, Wyoming. The dollar is set to jump or fall depending on...
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Russian key interest rate unchanged
Russia’s central bank kept it key interest rate unchanged at 10.5 percent on Friday saying it took the stronger rouble into account with that decision. It will consider lowering the cost of borrowing in the future given that its main...
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Shares rise, pound drops on UK stimulus measures
Not surprisingly, UK finance minister Philip Hammond welcomed the stimulus measures announced by the Bank of England. He has been told by Bank Governor Mark Carney that the British government also needs to do more to help the economy get...
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Bank of England surprises by keeping interest rates unchanged
The Bank of England’s policymakers have left the cost of borrowing unchanged in Britain – for now. The benchmark interest rate stays at 0.5 percent where it has been for more than seven years. The decision wrong-footing many investors...
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Europe's housing prices continue to soar
Did you know that house prices across Europe rose by 4.5% at the end of last year? Yet our disposable incomes — the money we have in our wallets to actually spend — hasn’t increased anywhere near that level. Amid low interest rates and...
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Fed due to call on interest rate hike
The Federal Reserve is deep in a policy meeting and it is extremely unlikely that an interest rate rise is on the cards. However much the Federal Reserve and chair Janet Yellen would like to hike the rate poor unemployment figures have...
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Economy steaming ahead
Avery Shenfeld, chief economist at CIBC Capital Markets, on jobs numbers and what they mean for interest rates
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Preparing for an interest rate hike
Personal finance expert Preet Banerjee weighs in on how to get your financial house in order
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Are Canadians ready for costlier debt?
The interest rate hike means some borrowers will be paying more. So, what can you do going forward?
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Consumer debt
Rubina Ahmed-Haq and Steve Bridge on what do you do if you find yourself in the red
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Fed move
Diane Swonk, chief economist with Grant Thornton, on the latest move by the Fed to boost U.S. interest rates
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Standard and Poor’s interest rate warning
Standard and Poor’s has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered. At the moment interest rates for most of the world’s top countries are at record lows but S&P says as and...