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Imminent rate increase
Tuesday 17 June 2008
The euro and the dollar were pulled on Monday by contradictory strengths.
From high European inflation to the imminent increase of the rates of the ECB, pressure of G8, the “no” from Ireland and speculations about the change of American monetary policy, the Euro and the dollar were pulled on Monday by contradictory strengths.
The inflation in Euro-zone indeed reached a new record in May, at 3,7 % over one year, its highest level since the creation of this zone in 1999, according to the second estimation of the European Office of the Statistics which may lead to a next increase of the rates of the ECB.
«The ECB is certainly going to increase its rates from 4 % to 4,25 % during the meeting of July ", commented Howard Archer from Global Insight. Read more...
From high European inflation to the imminent increase of the rates of the ECB, pressure of G8, the “no” from Ireland and speculations about the change of American monetary policy, the Euro and the dollar were pulled on Monday by contradictory strengths.
The inflation in Euro-zone indeed reached a new record in May, at 3,7 % over one year, its highest level since the creation of this zone in 1999, according to the second estimation of the European Office of the Statistics which may lead to a next increase of the rates of the ECB.
«The ECB is certainly going to increase its rates from 4 % to 4,25 % during the meeting of July ", commented Howard Archer from Global Insight. Read more...
A mortgage at 60 years old ?
Monday 4 February 2008
Most of the banks accept that the mortgage is paid off at 75, so a 15 years mortgage is easy to raise at 60. But what about a 20 years mortgage ? Read more...