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20th of August 2010
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News Tag: record low

August 11, 2010

US Fed introduces “QE Lite” to boost economy

by Kay Murchie
’US
The Federal Reserve has elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and high unemployment, low interest rates are ...



August 3, 2010

US Pending Home Sales Index plunges to 9-year low

by Kay Murchie
US Pending Home Sales Index plunges to 9-year low
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 18.6% in June on year. On a monthly basis, the index fell by 2.6% to 75.7 points based on contracts signed in June compared with May. As a result, the index fell to the lowest level since records began in 2001. The slump was attributed to ...



July 25, 2010

Interest rates to remain at historic low until 2014

by Kay Murchie
’Interest
Respected economic forecaster, the Ernst & Young ITEM Club, is predicting that interest rates will stay at the historic low of 0.5% until 2014. "A base rate of 0.5% will begin to look like the new normal," Professor Peter Spencer from the ITEM Club said. Interest rates have stood at the record low since March 2009, when the economy was ...



June 24, 2010

US new home sales plunge to record low in May

by Kay Murchie
US new home sales plunge to record low in May
The Commerce Department has revealed a record fall in sales of new homes in the US for the month of May. According to the Commerce Department, new single-family home sales fell by 32.7% on year to an all-time low of 300,000 units – the lowest since records commenced in 1963. However, a fall was expected as buyers rushed to ...



June 23, 2010

Fed to maintain pledge to keep interest rates low

by Kay Murchie
’Fed
US central bank, the Federal Reserve, will end its two-day meeting today and are likely to leave interest rate at the record low of 0% and 0.25%. Rates have been at this level since December 2008, as a result of subdued inflation and high unemployment. It has reiterated its policy to maintain low interest rates for “an extended period” ...



June 14, 2010

Survey reveals record fall in UK business confidence

by Kay Murchie
”Survey
A survey among UK companies has found that confidence has plunged to a level not seen since 1995, as a result of the Government’s tough spending cuts. BDO’s Business Trends index, which covers 11,000 companies from a range of industries, slumped to 97 in May from 103.3 in April - the largest fall since the survey commenced. The survey, which is ...



April 30, 2010

BoJ elects to hold interest rates at 0.1%

by Kay Murchie
BoJ elects to hold interest rates at 0.1%
After a two-day policy board meeting, the Bank of Japan (BoJ) has elected to keep interest rates at 0.1%, as widely expected. Interest rates in the world’s second largest economy have been at the low level since December 2008 in a bid to fight off deflation. Deflation remains a problem for the economy. Japanese core consumer prices fell 1.2% in March ...



April 29, 2010

US Fed continues with policy of low interest rates

by Kay Murchie
”US
The Federal Reserve has this week elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and high unemployment, low ...



March 24, 2010

US new home sales fall in February

by Kay Murchie
US new home sales fall in February
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of February. According to the Commerce Department, new single-family home sales fell by 2.2% on the month to a seasonally adjusted annual rate of 308,000 units - the lowest since records commenced in 1963. Meanwhile, the fall represented the fourth consecutive monthly fall ...



December 29, 2009

Japan Airlines shares hit record low amid bankruptcy rumours

by Kay Murchie
”Japan
Shares in troubled Japan Airlines (JAL) plummeted by 11% today to a record low of 85 yen amid reports that the carrier could be forced to file for bankruptcy. The stock has lost almost 60% of its value this year. The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to ...



November 24, 2009

Russia cuts interest rates to record low of 9%

by Kay Murchie
”Russia
Bank Rossii, Russia’s central bank, has cut interest rates by 50 basis points to 9% - a record low and the ninth time rates have been cut since April in bid to boost demand. Russia’s economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the economy appears to now be on the road ...



Japan Airlines shares fall to record low

by Kay Murchie
Japan Airlines shares fall to record low
Struggling Japan Airlines (JAL) yesterday saw its shares close at a record low of 87 yen on the Tokyo Stock Exchange after it emerged that Mitsui & Co broking house had sold all its shares in the carrier. A spokesperson for Mitsui & Co said it had sold all of its 11.7 million shares between the April and September period. The ...



October 28, 2009

Final-salary pension schemes reaches record low

by Kay Murchie
...



October 12, 2009

UK interest rates to remain at record low for medium-term

by Kay Murchie
”UK
Influential think tank, the Centre for Economics and Business Research (CEBR), believes interest rates will remain at their current historic level of 0.5% until 2011. Meanwhile, rates will not reach 2% until 2014 as a result of the severe fiscal squeeze on the UK economy which will result in tax rises and spending cuts. According to its economic forecast, ...



September 10, 2009

UK interest rates unchanged for sixth consecutive month

by Kay Murchie
”UK
The Bank of England’s Monetary Policy Committee has today elected to keep UK interest rates on hold at the record low of 0.5% for the sixth month in a row. The move was widely expected after a raft of positive economic news this week, suggesting that the UK is beginning to emerge from recession. Meanwhile, the Bank also said it ...



July 9, 2009

UK interest rates remain unchanged at 0.5%

by Kay Murchie
”UK
As widely expected, the Bank of England has kept interest rates unchanged at 0.5% today for the fourth month in a row. Prior to April, the Bank embarked on aggressive cuts to bring inflation down and fight off a prolonged recession. Rates currently stand at the lowest level since the Bank was established over 300 years ago. There have been signs ...



May 19, 2009

New US house construction falls to record low

by Kay Murchie
New US house construction falls to record low
The US Commerce Department has today revealed that new US housebuilding fell to a record low in April, sending shares down following yesterday‘s rebound. According to official figures, new housing starts fell 12.8% to an annual rate of 458,000 units - the lowest level since records began fifty years ago. On an annual basis, housing starts are down 54.2% as builders ...



May 6, 2009

Euro zone retail sales plummet

by Kay Murchie
”Euro
Figures released from Eurostat have revealed that retail sales in the euro zone fell by a record 4.2% year-on-year in March. The fall in retail sales shows continued weakness in consumer demand with analysts not expecting an improvement in the medium-term. According to Juergen Michels of Citigroup, the figures are disappointing and suggest that rising unemployment are having an impact on sales. The latest figures ...



April 2, 2009

ECB may cut rates to record low and implement quantitative easing

by Kay Murchie
”ECB
There are concerns for the recession-hit euro zone economy as it heads towards deflation. In order to fight off a prolonged recession, the European Central Bank (ECB) is expected to cut interest rates to a record low of 1%. In October last year, rates for the euro zone area hit 4.25% and currently stand at 1.5% - the ...



January 8, 2009

Interest rates cut to record low of 1.5%

by Kay Murchie
”Interest
Interest rates have been cut to 1.5% today - the lowest level since the Bank of England was established 315 years ago. The cut of 0.5% was widely expected by economists as attempts continue to boost the economy and bring down inflation. Since the level of 5% in October, the Bank has slashed rates four times, which is in a co-ordinated ...



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