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TOP STORIES Macroeconomics
Monday, January 21, 2008
Hungary central bank voted on rate rise, sees risks to inflation
BUDAPEST (Thomson Financial) - Hungary's central bank kept interest rates on
hold for a fourth month today, but said it had considered a rate hike, due to
concerns that inflation will prove higher than expected in 2009 and the impact
of a fall in global risk appetite on its forint currency.
2008-01-21 15:11:15
EU presidency's Bajuck says 'concerned' about impact of US slowdown
BRUSSELS (Thomson Financial) - Slovenian finance minister Andrej Bajuk,
whose country holds the six-month EU presidency, said he and his European
colleagues are "concerned" about the impact that the US slowdown may have on
their economies.
2008-01-21 14:32:38
IMF says Polish growth to slow to 5 pct in 2008, more rate rises needed
WARSAW (Thomson Financial) - Poland's economic growth is likely to slow to 5
pct this year, less than government forecasts, as a slowdown in the world
economy begins to bite, the International Monetary Fund (IMF) said in its report
on the EU's largest former communist member.
2008-01-21 14:32:29
US warns EU against using environment for protectionism
BRUSSELS (Thomson Financial News) - US trade representative Susan Schwab
warned Europe against using environmental issues as an excuse for protectionism
amid disputes ranging from biotechnology to greenhouse gas emissions.
2008-01-21 14:07:08
Hungarian central bank voted on rate cut but sees risks to inflation
BUDAPEST (Thomson Financial) - Hungary's central bank considered a cut in
interest rates at its meeting today, but remains concerned over risks that
inflation will prove higher than expected next year, bank policymakers said
today.
2008-01-21 13:56:02
UK's Brown says govt role in Northern Rock to ensure economic stability
LONDON (Thomson Financial) - Prime Minister Gordon Brown said today that the
only reason for the government's involvement in the Northern Rock crisis is to
"ensure the stability" of the UK economy.
2008-01-21 13:51:20
UK's Brown says govt intervention in Northern Rock to ensure economic stability
LONDON (Thomson Financial) - Prime Minister Gordon Brown said today that the
only reason for the government's involvement in the Northern Rock crisis is to
"ensure the stability" of the UK economy.
2008-01-21 13:28:56
Hungary central bank holds rates steady, as CPI and forint worries weigh
BUDAPEST (Thomson Financial) - Hungary's central bank as expected kept
interest rates on hold today, choosing to hold fire on moves to boost a flagging
economy amid rising headline inflation and worries market instability may
threaten its forint currency.
2008-01-21 13:08:29
Hungarian central bank holds base rate at 7.5 pct as expected
BUDAPEST (Thomson Financial) - Hungary's central bank as expected kept
interest rates on hold today, choosing to hold fire on moves to boost a flagging
economy amid rising headline inflation and market instability.
2008-01-21 11:56:12
UK interbank borrowing rates continue to ease
LONDON (Thomson Financial) - The cost of borrowing between banks in the UK
continued to moderate today, with fears now abating over banks' undisclosed
exposure to subprime debt.
2008-01-21 11:34:52
China 2008 GDP growth seen slowing to 10.4 pct; CPI at 3.8 pct - Deutsche Bank
BEIJING (XFN-ASIA) - China's GDP growth is likely to fall to 10.4 pct this
year from an estimated 11.5 pct in 2007, largely due an expected slowdown in
exports, said Jun Ma, Deutsche Bank's chief economist for Greater China.
2008-01-21 11:16:46
Portugal Dec PPI up 0.1 pct vs Nov; flat at 5.4 pct year-on-year
LISBON (Thomson Financial) - Producer prices rose 0.1 pct in December from
November and were flat at 5.4 pct from a year earlier, the INE statistics
institute said.
2008-01-21 11:15:22
European govt bonds rise as equity markets falls fuel demand for safer assets
LONDON (Thomson Financial) - European government bonds were higher
mid-morning, supported by weaker equity markets as the prospect of a US
recession remained at the forefront of investors' minds.
2008-01-21 11:10:24
Hong Kong Exchange Fund 2007 investment income 142.2 bln hkd, up 37 pct
HONG KONG (XFN-ASIA) - The Exchange Fund, which serves as a reserve to back
the issue of Hong Kong banknotes, recorded a record investment income of 142.2
bln hkd in 2007, up 37 pct from 103.8 bln hkd a year earlier, the Hong Kong
Monetary Authority (HKMA) said.
