London rates resist prod: interbank market sees a slight easing; "a double whammy"

Article Abstract:

The Bank of England has reduced interest rates from 5.75% to 5.5%, a move applauded by UK mortgage borrowers and retailers. However, interbank rates dipped only slightly. Banks continue to be reluctant to lend to one another, however, liabilities are a concern as assets are pulled back onto balance sheets.

United Kingdom, Commercial Banks, Product standards, safety, & recalls, Management dynamics, Standards, Banking industry, Management, Company business management, United Kingdom. Bank of England

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U.S. foreign debt shows its teeth as rates climb: net payments remain smal but pose long-term threat to nation's living standards

Article Abstract:

As interest rates rise, so do the United States' foreign debt payments. This could result in a drop in the standard of living for Americans.

United States, Forecasts, trends, outlooks, International economic relations, Economic aspects, Forecasts and trends, Market trend/market analysis, Cost and standard of living, Cost of living, External debts

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