U.K. lifts rates to 4% to curb consumer debt: ECB stands pat, warns about strength of the euro ahead of G-7 meeting

Article Abstract:

The Bank of England had raised interest rates which inturn has boosted the U.K. borrowing costs to levels far higher than in continental Europe and U.S., in a bid to curb rapid consumer borrowing. The European central bank is holding rates steady due to mixed economic indicators and concern that a strong euro is hurting exports.

Forecasts, trends, outlooks, Management dynamics, Interest Rates, Management, Conferences, meetings and seminars, Forecasts and trends, Market trend/market analysis, Company business management, Group of 7

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Service sector picks up steam in U.K. economy

Article Abstract:

Results for the UK's services sector showed an uptick in December 2007, decreasing the probability that the Bank of England will reduce interest rates. The purchasing managers index increased to 52.4, indicating that the economy may be steadying despite higher oil prices and borrowing costs and a stronger pound.

Government expenditures, Service Industries, Analysis, Economic aspects, Economic policy, Services industry, Economic indicators

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Bank of England faces challenge in inflation index

Article Abstract:

The Bank of England will see major challenges in explaining the results of the new inflation index system. The bank will switch to the new inflation measure in December 2003.

Inflation (Finance), Powers and duties, Index numbers (Economics), Inflation (Economics)

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