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Rate cuts loom as economic prospects worsen

posted by keiragabe 15 hours ago in CAD, Fundamental, Inflation made popular 8 hours ago

Canada's economic prospects have deteriorated in the past month, Bank of Canada Governor Mark Carney said Wednesday, hinting strongly that he would continue to cut interest rates in order to address the slowdown.  read more

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Deflation now tops policy-makers' hit list

posted by xjessicax 15 hours ago in CAD, Fundamental, Special made popular 5 hours ago

Cars are piling up in storage because dealers don't want bloated inventories. Chinese factories are running out of room for all the appliances they're turning out but can't ship.  read more

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Consumer prices, home starts plunge in October

posted by eriathwen 16 hours ago in USD, Fundamental, Consumer made popular 7 hours ago

Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep.  read more

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Money Rates Decline in Europe on Cash Injections

posted by twilight 16 hours ago in EUR, Fundamental, Inflation made popular 8 hours ago

The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending.  read more

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EU Constructing EU130 Billion Growth Package, Germany Says

posted by xjessicax 16 hours ago in EUR, Fundamental made popular 8 hours ago

The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials.  read more

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Central Bank Tries to Determine Interest Rates as Far as it

posted by chloegurl 16 hours ago in Fundamental, Special, Inflation made popular 8 hours ago

Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly.  read more

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Bank of England gets out machete

posted by ceronueve 16 hours ago in GBP, Fundamental, Inflation made popular 8 hours ago

The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession.  read more

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Gordon Brown steps forward for UK small businesses

posted by eriathwen 17 hours ago in GBP, Fundamental made popular 8 hours ago

Yet against Gordon Brown has been forced to remind the UK banking sector of its new obligations towards small businesses and finance.  read more