Reserve Bank of India Loosens Credit
The governor of the Reserve Bank of India today loosened rules on credit and promised not to raise interest rates from the current 8% level as long as inflation continues to ease.
UK House Prices Surge
House prices in the UK saw an increase of 11% in the year to May, driven by ‘panic buying’ by first time buyers.
Australian Shares Fall as Bank Freezes Cash Rate
The Reserve Bank of Australia has frozen the cash rate at 2.5% for a record tenth month.
Canadian Interest Rates – A Cut Is ‘More Likely’
The Bank of Canada will almost certainly keep interest rates at 1% again tomorrow and most experts believe that a rise is still a year or so away, but some are suggesting the central bank may have to cut rates first.
Eurozone Heading for Deflation?
Figures released today by the European statistics office, Eurostat, show that inflation fell again in May to 0.5%.
Egypt stock market plunges, suspends trades following reports of new capital gains taxes
The unexpected and poorly explained new 10% capital gains tax sent the Egyptian stock exchange tumbling.
Bank of Canada is unlikely to change course on interest rates
A Globe and Mail article talks about the likely course of interest rates in Canada.
The 35 economic charts from May you really should see
This is a good summary of various random, but interesting, data points about the global economy from a new online magazine.
Gen Y: Learn to live with stock market risk
Generation Y, the generation of youngsters best positioned to handle risk, are turning out to be the most conservative investors.
Here's How Currency Traders Are Positioned Ahead Of The Huge ECB Meeting
Another story about the Canadian dollar explains that the loonie, though it is down on the year, is the best performing currency in the month May.