Blog With Tag rate rise
The Bank of England has raised interest rates above 0.5% for the first time since March 2009, although this is still the first-time rates have been set at 0.75%, base rates were cut from 1% to 0.5% as part of the ongoing emergency response to the financial crisis. The 0.25% increase follows the removal in November of the emergency cut to 0.25% delivered in the aftermath of the Brexit vote.
PegasusCapital - Mon 6th Aug
Who would have predicted that Leicester City bottom of the Premier League at Christmas 2014 with only 10 points from 17 matches would not only escape relegation but would top the Premier League at Christmas 2015? There were not that many either that forecast a Conservative majority Government as a possible outcome in the “closest UK general election for a generation” or that it would take the US Federal Reserve the whole of 2015 before it raised interest rates for the 1st time in 10 years!
PegasusCapital - Mon 4th Jan
The EU leadership have to act quickly on 2 key issues in the coming month as Kiev warns it is on the brink of full-scale war with Moscow. Having banned imports of US and EU goods in an escalation of the “sanctions war”, Russia has been given a week by the EU to reverse course on Ukraine or face a new round of sanctions. The ECB President Mario Draghi has already warned that the Eurozone is at economic risk as Russia ramps up the trade war and with German investor confidence diving and European stock markets taking fright, the Euro has slid to an 11 month low and the key Eonia benchmark interbank rate has dropped to its lowest in the history of the Eurozone.
PegasusCapital - Mon 1st Sep
The current global economic picture is a real mixed bag with a different picture everywhere you look. Worries in China about the property slump dragging down the whole economy and fears of deflation as price rises slowed sharply, were tempered by the more positive news coming out of Japan with inflation reaching a 23year high.
PegasusCapital - Sat 31st May