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Tag Archives: interest rates

Australia’s negative gearing tax breaks for rental properties fall from $13.8 billion to $12 billion

CANBERRA: The value of negative gearing tax deductions claimed by Australia’s nearly 1.3 million landlords is falling, dropping close to $2 billion in a year thanks to record low interest rates. New statistics from the Australian Taxation Office show that the value of negative gearing tax breaks claimed for rental properties fell from $13.8 billion to $12 billion between the ... Read More »

Danish bankers anxious over negative interest rates

COPENHAGEN: Danish bankers are surprised by the Negative interest rates for which meetings are being held in concern. As they did not previously thought to allow for the risk of negative interests rates, the omission is now proving problematic for the financial industry in Denmark. The central bank’s battle against currency speculators has forced it to drive the benchmark deposit ... Read More »

Danish interest cuts direct towards beneficial mortgage loans

Interest rate cuts lead to new Danish ‘super loans’ COPENHAGEN: Danish bank’s step towards taking interest rates down in order to bring krone’s value sustained is reaping some fruit now as the result of it are now being enjoyed by Danish homeowners as they are being offered historically low mortgage loans.   Denmark cuts deposit rate further below zero (05 ... Read More »

NZ dollar records 3 week high against Aussie dollar

NEW YORK: The New Zealand dollar has hit a three-week high against the Aussie after New Zealand’s Reserve Bank reiterated that interest rates are expected to remain on hold for ‘some time’. The comment comes in the same week that Australia cut its rate by 25 basis points following moves lower by many other central banks. The kiwi touched 95.08 ... Read More »

UK interest rates can rise sooner than expected: Kirsten Forbes

LONDON: Interest rates in the UK could rise sooner than anticipated, according to one of the Bank of England’s newest rate setters, former White House adviser Kirsten Forbes. In an interview with the Wall Street Journal, Ms. Forbes said that strong economic growth in the US and falling oil prices could trigger a need for a rise in UK interest ... Read More »

Bank of England: UK interest rates can rise sooner than expected as oil prices tumble

LONDON: Bank of England top policymaker said the fall in petrol prices has cut UK inflation to 0.5 per cent, interest rates in the UK could rise sooner than markets expect. Traders have pushed back expectations of interest rates rising from a record low of 0.5 per cent because inflation has come down sharply in recent months. Kristin Forbes, one ... Read More »

NZ dollar dips $0.7633 as inflation slows to 0.8% in 4Q

WELLINGTON: The New Zealand dollar plunged on Wednesday after a shockingly low reading on inflation. The New Zealand dollar fell by $0.7633, having tumbled a cent and a half from Tuesday’s peak as inflation slowed to 0.8 per cent in the fourth quarter. That was below the Reserve Bank of New Zealand’s 1-3 per cent target zone and challenged the ... Read More »

Tokyo stocks close 0.18% higher, Nikkei 225 adds 30.63 pts, Topix index surges 0.21pc

TOKYO: Tokyo stocks closed 0.18 per cent higher, after another rally on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange added 30.63 points to finish at 17,197.73 on Friday, while the Topix index of all first-section issues ended up 0.21 per cent, or 2.91 points, at 1,380.58. Japanese investors were given a strong lead from Wall Street, ... Read More »

Dollar stable in Asia ahead of Fed meeting

TOKYO: The US dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day. The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York. The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen. Currency markets were stuck in ... Read More »

Fed pledges to keep interest rates low

WASHINGTON: The Federal Reserve has said that it plans to keep short-term interest rates low for a ‘considerable’ time after it ends a bond purchase program aimed at stimulating the economy. But the central bank also signalled that it is increasingly focused on normalising monetary policy as the recovery strengthens. Winding up a two-day meeting, the Federal Open Market Committee ... Read More »