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A weak currency isn't rebalancing the British economy – it's strangling it

Interest rates close to zero, another £50bn of Sterling spewing from the presses, negative growth, public spending up by 8pc a year and tax receipts down 7pc – not the death throes of the Weimar Republic, but the state of the contemporary British economy. The announcement yesterday that Quantitative Easing would be expanded to £375bn is good news [...]
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Sterling hits 8-month trade-weighted high

Business & Finance : Business Report (last year)

Sterling rose to an eight-month high against a basket of currencies. ||| London - Sterling rose to an eight-month high against a basket of currencies on Friday on the view that a strengthening British economy will mean interest rate... Read Post

After Zero Rates, Sweden Ponders Next Steps To Avoid Deflation

Business & Finance : Business Insider: Clusterstock (7 hours ago)

By Simon Johnson STOCKHOLM (Reuters) - What should a central bank do next when it already has zero interest rates and arguably still faces the threat of Japanese-style deflation? If it's the Swedish Riksbank, it should keep cutting,... Read Post

Banking tricks blunt China's lending drive

Business & Finance : Business Report (5 hours ago)

China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth. ||| Shanghai - China hopes that last week's interest rate cut will increase lending into the economy to shore up flag... Read Post


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