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Slovenia raises inflation forecast for 2007, 2008|
5 Jul 2007 source: iii.co.uk

LJUBLJANA (Thomson Financial) - Slovenian inflation is seen higher than previously expected in 2007 and 2008, mainly as a result of food prices, said the Institute for Macroeconomic Analysis and Development (IMAD), the Slovenian government's macroeconomic think-tank. IMAD said year-on-year inflation will be at 3.2 pct this year, up from its 2.5 pct spring forecast, while the projection for 20 ...


Replay of '97 Asian financial crisis unlikely but reform must continue - Moody's ...
5 Jul 2007 source: iii.co.uk

MUMBAI (Thomson Financial) - A replay of the 1997 Asian financial crisis is unlikely, Moody's Investors Service said, but added that reform must continue. "The region's economies and markets -- after experiencing the huge downturns and shake-outs in confidence triggered by the Thai baht's devaluation in July 1997 -- have recovered their growth and stability," Moody's said. In a series  ...


Polish central bank's Noga says one more rate hike may be needed in 2007 -report ...
4 Jul 2007 source: iii.co.uk

WARSAW (Thomson Financial) - Capping inflation may require one more rate hike in Poland this year, Polish central bank member Marian Noga said, adding that in 2008 the tightening cycle will continue and may not stop at just one rate hike. The central bank surprised markets by raising interest rates for the second time in three months in June, citing a rapidly expanding economy. The main rate now  ...


UK food and fuel inflation double Europe's
4 Jul 2007 source: thisismoney.co.uk

Duncan Robertson, Daily Mail4 July 2007 Calculate Food prices and energy bills are rising faster in Britain than almost anywhere else in the Western world. Shoppers are paying 4.9% more for their weekly groceries compared with a year ago. RIP-OFF: Food prices in the UK are rising five times as fast as in France OTHER STORIES House prices slow but rate rise looks a cert Watchdog shames sub-prime lenders Market report: Wednesday latest Households face record debt bu ...


Australia leaves rates unchanged
4 Jul 2007 source: bbc.co.uk

Australia's central bank has left interest rates on hold at 6.25% with inflationary pressures showing few signs of picking up. The Reserve Bank of Australia (RBA), which last increased rates in November, made no comment on the decision. Economists said recent weak retail sales and house building figures meant the decision had been widely expected. The news came as the country's trade gap unexpectedly narrowed to 807m Australian dollars ($690m; £342.9m). Official figures showed that a 3% ...


European government bonds lower as survey data strengthen case for rate hike ...
4 Jul 2007 source: iii.co.uk

LONDON (Thomson Financial) - European government bonds continued to fall off the safe haven-fuelled rally of previous days, with the focus squarely on Europe as US markets are closed for Independence Day. Pressure on bonds came as a batch of PMI surveys came in robust, reinforcing expectations for higher interest rates in the UK and euro zone, although the picture was tempered somewhat by weak eu ...


UK CIPS June services PMI rebounds to 57.7 from 57.2 in May - sources UPDATE ...
4 Jul 2007 source: iii.co.uk

(Adds further detail, analyst comment) LONDON (Thomson Financial) - The UK's services sector, which accounts for nearly three quarters of the whole economy, rebounded in June after two muted readings, with pricing pressures also on the up, sources said of a key survey. They said the June business activity purchasing managers' index from the Chartered Institute of Purchasing and Supply came in at ...


Forex - Pound continues rally against dollar, supported by strong services PMI ...
4 Jul 2007 source: iii.co.uk

LONDON (Thomson Financial) - The pound remained strong against the dollar, boosted by a survey showing activity in the service sector remains robust. The services sector purchasing managers' index for June rose to 57.7 from 57.2 in May - analysts had expected the reading to remain unchanged. Sterling has rallied in the past few days on expectations that the Monetary Policy Committee, which begin ...


UK June house prices up 0.4 pct, continuing sluggish trend - Halifax UPDATE ...
4 Jul 2007 source: iii.co.uk

(Adds analyst comment, background) LONDON (Thomson Financial) - House prices in the UK rose sluggishly for the second straight month in June, giving the latest sign that the property market may finally be cooling off, the country's biggest mortgage lender said today. Halifax, which is part of the HBOS PLC banking group, found that house prices, on a seasonally-adjusted basis, rose by 0.4 pct in  ...


UK CIPS June services PMI rebounds to 57.7 from 57.2 in May - sources ...
4 Jul 2007 source: iii.co.uk

LONDON (Thomson Financial) - The UK's services sector, which accounts for nearly three quarters of the whole economy, rebounded in June after two muted readings, with pricing pressures also on the up, sources said of a key survey. They said the June business activity purchasing managers' index from the Chartered Institute of Purchasing and Supply came in at 57.7, higher than May's 57.2 and beatin ...


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