Eyes on Ankara for the next round of crises
When money market interest rates toy with the 5,000% level, as they did in Turkey yesterday, it is time to take notice. The crises in south-east Asia in 1997 and Russia i...
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MPC takes out an insurance policy
For some in the City, the Bank of England's decision to cut interest rates yesterday was a high risk, even a reckless, move.
The economy looks pretty strong, the housin...
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Greenspan in tax cut U-turn
Alan Greenspan, the world's most powerful central banker, signalled a fundamental shift in his thinking yesterday by dropping his opposition to US tax cuts. He kept the m...
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Room to move as UK economy weathers storm
The Bank of England's decision to keep interest rates on hold for the 11th month in a row - despite the cut to American borrowing rates last week - demonstrates that Thre...
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Setting up the May poll
It took everybody by surprise. The cut in American interest rates last week may have been to head off a potential sharp US recession, but the implications for Britain and...
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Please do not remove your seatbelts just yet
Equities need a visit from the style gurus. The emergency cut in American interest rates may serve only to highlight their recently rediscovered deficiencies. As the smal...
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Credit card frenzy leads to debt society
When the creditors began phoning and knocking at their door, Angela Adams and her husband, Roy, ignored them at first.
They told their friends and family to ring a few ...
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Old Lady joins Fed chief for soft landings
Rate hawks are becoming an endangered species on both sides of the Atlantic. City analysts, who a few months ago were confidently predicting that borrowing costs could ri...
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Flat sales signal slowdown
City traders took a bet yesterday that UK interest rates are about to fall after new figures showed consumers and manufacturers tightening their belts, a warning of slowe...
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Cutting the cost of your plastic
The amount that people in the UK spend on credit cards has increased dramatically in recent years. Last year, credit card spending reached a massive ?70 billion, followin...
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Accounting & Auditing 
