Encouraging words from the UK’s Central Bank that could be further proof of the impact of quantitative easing economic policy.
Bank of England
Banks and other lenders were making more mortgages available to their customers in the final quarter of the year and are expected to further boost their offerings in the new year, the Bank of England said today.
In its latest quarterly Credit Conditions Survey, which asks lenders about credit conditions over the past three months, the Bank reported that respondents had said that the situation had become better because of the improved economic outlook and higher house prices.
Times Online
Encouraging words from the UK’s Central Bank that could be further proof of the impact of quantitative easing economic policy.
Bank of England
Banks and other lenders were making more mortgages available to their customers in the final quarter of the year and are expected to further boost their offerings in the new year, the Bank of England said today.
In its latest quarterly Credit Conditions Survey, which asks lenders about credit conditions over the past three months, the Bank reported that respondents had said that the situation had become better because of the improved economic outlook and higher house prices.
Times Online
The countries that were some time ago, success stories of the Euro zone integration are now one of the biggest worries to the founding members as the economies of Portural, Ireland, Greece, Spain and Italy are facing serious challenges and are not able to keep up with France and Germany.
Day by day, fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or risk having one or more of its most vulnerable members leave the 16-nation euro zone.
Many European economists discount such a fracture as a remote possibility. But that doesn’t mean Europe has safely emerged from crisis.
CNBC
