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Realistbear

I R Hikes Again In China As Mortgages Get Hit

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http://news.xinhuanet.com/english/2006-05/...ent_4519914.htm

BEIJING, May 8 -- The country's public housing fund has raised its mortgage rates for individual house buyers by
18 basis points effective May 8
, the official Xinhua news agency said Saturday.
The annual interest rate for loans with a maturity of five years or less will rise to 4.14 percent from 3.96 percent, Xinhua said, citing an announcement by the Ministry of Construction, supervisor of the public housing fund.

And Japan:

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

8 May 2006

Dealers said the yen was aided by Bank of Japan governor Toshihiko Fukui's comments that the central bank is open to the next step in raising interest rates.

Interest rate sensitive assetts seem to be getting a hammering as the trend toward much higher IR continues to gather pace. Asian Tiger economies follow suit:

Malaysia:

http://biz.thestar.com.my/news/story.asp?f...14&sec=business

Prepare for further rise

CONSUMERS will have to be prepared to tighten their belts to face a further rise in lending rates.
RAM Consultancy Services Sdn Bhd managing director and chief economist Dr Yeah Kim Leng (pic) expects another two interest rate hikes this year and forecasts the overnight policy rate (OPR) to hit 4%.

Thailand:

http://www.nasdaq.com/aspxcontent/NewsStor...nternational.na

hai Fin Min: Rising Rates To Hurt Consumer Confidence

BANGKOK -(Dow Jones)- Caretaker Finance Minister Thanong Bidaya said Monday that rising interest rates will hurt Thai consumer confidence and consumption, but he couldn't say where interest rates might peak.
He said the impact of interest rates on confidence will be greater than that of high oil prices, because much of the rise in oil prices took place last year.
Meanwhile, the
Bank of Thailand is widely expected to raise its 14-day repurchase market target rate 25 basis points to 5% at its next meeting on June 7
, as headline inflation was higher than expected at 6% on year in April, versus 5.7% in March. The central bank expects gross domestic product growth to remain relatively stable this year in a range of 4.25%-5.25%, versus around 4.5% last year.
Edited by Realistbear

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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