Savings rates hit six-year high
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For the first time in six years it is now possible to take out a savings account earning at least 7% interest.
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The S&P 500 stock index touched a six-year high on Thursday as higher-than-expected earnings from investment bank Bear Stearns Co. Inc. , retailer Costco Wholesale Corp.  and other companies improved the outlook for steady profit growth.
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Leading shares touched six-year highs as a bouyant mining sector was bolstered by another record breaking session on Wall Street.
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen inflation.
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* Increases of 6 to 7 percent in premiums -- and more in small firms.
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Interest rates on short-term Treasury bills rose in yesterday's auction to the highest levels in more than three years.
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Consumer borrowing posted a hefty increase in May, reflecting the biggest jump in credit card debt in six months.
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Bank of England raises interest rates by a quarter point to 5.75%, their highest level for six-and-a-half years.
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A few little changes in behavior can reap big savings.
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Seeking to cool Chinaâs rapid growth rate, the Peopleâs Bank of China announced Friday that it will raise interest rates to 6.84 percent, the highest level in eight years.
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Another rise in interest rates, the fifth this year, is likely to hit homeowners and property investors. The Reserve Bank today increased the Official Cash Rate (OCR) by a quarter of one per cent to 6.25 per cent.
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Consumer borrowing posted an increase of 6.4% in May, reflecting the biggest jump in credit card debt in six months.
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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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WELLINGTON New Zealand&#39;s central bank raised the benchmark interest rate by a quarter point on Thursday, to 6.5 percent, and said the sixth increase this year may be the last as economic growth slows.
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Interest rates will likely remain at a six-year peak of 5.50 percent when Bank of England policymakers convene on Thursday, but another hike is due in the near future as the bank seeks to tame inflation.
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The interest rate at which UK banks lend money to each other reaches its highest level since 1998 as the credit crunch continues.