OECD urges interest rate caution
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The OECD says the levels of inflation in the eurozone, Japan and the US do not justify further interest rate rises.
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Top world finance ministers warned Saturday that the global economy faces growing threats from a US housing slump and credit crunch, urging banks to come clean on their subprime loan losses.
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Finance Minister P Chidambaram warned that central banks should be cautious when raising interest rates because inflationary pressures were supply driven.
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Business & money: Finance chiefs from the G7 warn the global economy will slow down as a result of US mortgage crisis
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A Bank of England rate-setter warns that a downward spiral of falling house prices threatens the economy.
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BERLIN  - The world's top finance officials stopped well short of expressing serious concern about the plunging U.S. dollar at a weekend meeting, although they issued a call for "steps toward greater exchange-rate flexibility" in Asia's emerging economies.
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The world economy remains vulnerable to downside risks stemming from tighter credit, a deterioration of the US housing market, higher oil prices and rising inflation, according to G7 finance ministers gathering in Tokyo on Saturday.
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Britain&#39;s economy would continue to grow at a healthy pace over the next two years, but vigilance was required over inflation, the OECD said Thursday.
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German Economy Minister Wolfgang Clement urged the European Central Bank and U.S. and Asian policy makers to take action against any sudden drop in the U.S. dollar, calling the currency s depreciation a risk to ...
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Rising interest rates could trigger a house price crash in the UK, the International Monetary Fund warned today. The Washington-based group said the
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The European Union on Thursday warned four countries - Germany, Italy, Portugal and Greece - that they risked violating budget rules next year if they do not further cut deficits.
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European Central Bank President Jean- Claude Trichet joined European finance ministers in appealing to the US to stem the decline of the dollar, warning that the currencyâs slide risks derailing global growth.
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European stocks are under pressure on fears that central banks will not follow the US in slashing interest rates.
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Fears of a house price crash and the impact of cheap imports have tempered Bank of England expectations of an inflationary spurt. The Bank&#39;s Monetary Policy Committee, in its quarterly
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Business & money: Bank of England contemplates a fifth rise in interest rates in less than 12 months to tackle inflation.
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Alistair Darling calls on Britain's banks to be more cautious lenders amid concerns over consumer debt.
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The Bank of England suggests interest rates will likely have to rise again, according to its latest inflation report.