IMF cites Britain as economic example for eurozone
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The IMF has pointedly cited Britain -- which has undertaken liberal economic reform -- as an example to follow for the 12-member eurozone.
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The Federal Reserve and the European Central Bank painted contrasting pictures of the US and European economies on Thursday, with Ben Bernanke, Fed chairman, depicting a US economy that could continue to grow rapidly without generating inflation, while the ECB hinted that further interest rate rises were needed to stem inflationary pressure in the eurozone.
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"I wish to inform you that I shall personally attend the meeting and also be present at all the functions organised for the celebrations of the silver jubilee of Her Majesty the Queen."  Britain, which turned to the International Monetary Fund for help after a 1976 sterling crisis, held lavish celebrations to mark the queen's 25 years on the throne, including a service at Saint Paul's cathedral ... via Gulf Times
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The sharp economic slowdown in the eurozone shown in the latest growth figures was of a &quot;one-off, temporary nature&quot; and growth will rebound to an annual rate
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A report from Ernst & Young says UK policy makers must not hike interest rates so high they hurt the economy.
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Financial market turbulence should  have only a limited impact on euro-zone growth, European  Central Bank policymakers said at weekend meetings of global  financial officials in Washington.
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European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that eurozone rates were likely to go up in September.
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The International Monetary Fund (IMF) says that the Jamaican authorities have succeeded in stabilising the economy and restoring market confidence - after last year&#39;s foreign currency instability - but warns that the huge public debt remains an area of ...
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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Economic data to be released this week are expected to show slipping business and consumer eurozone confidence in September and slowing economic growth in Britain as rate hikes braked expansion, economists said.
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A joint plan by five central banks aimed at easing the credit crunch in financial markets has been welcomed by UK Prime Minister Gordon Brown.
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British Chancellor of the Exchequer Gordon Brown warned Friday that a weak growth in the 25-member European Union bloc is endangering the global economy.
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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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Rise in inflation lower than expected, suggesting Bank of England will have room to cut interest rates
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The International Monetary Fund (IMF) has said in its World Economic Outlook that there could be a sharp fall in UK house prices. According to the IMF, the market will &quot;probably slow down significantly in
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It was held up by politicians two years ago as a model for economic revival for others in Europe. Now England's northeast is a frontline for the impact of a credit crisis that began in California.
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The UK economy will grow by 2.9% this year, although interest may need to rise further, the IMF forecasts.