Property Investment News and Analysis from Jet-to-Let Magazine

The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers.

Fed Chairman Ben Bernanke and his central bank colleagues on Wednesday left an important interest rate unchanged at 5.25 percent, where it has stood since last June. The decision ... more »

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US economy tops competitive table

by Jet-to-Let Magazine on Thu 10 May 2007 15:08 BST

The US economy has remained the world's most competitive, despite the country's soaring trade deficit, a study says.

The world's biggest economy topped the rankings of 55 nations compiled in the Swiss-based IMD World Competitiveness Yearbook 2007.

Singapore was the second most competitive nation, moving up a place from last ... more »

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Interest rates rise to 5.5%

by Jet-to-Let Magazine on Thu 10 May 2007 12:16 BST

The Bank of England’s Monetary Policy Committee (MPC) has today increased the interest rate by .25%, to 5.5%.

The widely anticipated move has been brought about be the persistently high levels of inflation, which is well over the target figure of 2%.

The surprise surge in inflation to 3.1% in ... more »

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