Interest and exchange rate forecast - September 2012

Interest and exchange rate forecast - September 2012

Out with the old and in with the new: That was the outcome of the European Central Bank's (ECB) September meeting.

Economic Analysis

11 September 2012

While interest rates were left unchanged, the ECB President announced a new bond buying programme aimed at supporting troubled Eurozone governments. This replaces the ECB's old bond purchase scheme, but with a key difference - conditionality, which means countries have to stick to the rules or they don't get the money. It is hoped this new programme will restore some much needed confidence in the Eurozone.

While the Bank of England left monetary policy unchanged at its recent meeting, it looks like we will see further quantitative easing in the US when the Federal Reserve meets next week.

Interest and exchange rate forecast - September 2012 (75KB)

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox