Iceland Rate Rise to 15% Sparks Worries ; Finance

Evening Standard - London › March 25, 2008

Linked as:

Summary

FEARS about the state of Iceland a big investor in Britain's retail and financial services industries rose today as its central bank hoisted interest rates to 15%.

The massive 1.25 percentage points rise in base rates caught the City on the hop and triggered renewed concerns about businesses ranging from Hamleys and House of Fraser to stockbroker Singer & Friedlander, all owned by Icelandic companies.

See the full content of this document

Extract

Iceland Rate Rise to 15% Sparks Worries ; Finance

It was an emergency rise which the cent...

See the full content of this document