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ECB announces QE policy of €60bn a month

The European Central Bank has announced a programme of quantitative easing to the tune of €60bn (£45bn) a month until the end of September 2016, or beyond, to fight deflation in the eurozone.

Announcing the policy last week, ECB president Mario Draghi said the programme of buying euro-denominated investment grade securities will continue until there is a “sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below, but close to, 2 per cent over the medium term”.

The eurozone fell into deflation in December after CPI in the single-currency area was -0.2 per cent, having stood at 0.3 per cent in November. 

Draghi said this decline mainly reflects a sharp fall in energy price inflation and, to a lesser extent, a fall in the annual rate of change in food prices.”



Analysis: Equity release can help pensioners

The pensioner debt index recently produced by the Equity Release Council revealed that unsecured debt among retired homeowners is rising. A 16 per cent annual spike has caused the average indebted homeowner aged over 65 to owe more than £1,500. However, as can be the case with statistics and data analysis, there is more to […]


Paragon reports 58% lending rise in Q4 2014

Buy-to-let specialist Paragon Mortgages has reported 58 per cent growth in lending in the final three months of 2014. The lender advanced £222m between 1 October and 31 December last year, up from £140m in the same period a year earlier. Parent company Paragon Group generated operating profits of £30.9m during that period, up 14.9 […]


FCA proposes 7% cut in FSCS expenses levy

The Financial Conduct Authority has proposed a 7 per cent reduction in the management expenses levy of the Financial Services Compensation Scheme. In a consultation paper published last week, the regulator proposes a total FSCS management expenses levy of £74.4m for 2015/16, down from £80m in 2014/15. This is made up of a minimum levy […]


Letters: Haughty lenders are bad for business relationships

Star letter: Haughty lenders in their ivory towers are bad for business relationships I am increasingly concerned by the over-defensive and often haughty attitude displayed by many lenders. There is an air of superiority and sometimes disdain that is simply not conducive to building solid and profitable business relationships. The mortgage industry relies on trust and […]

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The lucky ones

By Denise Wond, Marketing Relationship Manager, Royal London Do you consider yourself lucky? I don’t; I never seem to win a prize in the raffle, if there’s a cancelled train it’s usually the one I’m meant to be on and don’t start me on last year’s holiday. On the other hand, when I think about […]


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