He said if interest rates - which have been held at a record low of 0.5% - were reduced further, it would risk hurting building societies by squeezing their already tight interest margins.
Blame rising credit costs, a tight interest rate environment and slowing deposit volumes.
As financing grows tighter interest rates may rise; ominously, the yield on 10-year Turkish debt recently topped that on similar duration Greek bonds.
Cliggott has been cooling off on the tech sector since earlier this month, and now he's telling Japanese investors that tighter interest rates in the U.S. could dry up liquidity and hit the technology-laden Nasdaq market soon.
The warning from Moody's spurred renewed focus on this week's meeting of the Fed's Federal Open Market Committee, where the central bank will be watched for any hints that tighter interest rates are on the agenda in the near future, though analysts do not expect any near-term action on the benchmark federal funds rate which has held at historic lows.
With credit tight and interest rates at historic lows, such intrafamily loans can be a win-win for parents and children.
If the U.S. Federal Reserve holds tight on interest rates, the banks in Hong Kong could benefit since this city has one the deepest ties among those in the region to the U.S. economy, says Y.K. Fu, head of Hong Kong research at Merrill Lynch.
While the central bank is expected to sit tight on interest rates, market watchers are eagerly anticipating Wednesday afternoon's statement, which is expected to take a harder line on inflation.
These toys are great fun for those looking for a novel gadget to get beginners and those on a tight budget interested in drones, but they're definitely not going to win over the serious enthusiast, and they offer up too many compromises to please demanding users.
And, while lending remains tight, low interest rates, new household formations and positive job growth have bolstered consumer confidence.
