Bank on course to freeze rates
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Experts expect the Bank of England to leave interest rates on hold at 4.75% on Thursday.
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Federal regulators Friday imposed a six-month freeze on the rates regional phone companies may charge their competitors to use networks to provide local service.
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WASHINGTON Aug. 20, 2004 - Federal regulators Friday imposed a six-month freeze on the rates regional phone companies may charge their competitors to use networks to provide local service.
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Investors shouldn't be writing off banks quite yet.
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The pound was rangebound against the euro and dollar on Wednesday on the eve of an interest rate decisions by the Bank of England (BoE).
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The Bank of England has declared there will be no change to UK interest rates which are to hold at 4.75 per cent, as widely expected by most UK economists.
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A new plan by six major lenders to delay home foreclosures for some borrowers won't be any more effective than a government-brokered temporary rate freeze program rolled out several weeks ago, a top U.S. banking regulator said on Wednesday.
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Britain's central bank, the Bank of England, on Friday said it has frozen the assets of a suspect accused of plotting to kidnap and kill a British soldier, and those of four others accused of terrorism offences.
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The Bank of England is widely expected to leave rates on hold at 4.75% at its latest interest rate meeting.
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OTTAWA - Amid signs of a softening economy and a strengthening dollar, the Bank of Canada is expected to sit on the sidelines this week and wait to see what happens next.
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With Britain's red-hot housing market showing signs of cooling and consumer spending slowing, the Bank of England looks certain to leave interest rates at 4.75 percent on Thursday, analysts said.
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The Bank of England is ordering a freeze on any assets belonging to a terrorist group that claimed responsibility for kidnapping and beheading two Americans and a Briton in Iraq, Treasury chief Gordon Brown said Thursday.
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Nonetheless, some investors expect the bank to cut borrowing costs this year, backtracking from its pledge to raise interest rates gradually.
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The Bank of England keeps UK rates on hold for the second month in row, following recent evidence of cooling house prices  and consumer spending.
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The central banks for Europe and Britain are facing similar quandaries but are expected to take two different paths when they make interest rate decisions Thursday.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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U.S. consumers will see rates on certificates of deposit and other savings accounts head lower amid worry the economy might enter a recession, and as competition for customers ebbs in the wake of the pending sale of Countrywide Financial Corp.