Hungarian central bank cuts key interest rate by half percentage point
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The Hungarian central bank cut its benchmark interest rate by 50 basis points from 11.5 percent to 11.0 percent, the bank said in a statement posted on its website.
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The Hungarian central bank lowered its key interest rate by 50 basis points, from 11.0 percent to 10.5 percent, the bank said in a statement posted on its website.
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The Bank of England on Thursday left its key interest rate at 5.50 percent, opting against back-to-back cuts amid a gloomy economic outlook at home and abroad.
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A sputtering job market has convinced economists at key U.S. investment banks that the Federal Reserve will need to resort to a steeper half-percentage point interest rate cut when it meets later this month.
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The European Central Bank is expected to raise its interest rates by a quarter of a percentage point to 3.75%.
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The Federal Reserve on Tuesday  slashed benchmark interest rates by a half-percentage point in  a bold bid to buffer the economy from a housing slump and  related financial market turbulence.
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The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point today to 4.75 percent, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
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The Bank of England on Thursday trimmed its key interest rate by a quarter-point to 5.25 percent amid concerns of slower economic growth, while keeping a close watch on inflation.
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The U.S. Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.
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The Hungarian central bank cut its benchmark interest rate by 0.50 percentage points to 11.0 percent in what was seen as an attempt to weaken the country's currency.
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Abandoning recent threats to raise interest rates, the European Central Bank hinted Thursday that it would soon follow the Federal Reserveâs lead and cut them.
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The European Central Bank is set to lift its key interest rate by a quarter of a percentage point when it meets this week &#151; the fifth such move since the bank started adjusting rates in December 2005 as Europe's economy picked up.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.
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Responding to a worldwide stock sell-off and fears about a U.S. recession, the Federal Reserve slashed its benchmark interest rate before the opening of the U.S. markets.
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The Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a hefty three-quarters of a percentage point in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
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The Bank of England voted 8-1 to lower interest rates in February to 5.25%, minutes from the meeting show.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday