ECB leaves interest rates on hold
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The European Central Bank opts to keep interest rates on hold at 4% as jitters unsettle world markets.
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The European Central Bank left interest rates unchanged Thursday, saying high oil prices meant uncertain prospects for Europe&#39;s economic recovery.
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THE European Central Bank has followed the Bank of England and kept its interest rates on hold, preferring to give itself more time to assess the effect of soaring oil prices on the inflationary outlook and slow economic recovery.
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The European Central Bank leaves its key interest rate unchanged at 2% for the 19th month in succession.
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The European Central Bank has left interest rates in the eurozone unnchanged for the sixteenth consecutive month. Despite a slowdown in the 12-nation zone, the bankers today (Thursday) decided not to adjust the rate of 2%.
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Business groups have broadly welcomed the Bank of England&#39;s decision to keep interest rates on hold this month. The Monetary Policy Committee (MPC) announced at lunchtime on Thursday that they would be maintaining the base rate at 4.75 per cent.
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Europe's central bank is expected to keep interest rates on hold at 2%, in sharp contrast with steady rate rises in the US.
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The Bank of England should leave interest rates on hold until next year to give consumers a breathing space in the run-up to the crucial Christmas trading period, the CBI said yesterday.
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UK interest rates will most likely be kept on hold on Thursday, but analysts say it will be a very close decision.
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LONDON : The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a second successive month, amid signs that Britain&#39;s red-hot housing market is cooling slightly.
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The Bank of England has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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Analysts expect the European Central Bank to keep interest rates on hold as jitters continue to affect world markets.
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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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The European Central Bank will likely hold interest rates steady Thursday, waiting to see if its latest increase can stem inflation, but it is expected to prepare the markets for another move in March.
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The euro drifted lower against the dollar as the foreign exchange market awaited interest rate calls from both the European Central Bank and the Bank of England.
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UK interest rates are expected to remain on hold at 4.75% following the Bank of England's latest rate-setting meeting.
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With economic indicators mixed, the European Central Bank will leave interest rates unchanged Thursday as it waits for signals that a hesitant recovery has built up more steam, economists say.