Update 2: European Central Bank Keeps Rates Steady
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The European Central Bank left interest rates untouched Thursday, with bank president Jean-Claude Trichet saying Europe&#39;s modest recovery remains on track but will slow next year due to high oil prices.
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The European Central Bank has left its key interest rate unchanged, taking more time to gauge the effect of soaring oil prices on the inflationary outlook and slow economic recovery.
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Federal Reserve Chairman Ben S. Bernanke indicated today that the central bank is likely to hold interest rates steady for a while but remains ready to hike borrowing costs if necessary to force inflation lower.
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The Bank of England decides to keep UK interest rates unchanged at 5.75% this month.
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The European Central Bank keeps interest rates in the eurozone at 4%, dismissing calls for a cut.
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The European Central Bank held its benchmark interest rate as expected at 4.0 percent on Thursday, leaving markets awaiting guidance on the timing of the bankâs next move.
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FRANKFURT - The European Central Bank held interest rates steady as expected on Thursday for the 17th month in a row, uncertain about how resilient the euro zone economy will prove to a strong currency and high oil prices.
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The European Central Bank left its key refinancing rate unchanged at two per cent Thursday amid signs that the recovery in the 12-country euro zone may be sputtering.
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European Central Bank president Jean-Claude Trichet has said that today&#39;s decision to leave euro interest rates unchanged reflected a broad consensus on the governing council of the bank.
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The European Central Bank (ECB) keeps eurozone interest rates on hold at 4% following its latest meeting.
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The Bank of England held its benchmark interest rate steady at 5.75 percent on Thursday. The decision was anticipated after weeks of turmoil in global markets.
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The Bank of England has kept interest rates unchanged at 5.25 percent, opting for a wait-and-see approach on the economy after January's surprise hike had rattled financial markets.
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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 U.S. Federal Reserve on   Wednesday held its benchmark interest rate steady for a second   straight meeting, biding time to assess whether cooling   economic growth will curb price pressures.
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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 Bank of England is set to keep interest rates on hold following the latest meeting of the its Monetary Policy Committee.
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Inflation rates in Europe are unlikely to fall below the European Central Bank&#39;s 2 percent target for the rest of the year because of high oil prices, ECB board member Ottmar Issing said Sunday.