Australian Central Bank Will Keep Key Rate at 5.25%: BN Survey
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The Reserve Bank of Australia&#39;s board meets today and will probably keep interest rates unchanged ahead of an election next month as retail sales and house prices fall.
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Australia's central bank has raised interest rates by 25 basis points to a six-year high of 6.0 percent in an effort to head off inflationary pressures in a booming economy.
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Bank of England policymakers voted 9-0 in September to hold the central bank&#39;s key interest rate at 5.75 percent, according to minutes of the meeting published on Wednesday.
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Bank of England expected to push rates up to 5.75%.
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The Bank of England held interest rates steady at 5.5 percent on Thursday, resisting calls for a cut amid mounting signs of a slowing domestic economy.
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UK interest rates are set to remain on hold at 5% following the Bank of England's 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 Governing Council of the European Central Bank decided to keep the interest rates at 2 % on Thursday. The same day, the Bank of England also announced the decision to keep its key rate unchanged at 4.75%.
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The Bank of England&#39;s rate-setting Monetary Policy Committee voted unanimously to leave its key base rate unchanged at 4.75pc at its last meeting on Oct 7, the central bank said today.
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Bank of England policymakers voted by 7-2 to raise interest rates by a quarter of a percentage point to a five-year peak of 5.00 percent, minutes of their most recent meeting have shown.
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The Bank of Japan opts to keep interest rates unchanged at 0.5% for the seventh month in a row.
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The Bank of England holds UK interest rates at 5.5%, but analysts say a rate rise later this year remains likely.
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The Bank of Canada announced today it is keeping its trend-setting overnight rate at 2.5 per cent, amid fears that the falling US dollar could hurt Canada&#39;s economic growth.
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The Bank of Japan opts to keep interest rates unchanged at 0.5%, for the sixth month in a row.
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The Federal Reserve on Thursday held benchmark U.S. interest rates steady at 5.25 percent for an eighth straight meeting and dropped a description of core inflation as "elevated."
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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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The US Federal Reserve keeps its main interest rate at 5.25%