World Business Briefing: Switzerland: Central Bank Raises Rate
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The Swiss National Bank raised its key interest rate by a quarter of a percentage point and raised its economic growth forecast for the year. Switzerlandâs central bank said it decided at its quarterly policy-setting meeting to raise rates to 2.50 percent from the previous 2.25 percent. The increase, expected by analysts, was the ninth successive increase in recent years and puts the rate at its highest level since 2001. The move mirrors a decision last week by the European Central Bank, which raised its key interest rate from 3.75 percent to 4 percent. The Swiss central bank also raised its expectations for growth in gross domestic product this year to 2.5 percent from 2 percent.
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With Gallic sangfroid the European Central Bank's president Jean-Claude Trichet signaled to markets that the bank's quarter-point interest rate hike on Thursday likely was not its last.
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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.
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The European Central Bank raised its benchmark interest rate by a quarter-point and signaled more increases were likely next year.
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The eurozone interest rate is raised to 3.5% as the European Central Bank keeps a close rein on inflation.
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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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Description: The Federal Reserve is raising interest rates for the fifth time since June. The quarter-point increase will put the federal funds rate at 2 1/4 percent.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.
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The European Central Bank is expected to raise rates to 4% after its latest meeting - the highest level for six years.
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The Swiss National Bank on Thursday raised its key interest rate by a quarter of a percentage point for the second time this year as the country's economy continued to recover.
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The American central bank, the Federal Reserve, Tuesday raised short-term interest rates for the fifth time in six months. Even with the quarter point increase short-term rates are a still-very-low 2.25 percent.
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The European Central Bank surprised financial markets on Thursday by revealing it had considered raising interest rates even as the euro zone economy slows, saying it is worried about inflationary risks.
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THE European Central Bank surprised financial markets yesterday by revealing it had considered raising interest rates even as the euro zone economy slows, saying it was worried about inflationary risks.
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New Zealand&#39;s dollar rose and bonds fell after the central bank raised the nation&#39;s benchmark interest rate for a fifth time and signaled it may boost rates again to curb inflation.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in its  boldest move yet to guide its heated economy to a path of  slower growth.
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China&#39;s central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development
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The Federal Reserve would raise interest rates if inflation moved higher, the Fedâs chairman, Ben S. Bernanke, said on Thursday.