ECB tipped to hold interest rates
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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 expected to keep interest rates at 5.25%, but another rise remains a possibility.
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The European Central Bank left its key interest rate unchanged on Thursday but signaled that it could raise it pre-emptively if generous wage deals threaten to ignite inflation.
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The Bank of England is widely expected to leave interest rates unchanged at 4.75 percent on Thursday after recent signs that a string of hikes have started to douse the red-hot housing market.
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The European Central Bank keeps interest rates in the eurozone at their current level of 4%.
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The Bank of England is seen holding rates at 5.5% after its latest meeting, but a rise remains a possibility.
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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 central bank is likely to keep interest rates at historical lows for now amid worries about weakening demand for electronics goods in the second half, economists said yesterday.
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The European Central Bank (ECB) decided Thursday to keep its euro-zone main interest rate unchanged at 2 percent despite the slowdown of the economic growth.
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The European Central Bank has kept eurozone interest rates unchanged at 2% for the seventeenth consecutive month. The decision came amid worries about the economy in the 12-nation eurozone.
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The Bank of England held its key interest rate steady at 5 percent on Thursday, a decision that was widely expected.
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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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The Bank of England held its benchmark interest rate steady at a six-year high of 5.5 percent after reports that price inflation is slowing in the services and housing sectors. The bank raised rates last month after three other rises since August apparently failed to cool inflationary pressures and a buoyant housing market. Even after the European Central Bank raised rates Wednesday by a quarter-point, to 4 percent, Britainâs rates remain the highest among the worldâs seven wealthiest nations. Most economists expect a rise of a quarter of a percentage point next month in British rates. as the Bank of England tries to bring consumer price index inflation back to its 2 percent target from its current level of 2.8 percent.
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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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UK interest rates have been kept on hold at 5% following the latest meeting of the Bank of England.
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The European Central Bank holds interest rates at 3%, amid signs of easing eurozone inflation.
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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%.