Eurozone rates steady at 3.5%
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The European Central Bank keeps its key interest rate on hold at 3.5%, in a widely-expected move.
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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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Inflation across the 13 nation Eurozone holds steady at 1.9% in June, according to official figures.
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The European Central Bank council meets to set interest rate policy Thursday, amid expectation that it will keep its key rate steady, as it awaits solid evidence the continent's economic recovery has firmed up.
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The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent.
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European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that eurozone rates were likely to go up in September.
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The European Central Bank is widely expected to keep interest rates unchanged Thursday, but markets are watching for hints of a quarter-point increase in a month's time.
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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 European Central Bank holds interest rates at 3%, amid signs of easing eurozone inflation.
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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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The pound was well bid after the Bank of England raised interest rates for the fifth time in less than a year to stand at 5.75 percent.
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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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FRANKFURT, Germany -- The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent on Thursday.
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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 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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The European Central Bank is expected to raise its interest rates by a quarter of a percentage point to 3.75%.
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The Bank of England held a key interest rate steady at 5.25 percent on Thursday.