ECB keeps eurozone rates on hold
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The European Central Bank keeps eurozone interest rates unchanged at 2% for the sixteenth month in a row.
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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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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THE European Central Bank has followed the Bank of England and kept its interest rates on hold, preferring to give itself more time to assess the effect of soaring oil prices on the inflationary outlook and slow economic recovery.
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The US Federal Reserve opts to keep interest rates on hold for the fourth successive month amid signs of a slowing economy.
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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 Bank of England keeps UK rates on hold for the second month in row after fears of cooling house prices.
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All nine members of the Bank of England&#39;s Monetary Policy Committee voted to keep interest rates unchanged at 4.75 percent this month, and there seemed to be no discussion of raising borrowing costs.
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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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UK interest rates will most likely be kept on hold on Thursday, but analysts say it will be a very close decision.
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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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Japan's central bank keeps interest rates on hold at 0.25% for the second consecutive month.
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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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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 keeps the cost of borrowing unchanged at 2% for the 18th straight month, despite the risk posed by the soaring euro.
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The European Central Bank held its main interest rates steady Thursday against a background of rising inflation and slowing growth, shortly after the Bank of England (BoE) did the same.
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Britain&#39;s central bank, the Bank of England, decided Thursday to leave the base interest rate on hold at 4.75 percent for the fourth month in a row amid signs of a cooling economy.