Euro rates on hold for 18th month
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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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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 (ECB) keeps eurozone interest rates on hold at 4% following its latest meeting.
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The European Central Bank meets Thursday to decide how best to guide the 13-nation euro zone through a storm of market volatility, with many analysts believing it will opt to keep interest rates on hold for now.
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The dollar weakened to a 20-month low against the euro yesterday, as traders bet the gap between European and US interest rates will keep narrowing.
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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 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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BRUSSELS  - European finance ministers are to meet for regular talks Monday again clouded by the euro&#39;s record surge and amid growing speculation about possible Japanese or European currency market intervention.
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With economic indicators mixed, the European Central Bank will leave interest rates unchanged Thursday as it waits for signals that a hesitant recovery has built up more steam, economists say.
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LONDON  - The euro drifted back from another all-time high against the dollar as dealers booked profits following the sharp appreciation in the currency in the wake of comments from European Central Bank president Jean-Claude Trichet and weak US
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UK interest rates are kept on hold at 4.75% by the Bank of England's Monetary Policy Committee amid signs of a slowing economy.
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LONDON, Oct 22  - The euro held its ground against the dollar here Friday as the US currency was hampered by comments from Federal Reserve officials that suggested US interest rates might stay where they are for a while.
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European equities fell on Thursday as interest rate concerns resurfaced, with comments due from US Federal Reserve and European Central Bank officials, while the Bank of England is seen keeping UK rates on hold.
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The European Central Bank leaves eurozone interest rates on hold at 2%, and upgrades its economic growth forecasts.
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The pound held firm against the dollar and euro after a string of recent economic data continued to suggest that the Bank of England (BoE) will be forced to raise interest rates in the coming months to keep a stranglehold on inflation.
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FRANKFURT At the end of a year that has seen a tepid European economic recovery shaken by high oil prices and a strong currency, the European Central Bank is facing a dilemma for which the best solution may simply be to wait.
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The Bank of England's interest rate setters voted unanimously to keep rates on hold at 4.75% in January, minutes of the meeting show.