Europe set to extend rate freeze
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Europe's central bank is expected to keep interest rates on hold at 2%, in sharp contrast with steady rate rises in the US.
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European equities were poised for gains on Friday, having lost more than 2 per cent over the last three sessions as interest rate concerns renewed their grip on the market.
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The European Central Bank signalled Wednesday that eurozone interest rates were set to rise in the coming months as the financial markets bet on a move as early as next week.
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FRANKFURT Will the European Central Bank intervene in the world&#39;s currency markets to put a lid on the euro? It has become a tantalizing prospect for many Europeans, who are nervous about the economic impact
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Bank of England (BoE) policymakers are widely predicted to freeze interest rates at 4.75 percent on Thursday after last month's surprise hike to borrowing costs.
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European finance ministers expressed concern at &quot;excess volatility&quot; in currency rates in talks that also took in the vexed question of reforms to the eurozone's tattered budget rules.
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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 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 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 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 opts to keep interest rates on hold at 4% as jitters unsettle world markets.
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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 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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Experts expect the Bank of England to leave interest rates on hold at 4.75% on Thursday.
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The European Central Bank may need to raise interest rates if euro zone inflation plateaus rather than merely rises temporarily, ECB Governing Council member Yves Mersch was reported on Tuesday as saying.
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The Bank of England leaves rates on hold at 4.75%, though analysts predict an increase later this year.
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FRANKFURT, Germany- The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong ...Comment