Bank of England keeps interest rates steady, as expected
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The Bank of England surprised precisely no one by leaving interest rates unchanged at 4.75 percent for a fourth successive month, a decision widely anticipated amid continued signs of a cooling British economy.
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The pound held firm against the dollar and euro on Friday after a robust wages survey indicated that the Bank of England will continue to trim interest rates as it tries to keep a grip on inflationary pressures in the British economy.
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The Bank of Japan opts to keep interest rates unchanged at 0.5%, for the sixth month in a row.
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The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a fourth successive month amid continued signs of cooling in the British economy.
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Bank of England policymakers are forecast to keep British interest rates at 4.50 percent for the eleventh month in a row on Thursday, despite recent upgrades to British economic growth data.
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The Bank of England is expected to keep interest rates at 4.5% on Thursday - but another rise is expected before too long.
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The pound has stayed on the back foot as markets reevaluated rate expectations following the Bank of England's decision earlier this week to hold rates at 5.25 percent.
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The Bank of England has kept its key interest rate at a five-year high point of 5.00 percent, opting against a further rise after last month's quarter-point increase.
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All nine members of the Bank of England&#39;s Monetary Policy Committee voted to keep British interest rates steady this month though their discussion suggested that some members felt the next move in borrowing costs could be down.
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Bank of England policymakers are widely expected to hold interest rates at 5.25 percent on Thursday, while recent volatility across financial markets is unlikely to affect the outcome, economists said.
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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 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 Bank of England votes to leave rates unchanged at 5.25% after its two day meeting.
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The Bank of England has kept interest rates unchanged at 5.25 percent, opting for a wait-and-see approach on the economy after January's surprise hike had rattled financial markets.
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Bank of England policymakers voted by 7-2 to keep British borrowing costs steady at 5.25 percent in February, minutes of their latest meeting showed on Wednesday.
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Sterling held steady against the dollar after the Bank of England (BoE) kept interest rates at a five-year peak of 5.00 percent, opting against a third rise during 2006.
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The Bank of Japan kept interest rates unchanged on Tuesday, but economists still expect the central bank to raise rates early next year.