Interest Rates Raised in Euro Zone
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The European Central Bank on Wednesday raised borrowing costs to their highest level in nearly six years, pointing to a humming economy that raised the risk of higher inflation.
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The Bank of England is expected to raise interest rates to 5.75% at its monthly meeting this week.
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OTTAWA - Interest rates are up and are likely going higher but don&#39;t lock in that variable-rate mortgage, experts advised Tuesday after the Bank of Canada raised interest rates a further quarter-point.
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Bank of England expected to push rates up to 5.75%.
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The Bank of England raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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The euro rose as high as $1.3889 in afternoon European trading today amid speculation that the Fed will soon cut interest rates by as much as half a percentage point.
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The Swiss National Bank on Thursday raised its key interest rate by a quarter of a percentage point for the second time this year as the country's economy continued to recover.
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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 Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.
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The pound crept up against the dollar and euro on Monday after a slight rise in producer prices was interpreted by investors as a sign that the Bank of England (BoE) will be forced to raise interest rates.
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Interest rates on short-term Treasury bills rose in auction yesterday to the highest levels in two weeks.
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The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen inflation.
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The European Central Bank raised its benchmark interest rate by a quarter-point and signaled more increases were likely next year.
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Prices and interest rates are up, but that isn't necessarily a bad thing
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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
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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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Speedy growth in the eurozone and UK services sectors are making higher interest rates likely.