ECB and Britain leave key interest rates alone
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BRUSSELS: Record high oil price pose the biggest threat to the global economic recovery, the European Central Bank said yesterday as it left its key interest rate unchanged at 2 per cent.
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The Bank of England left the cost of borrowing unchanged at 4.75 per cent on Thursday after data had shown a slowdown in the housing market, slowing consumer
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The European Central Bank is widely expected to keep interest rates unchanged Thursday, but markets are watching for hints of a quarter-point increase in a month's time.
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The Bank of England has declared there will be no change to UK interest rates which are to hold at 4.75 per cent, as widely expected by most UK economists.
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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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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 left its key interest rate at 4.75 per cent yesterday, a decision that was widely expected, after a raft of data that showed the economy was cooling down.
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Bank of England policymakers did not even discuss raising interest rates earlier this month, raising the probability that borrowing costs will remain on
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European Central Bank holds rates at record low of 2%, citing concerns about soaring oil prices. BRUSSELS  - The European Central Bank left its key interest rate unchanged Thursday, taking more time
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The Bank of England is widely expected to leave rates on hold at 4.75% at its latest interest rate meeting.
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The Bank of England left interest rates unchanged on Thursday, following a week of intense speculation over whether it would cut them for a second month running to shore up economic growth.
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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 on Thursday left its key interest rate at 5.50 percent, opting against back-to-back cuts amid a gloomy economic outlook at home and abroad.
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The Bank of England is expected to leave interest rates on hold again Thursday despite concerns over the impact of the global credit squeeze on the local economy.
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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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LONDON : The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a second successive month, amid signs that Britain&#39;s red-hot housing market is cooling slightly.
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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.