Interest Rate Unchanged as Banks Tighten Credit
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Citing new economic uncertainties, the bank left its key interest rate unchanged at 4 percent, shifting course from a month ago when it signaled it would raise the rate.
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The pound and the euro showed little reaction as both the Bank of England and the European Central Bank elected to leave interest rates unchanged this month, as expected.
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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 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 Canada left interest rates unchanged, saying the economy remained on track despite slower growth and the increased risk posed by a downturn in the United States housing market. The central bank left its key overnight rate at 4.25 percent for the second consecutive time after raising rates seven times between September 2005 and May of this year. Markets had widely expected the bank to hold rates steady. In a statement, the bank was not as dovish as had been expected, leaving analysts less sure about its next moves.
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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 Bank of England has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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LONDON, November 4  - European Central Bank (ECB) has kept its benchmark interest rate unchanged at 2% for the 17th consecutive month.
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All nine members of the Bank of England&#39;s Monetary Policy Committee voted to leave base interest rates steady at 4.75 percent earlier this month, though some
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The Bank of England&#39;s rate-setting Monetary Policy Committee voted unanimously to leave its key base rate unchanged at 4.75pc at its last meeting on Oct 7, the central bank said today.
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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 Bank of England is expected to leave interest rates unchanged after the latest meeting of its Monetary Policy Committee.
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The Bank of England today held the base interest rate at 4.75% for the fourth consecutive month, with the decision coming amid evidence of a slowdown in house price growth and weak economic data.
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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 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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TOKYO  â The Bank of Japan left its policy rate target unchanged at 0.5 percent on Friday as expected, with turbulence in financial markets and fears about a United States recession heightening concerns over the economic outlook.
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The Bank of England has held its key interest rate at 4.75 percent for the second consecutive month.