European Bank Holds Rates Steady
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Despite growing unease about inflation and slowing economic indicators, the European Central Bank and Bank of England kept their benchmark interest rates unchanged Thursday.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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The European Central Bank (ECB) keeps eurozone interest rates on hold at 4% following its latest meeting.
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Analysts expect the European Central Bank to keep interest rates on hold as jitters continue to affect world markets.
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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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European stock markets made steady gains on Monday, led by advances in the banking and automotive sectors.
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The European Central Bank left intact its main interest rate at 4 percent, stepping away from a threat to raise rates, as the Bank of England cut its benchmark rate by a quarter-point, to 5.25 percent.
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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 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 Bank of England is set to keep interest rates on hold following the latest meeting of the its Monetary Policy Committee.
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The pound and the euro were stable Tuesday ahead of rate decisions by the European Central Bank and Bank of England on Thursday.
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THE European Central Bank has followed the Bank of England and kept its interest rates on hold, preferring to give itself more time to assess the effect of soaring oil prices on the inflationary outlook and slow economic recovery.
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The Bank of England&#39;s Monetary Policy Committee voted unanimously to keep interest rates steady at 4.75 percent earlier this month, but analysts say another
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The Bank of England appears set to hold interest rates steady for at least the next few months after revealing policymakers did not even discuss raising borrowing costs at their November meeting.
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The European Central Bank held its key interest rate at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent.
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The Bank of Japan kept interest rates steady on Thursday in its first unanimous decision since June, after a drop in business confidence signaled that companies were bracing for slower growth.
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The Bank of England keeps UK interest rates at 4.75% following its latest meeting.