Bank of England expands asset purchases to increase money supply, keeps rates at 0.5 percentAugust 6th, 2009 Rates unchanged, but BoE adds monetary easingLONDON — The Bank of England is keeping official interest rates at a record low of 0.5 percent — but it is expanding its program to expand the money supply by 50 billion pounds to 175 billion pounds. With recent signs of an economic recovery on the horizon, the extension of the so-called quantitative easing program announced by the bank on Thursday indicates it remains cautious about those early indicators.
ECB likely to hold steady at 1 percent; BoE keeps rate steady, expands purchase programAugust 6th, 2009 BoE keeps rates unchanged, ECB likely to followFRANKFURT — The European Central Bank was likely to keep interest rates the same Thursday amid early signs of economic recovery, while the Bank of England said it would expand its asset purchases aimed at increasing the money supply. The BoE kept its interest rate unchanged at 0.5 percent while analysts expect the ECB to leave its own rate at 1 percent.
Dollar gains as stocks fall, Bank of England expands money supply programAugust 6th, 2009 Dollar gains as BoE to expand money supply programNEW YORK — The dollar came surging back Thursday as stock markets slipped, gaining strongly against the British pound after the Bank of England said it was extending its program of boosting the money supply. The British pound dropped to $1.6776 in late trading from $1.7020 late Wednesday in New York.
Bank of England holds interest rates at 0.5 pct; maintains policy to increase money supplyJune 4th, 2009 Bank of England keeps interest rates at record lowLONDON — The Bank of England has kept official interest rates at a record low of 0.5 percent and maintained its policy of increasing the money supply to the economy. With early — but tentative — signs of an economic recovery on the horizon, the bank's decision on Thursday represents a cautious stance.
European Central Bank keeps interest rate at 1 percent amid recessionJune 4th, 2009 European Central Bank keeps rates unchangedFRANKFURT — The European Central Bank kept its main interest rate unchanged at a historic low of 1 percent on Thursday amid a deeper than anticipated recession. The ECB's decision to keep the refinancing rate on hold for the 16 nations that share the euro was in line with expectations after the bank indicated last month it did not intend to make further cuts in the near term.
Bank of England holds interest rates steady at 0.5 percent; increases asset purchase programMay 9th, 2009 Bank of England increases asset purchase programLONDON — The Bank of England has kept official interest rates on hold at a record low of 0.5 percent — but has increased its program to buy back assets to increase the domestic money supply. At the end of its monthly rate-setting meeting on Thursday, the bank said it is increasing the size of its so-called quantitative easing program by 50 billion pounds ($75.4 billion) to 125 billion pounds.
ECB cuts main interest a qtr-point to 1 pct; BoE boosts asset purchases, keeps 0.5 pct rateMay 9th, 2009 ECB cuts a quarter point; BoE hikes asset purchaseFRANKFURT — The European Central Bank has cut its main interest rate by a quarter point to 1 percent and is likely to unveil more measures aimed at boosting the economy of the 16-nation euro zone. The downward move was the fourth such decision this year by the Frankfurt-based bank that sets monetary policy for countries that share the euro currency.
European Central Bank cuts rates, to buy euro covered bonds, extend 12-month credit to banksMay 8th, 2009 ECB cuts a quarter percent, will buy bondsFRANKFURT — The European Central Bank will purchase euro-denominated covered bonds and extend 12-month credits to banks as it moves to get more money flowing through the 16-nation euro zone economy. ECB President Jean-Claude Trichet, in remarks to reporters after the bank lowered its benchmark interest rate to 1 percent, unveiled the measures to accompany already announced increased liquidity and broader collateral rules for banks.
European Central Bank cuts main interest a quarter point to 1 percent ThursdayMay 8th, 2009 ECB cuts a quarter pointFRANKFURT — The European Central Bank has cut its main interest rate by a quarter point to 1 percent and is likely to unveil more measures aimed at boosting the economy of the 16-nation euro zone. The downward move was the fourth such decision this year by the Frankfurt-based bank that sets monetary policy for countries that share the euro currency.
European Central Bank cuts rates, to buy euro covered bonds, extend 12-month credit to banksMay 8th, 2009 ECB cuts key rate a quarter percent; to buy bondsFRANKFURT — The European Central Bank cut interest rates a quarter point and said it would buy euro-denominated bonds as well as offer longer-term credit to banks as it moves to get more money flowing through the 16-nation euro zone economy. ECB President Jean-Claude Trichet, in remarks to reporters after the bank lowered its benchmark interest rate to 1 percent on Thursday, unveiled the new measures to accompany already announced moves including increased credit amounts and broader collateral rules for banks that borrow from it.
ECB cuts main interest a quarter-point to 1 percent; BoE holds rate unchanged at 0.5 percentMay 8th, 2009 ECB cuts a quarter percent; BoE keeps 0.5 pct rateFRANKFURT — The European Central Bank cut its main interest rate by a quarter point to 1 percent Thursday and is poised to unveil more measures to help boost the 16-nation euro zone economy. The ECB also cut its interest rate on its marginal lending facility — used to lend money to banks overnight — by a half a point to 1.75 percent from 2.25 percent.
European Central Bank cuts rates a quarter point, will buy bonds, offer longer bank creditsMay 8th, 2009 European Central Bank cuts rates a quarter pointFRANKFURT — The European Central Bank cut interest rates a quarter point to 1 percent Thursday and said the reduction wasn't necessarily its last, while announcing still more measures to push money into the 16-country euro zone's financial system and support its economy. The Bank of England also moved to shore up its economy, stepping up efforts to increase the money supply although it left its rates unchanged at 0.5 percent.
European Central Bank cuts rates, to buy euro covered bonds, extend 12-month credit to banksMay 8th, 2009 ECB cuts a quarter percentFRANKFURT — The European Central Bank cut interest rates a quarter point and said it would buy euro-denominated bonds as well as offer longer-term credit to banks as it moves to get more money flowing through the 16-nation euro zone economy. ECB President Jean-Claude Trichet, in remarks to reporters after the bank lowered its benchmark interest rate to 1 percent on Thursday, unveiled the new measures to accompany already announced ones such as increased amounts of bank credits and broader collateral rules for banks that tap them.
ECB cuts rates to historic low to spur growthApril 2nd, 2009 FRANKFURT - Falling inflation and a deepening recession paved the way for the European Central Bank (ECB) to deliver another rate cut Thursday, trimming borrowing costs to an historic low of 1.25 percent. The 25-basis-points reduction, less than the half-percentage-point analysts had expected, brought the total rate cuts made by the ECB in the 16-member eurozone since October to 300 basis points, reflecting its effort to spur economic growth.
Bank of England cuts interest rates to historic lowFebruary 4th, 2009 LONDON - The Bank of England (BoE) Thursday cut interest rates to an historic low of one percent in a further attempt to stimulate the economy and stave off a deepening recession. The bank's decision to cut borrowing costs by 50-basis-points follows monthly rate cuts since last October, when the key lending rate in Britain stood at five percent.
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