European Central Bank, Bank of England leave interest rates unchangedOctober 8th, 2009 ECB, BoE leave interest rates unchangedFRANKFURT — The European Central Bank and the Bank of England both left their key interest rates unchanged Thursday at record lows. The ECB left its main refinancing rate at 1 percent while the Bank of England left its rate at 0.5 percent.
Bank of England holds key rate at 0.5 pct; no move on expanding money supplyOctober 8th, 2009 Bank of England holds key rate at 0.5 pctLONDON — The Bank of England kept its main interest rate unchanged at the record low of 0.5 percent Thursday and held off from any further moves to expand the money supply — for now. Both decisions were widely expected but the Bank of England said it would keep its asset purchase program — known as quantitative easing — under review.
Bank of England holds rates steady at 0.5 percent, maintains monetary easing programSeptember 10th, 2009 Bank of England holds rates steadyLONDON — The Bank of England held interest rates steady at a record low of 0.5 percent for the sixth consecutive month on Thursday and pledged to continue its program to boost the money supply despite gathering signs of an economic recovery. The bank decided against expanding the program, dubbed quantitative easing, any further this month — but committed to carrying out further asset purchases under the existing program size.
European Central Bank, Bank of England keep rates steady; Britain to expand monetary easingAugust 6th, 2009 European, British rates unchangedFRANKFURT — The European Central Bank and Bank of England left interest rates unchanged Thursday at record lows amid early signs of economic recovery but took different paths in efforts to increase money supply and boost growth. The Bank of England kept its interest rate at 0.5 percent and the ECB left its at 1 percent.
Bank of England keeps interest rates at 0.5 percent, expands asset purchase programAugust 6th, 2009 Bank of England expands effort on money supplyLONDON — The Bank of England surprised markets Thursday by significantly expanding its program of buying financial assets to boost the money supply, a growth-boosting step that indicates the British central bank remains cautious about recent signs of economic recovery. The bank, while holding interest rates steady at a record low of 0.5 percent, said Thursday it was expanding its so-called quantitative easing program by 50 billion pounds ($84 billion) to 175 billion pounds ($295 billion).
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.
ECB holds steady at 1 percent; BoE keeps rate steady, expands purchase programAugust 6th, 2009 ECB, BoE keep rates unchangedFRANKFURT — The European Central Bank has left its benchmark interest unchanged at 1 percent, a record low. The decision Thursday came after the Bank of England left its own rate unchanged at 0.5 percent and announced it would expand its asset purchases aimed at increasing the money supply.
Bank of England was unanimous in holding rates steady, wants to wait with more asset purchasesJuly 22nd, 2009 Bank of England weighs further money infusionLONDON — The Bank of England's rate-setting body was unanimous when it voted to keep its key interest rate at a record low of 0.5 percent and said it would assess whether it needed another 25 billion pounds to pump into the economy next month, minutes to the July 9 meeting showed Wednesday. The nine-member Monetary Policy Committee (MPC) said it had "not learned much" from developments in the month up to the meeting that would have enabled it to assess whether its program to enlarge the money supply needed to be stepped up and that more reliable data would be available next month.
ECB holds steady, keeps its benchmark interest rate at 1 percentJuly 2nd, 2009 ECB keeps interest rate at 1 pctLUXEMBOURG — The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy. Bank President Jean-Claude Trichet said the ECB was pleased by the demand for its record euro442 billion ($623 billion) in 12-month credits to banks last week, but wouldn't comment about what more it might do.
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.
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.
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.
Japan's central bank holds rates, raises purchase of government bondsMarch 18th, 2009 TOKYO - Japan's central bank Wednesday kept its benchmark interest rate unchanged at 0.1 percent but decided to step up its purchases of government debt. The Bank of Japan is to increase its monthly purchases of long-term government debt from 1.4 trillion yen ($14.21 billion) to 1.8 trillion yen to inject liquidity into money markets and prevent the rise of long-term interest rates.
Bank of England says economic crisis was underestimatedDecember 22nd, 2008 LONDON - The Bank of England (BoE) failed to understand the seriousness of the looming economic crisis despite rocketing house prices and credit levels, its deputy chief has said. John Gieve said Monday that the bank had spotted 'some crazy borrowing' and unsustainable asset prices but 'didn't think it was going to be anything like as severe as it turned out to be'.
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