European Central Bank leaves main interest rate unchanged at 1 percentOctober 8th, 2009 ECB leaves rates unchangedFRANKFURT — The European Central Bank left its key interest rate unchanged at 1 percent on Thursday. Analysts had widely expected the bank to hold rates steady at its meeting in Venice.
Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsOctober 7th, 2009 Dollar climbs ahead of ECB, BoE rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. The 16-nation euro slipped to $1.4666 in New York trading from $1.4710 late Tuesday, while the British pound fell to $1.5876 from $1.5911.
Amid signs of improving economy, ECB keeps rate unchanged at 1 pctSeptember 3rd, 2009 European Central Bank keeps rate steadyFRANKFURT — The European Central Bank has left its benchmark rate unchanged at 1 percent as markets wait for word that it may raise its economic forecasts. The ECB, which sets interest rates for the 16 countries that use the euro, will explain its decision at a press conference later Thursday.
Amid signs of improving economy, ECB keeps key interest rate unchanged at 1 percentSeptember 3rd, 2009 European Central Bank keeps rates steadyFRANKFURT — Improving consumer and business sentiment are signs of an economic rebound in the countries using the euro, European Central Bank president Jean-Claude Trichet said Thursday — though he warned any recovery was bound to be uneven. Speaking to reporters after the bank left its benchmark rate unchanged at 1 percent, Trichet said that any rebound was "expected to be uneven" both "inside and outside the euro area."
The cautious tone of Trichet's remarks led economists to conclude the bank will not be raising interest rates from their record low for some time to come.
As signs of improvement spread, European Central Bank likely to hold off on rate moves for nowSeptember 2nd, 2009 European Central Bank to hold rates steadyFRANKFURT — Signs of nascent economic recovery in the euro zone mean the European Central Bank could lift key portions of its outlook when its governing council meets Thursday — although it is almost certain to leave interest rates unchanged. The bank's key refinancing rate has stood at 1 percent — a record low — since May as the bank moved to get cash flowing among European banks and help them during the world financial crisis.
US central bank sees economic recovery in coming monthsSeptember 2nd, 2009 WASHINGTON - The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the job market, according to minutes of the central bank's last meeting released Wednesday. Still the majority of the central bankers said at the Aug 11-12 meeting that they expected recovery to be slow and stressed that the economy was "still vulnerable to adverse shocks".
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.
Canada's central bank keeps interest rate steady, raises economic outlookJuly 21st, 2009 Canada's central bank holds key rate steadyTORONTO — Canada's central bank said Thursday the Canadian economy could be bouncing back stronger than previously believed. The Bank of Canada, however, as expected — held its key interest rate at a record low 0.25 percent and reiterated its intention to hold the rate there until the middle of next year.
Japan's central bank keeps key interest rate at 0.1 percentJuly 15th, 2009 Japan's central bank keeps rates steadyTOKYO — Japan's central bank has kept its benchmark interest rate steady amid signs that the economy has ended its slide. The Bank of Japan's eight-member policy board voted unanimously to leave its overnight call rate target unchanged at 0.1 percent, as widely expected by the market.
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.
Danish central bank lowers key interest rate to 1.65 percent, following ECB cutMay 8th, 2009 Denmark cuts key interest rate to to 1.65 percentCOPENHAGEN — Denmark's central bank says it has cut its key interest rate by 0.35 percentage point to 1.65 percent. Denmark's Nationalbanken says the decision was a consequence of a rate cut by the European Central Bank earlier in the day.
Japan's central bank leaves key interest rate unchanged at 0.1 percentApril 30th, 2009 Japan's central bank keeps interest rate on holdTOKYO — Japan's central bank kept its benchmark interest rate steady amid signs that the country's economic picture may be brightening. The Bank of Japan's eight-member policy board voted unanimously Thursday to leave the overnight call rate target unchanged at 0.1 percent, as widely expected.
No pickup for eurozone economies before 2010, says central bankApril 9th, 2009 FRANKFURT - European economies can only expect to begin their recovery in 2010, the European Central Bank (ECB) predicted Thursday. This year, global demand is likely to remain very low since global economies including the eurozone are 'in a serious downturn', the ECB wrote in its monthly newsletter, published Thursday.
Europe cuts rates to historic lows amid deepening recessionMarch 6th, 2009 FRANKFURT - The European Central Bank (ECB) cut rates for the fifth time in six months Thursday lowering borrowing costs to an historic low as the Frankfurt-based ECB stepped up efforts to contain the economic fallout from the deepening global recession. Thursday's hefty 50-basis-point reduction brought the ECB's benchmark refinancing rate down to 1.5 percent and followed an announcement in London that the Bank of England (BoE) meeting had also trimmed the cost of money by 50 basis points.
Key rates unchanged, growth target cut in RBI policy reviewJanuary 26th, 2009 MUMBAI - India's central bank decided to maintain status quo on key rates and lowered the country's growth target for this fiscal to seven percent as it presented the third quarter review of its monetary policy here Tuesday. The benchmark bank rate, the repurchase rate, the reverse repurchase rate, the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR) were all kept unchanged by Reserve Bank of India (RBI) Governor D.
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