News Tag: on hold
March 17, 2010
Minutes of the Bank of England’s March meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously earlier this month to keep interest rates at the historic low of 0.5%.
Furthermore, all nine members of the MPC opted to keep the quantitative easing (QE) on hold.
QE, also known as printing money, ...
Bank voted 9-0 to hold rates and QE programme
by Kay Murchie
BoJ elects to hold interest rates at 0.1%
by Kay Murchie
March 16, 2010
The US central bank, the Federal Reserve, is expected to keep interest rates at the rate of between zero and 0.25% at a meeting later today.
Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and high unemployment, ...
Fed widely expected to leave interest rates on hold today
by Kay Murchie
March 4, 2010
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the tenth consecutive month, as widely expected.
Interest rates are expected to remain on hold until at least 2011, as a result of uneven growth and low inflation.
ECB President, Jean-Claude Trichet, said: “Overall, the governing council expects the euro area ...
Euro zone interest rates on hold at 1%
by Kay Murchie
BoE keeps interest rates and QE on hold
by Kay Murchie
BoE expected to keep interest rates on hold
by Kay Murchie
March 3, 2010
The UK’s closely-watched service sector recovered in February after experiencing a dip in January as a result of bad weather disrupting services, as well as the VAT rise.
The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 58.4 in February, up from 54.5 in January.
Any reading above 50 indicates growth and February‘s ...
UK service sector recovers after snowy January
by Kay Murchie
February 4, 2010
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the eleventh month in a row.
In addition, it has put the brakes on its quantitative easing (QE) scheme - introduced to stimulate growth within the economy.
QE, also known as printing money, ...
BoE keeps interest rates on hold and halts QE
by Kay Murchie
BoE expected to leave interest rates on hold and halt QE
by Kay Murchie
February 2, 2010
The Reserve Bank of Australia (RBA) has stunned the markets by electing to keep interest rates on hold at 3.75%.
The RBA has increased interest rates three times since October and many analysts said interest rates could hit 4.25% in the short-term.
Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the world.
The economy ...
Australia surprises with interest rate freeze
by Kay Murchie
January 14, 2010
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the eighth consecutive month, as widely expected.
Interest rates are expected to remain on hold for the long-term as a result of uneven growth and low inflation.
The euro zone as a whole emerged from recession in the third quarter after ...
Euro zone interest rates on hold at 1%
by Kay Murchie
January 7, 2010
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the record low of 0.5% - a level which has been in force since March 2009.
Furthermore there are no changes to its quantitative easing (QE) programme. In November, the Bank announced that it would pump another £25 billion into the economy under ...
UK interest rates unchanged at 0.5%
by Kay Murchie
December 17, 2009
The Federal Reserve yesterday opted to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected.
The Fed acknowledged that the economy is strengthening and said it will keep rates “exceptionally low” for “an extended period”.
Evidence that a recovery is on track came yesterday after official data revealed that US inflation remains ...
Fed keeps interest rates at record low level
by Kay Murchie
December 3, 2009
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the seventh consecutive month, as widely expected.
ECB president, Jean-Claude Trichet, told reporters at a news conference that the euro zone economy is expected to grow at a moderate pace in 2010.
He also added that some of the ECB's liquidity ...
Euro zone interest rates on hold at 1%
by Kay Murchie
November 20, 2009
Naoto Kan, Japan's deputy prime minister, has today acknowledged that deflation has returned to the world’s no.2 economy for the first time since 2006.
The Cabinet Office said in a statement that "Japan is in a mild deflationary situation".
A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters ...
Deflation returns to world’s second largest economy
by Kay Murchie
October 8, 2009
The European Central Bank (ECB) has today elected to keep interest rates for the euro zone on hold at the record low of 1%, as widely expected.
The move comes as policymakers are uncertain about recovery within the region after official figures earlier this week revealed that the economy contracted by 0.2% in the April to June period - revised ...
Euro zone interest rates unchanged as widely expected
by Kay Murchie
UK interest rates unchanged for seventh consecutive month
by Kay Murchie
September 17, 2009
The Bank of Japan (BOJ) has elected to keep interest rates on hold at 0.1% and said it’s possible that a stronger yen will support the economy in the long-term.
Since June, the yen has climbed 6.7% against the dollar.
Following the two day policy meeting, the central bank also upgraded its assessment of the economy with renewed optimism.
The economy, which is the ...
BoJ keeps interest rates on hold
by Kay Murchie
September 10, 2009
The Bank of England’s Monetary Policy Committee has today elected to keep UK interest rates on hold at the record low of 0.5% for the sixth month in a row.
The move was widely expected after a raft of positive economic news this week, suggesting that the UK is beginning to emerge from recession.
Meanwhile, the Bank also said it ...
UK interest rates unchanged for sixth consecutive month
by Kay Murchie
Interest rates expected to remain on hold
by Kay Murchie
