Tag: on hold

Euro zone interest rates remain on hold

Euro zone interest rates remain on hold

The European Central Bank (ECB) has today opted to leave interest rates unchanged at 1.5% - for the second consecutive month. Rates were lifted from the historic low of 1% in April and then raised further to 1.25% in July in a bid to curb rising inflation. Many major economies are battling with higher inflation, [...]

September 8, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

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%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

September 8, 2011 | 0 Comments More
UK interest rates expected to remain on hold

UK interest rates expected to remain on hold

The Bank of England’s Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% – where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat [...]

September 8, 2011 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), elected to keep interest rates on hold between 0% and 0.25% yesterday. Rates have been at the record low since December 2008 and the Fed has announced it will hold rates at this historic low until 2013 – suggesting the central bank is concerned [...]

August 10, 2011 | 0 Comments More
UK interest rates to remain on hold today

UK interest rates to remain on hold today

The Bank of England’s Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% – where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat [...]

August 4, 2011 | 0 Comments More
Bank of Japan lowers economic growth forecasts

Bank of Japan lowers economic growth forecasts

The Bank of Japan (BOJ) has today revised its growth forecast for the economy following the earthquake and tsunami which struck in March. The twin disasters forced the country back into a recession after industrial output suffered a record drop and spending dived as consumer and business confidence took a battering. The Japanese economy, which [...]

July 12, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

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%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

July 7, 2011 | 0 Comments More
UK interest rates to remain on hold today

UK interest rates to remain on hold today

The Bank of England’s Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% - where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat [...]

July 7, 2011 | 0 Comments More
Australia leaves interest rates on hold

Australia leaves interest rates on hold

The Reserve Bank of Australia (RBA) has today elected to keep interest rates on hold at 4.75% – for the seventh time since November. The move, which was widely expected, comes as the economy slows and pressures mount over inflation. Australia was the first economy to raise rates from a 50-year low as the economic [...]

July 5, 2011 | 0 Comments More
Australian retail sales in surprise fall in May

Australian retail sales in surprise fall in May

Australia’s Bureau of Statistics today revealed retail sales showed a surprise fall in May sending the dollar and shares down after the announcement. Sales suffered the largest fall in seven months, declining by 0.6% on a monthly basis, confounding analysts’ expectations of a 0.3% rise. According to analysts, today’s figures will lead the Reserve Bank [...]

July 4, 2011 | 0 Comments More
US Fed keeps interest rate at record low

US Fed keeps interest rate at record low

The Federal Reserve yesterday opted to keep interest rates at the record low of between 0% and 0.25% and hinted that they will stay this way for the medium-term. US interest rates have now been at this rate since December 2008 in an effort to stimulate economic growth. The US central bank also lowered its [...]

June 23, 2011 | 0 Comments More
ECB keeps interest rates on hold

ECB keeps interest rates on hold

The European Central Bank (ECB) has today elected to keep interest rates on hold at 1.25% but hinted that rates may rise again next month. In April, the ECB lifted rates from 1% to 1.25% in a bid to tame rising inflation in the 17-member euro zone – it was the first time in almost [...]

June 9, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

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%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

June 9, 2011 | 0 Comments More
South Korea holds interest rates despite rising inflation

South Korea holds interest rates despite rising inflation

South Korea’s central bank has today elected to hold interest rates for the second consecutive month despite rising inflation. The move surprised analysts who had forecast a 0.25% rise. The latest figures from Statistics Korea showed the consumer price index hit 4.2% in April on an annual basis. The rate is higher than the central [...]

May 13, 2011 | 0 Comments More
Bank of Japan leaves interest rates on hold

Bank of Japan leaves interest rates on hold

As widely expected, the Bank of Japan (BoJ) has today left interest rates in the range of zero to 0.1%, in a bid to boost the economy following the twin disasters which hit the north-east part of the country last month. The country is battling to restore calm after an 8.9 magnitude earthquake and tsunami [...]

April 28, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

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%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures showed the economy [...]

April 7, 2011 | 0 Comments More
EEF urges Bank to keep interest rates on hold

EEF urges Bank to keep interest rates on hold

The Engineering Employers’ Federation (EEF) is urging the Bank of England’s Monetary Policy Committee (MPC) to keep interest rates on hold when it meets later this week. The manufacturers’ trade body believes the economy is too fragile and the MPC should delay interest rate hikes until later in the year when the recovery is secure. [...]

April 4, 2011 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), elected to keep interest rates on hold between 0% and 0.25% yesterday – a move which was widely expected. Interest rates have been held at this historic low for two years. In a statement, the central bank said that the economic recovery is on [...]

March 16, 2011 | 0 Comments More
UK interest rates and QE remain on hold

UK interest rates and QE remain on hold

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%, as widely expected. Interest rates have now been at this low level since March 2009 - when the economy was in the midst of recession. Recent figures showed the economy [...]

March 10, 2011 | 0 Comments More
ECB holds rates despite higher inflation

ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 21st consecutive month. The move came despite inflation exceeding the Bank’s target. Inflation in the 17-member euro zone rose to 2.4% in January - above the ECB’s target of just below 2%. The bank [...]

March 3, 2011 | 0 Comments More