Tag Archive: interest rates
ECB keeps rates unchanged and unveils OMT plan
The Governing Council of the European Central Bank (ECB) has decided to leave the single currency’s interest rate at its record low of 0.75%. The decision follows that of the Bank of England to keep the British rate unchanged at … Read more
Australia leave rates on 3.5%
The Reserve Bank of Australia has decided to leave the nation’s interest rate unchanged from 3.5%. Governor Glenn Stevens said in a statement that the global economy would grow by no more than average in 2012, and that growth in … Read more
MPC keeps UK rates at 0.5%
The Monetary Policy Committee (MPC) of the Bank of England announced today that it is keeping the United Kingdom’s interest rate unchanged from its record low of 0.5%. The MPC has also decided to leave unchanged the scale of the … Read more
Japanese rates remain unchanged
The Policy Board of the Bank of Japan has announced that it is leaving the nation’s rate of interest unchanged, at between 0% and 0.1%. In a statement the Bank observed that there was still some nervousness in the global … Read more
Australia keeps interest rates unchanged
The Reserve Bank of Australia has announced that it is leaving interest rates unchanged at 3.5%. In a statement Governor Glenn Stevens said that growth in the global economy had softened, following a more promising start to the year. Declining … Read more
ECB keeps rates at 0.75%
The Governing Council of the European Central Bank (ECB) has announced today that it is not changing the eurozone’s interest rate from its record low of 0.75%. The decision comes on the same day as the Bank of England elected … Read more
Bank of England keeps rates and QE unchanged
The Monetary Policy Committee (MPC) of the Bank of England has today announced that the United Kingdom’s interest rate is to remain unchanged from the record low of 0.5%. The MPC also elected to leave unchanged the scale of the … Read more
New Zealand leaves OCR unchanged
The Reserve Bank of New Zealand has announced that it is leaving the nation’s official cash rate (OCR) unchanged at 2.5%. Governor Alan Bollard said that New Zealand’s trading partner outlook remained poor, adding that there was a limited risk … Read more
No interest rate change in Japan
The Policy Board of the Bank of Japan has decided to leave the nation’s interest unchanged at between 0% and 0.1%. The Bank of Japan stated in a press release that overseas economies had seen some moderate improvement, but that … Read more
ECB cuts eurozone rate by 25 basis points
The Governing Council of the European Central Bank (ECB) has today announced that it is cutting the interest rate in the eurozone area from 1% to a record low of 0.75%. The cut of 25 basis points is the first … Read more
Bank of England increases QE by £50bn
The Bank of England’s Monetary Policy Committee (MPC) has today increased the scale of the quantitative easing (QE) asset purchase programme by £50bn to £375bn. The MPC also elected to leave unchanged the UK’s interest rate at the historic low … Read more
Co-operative Bank increases savings rates
The Co-operative Bank has announced an increase in the interest rate across its range of fixed term deposits. The bank’s 3 Year Fixed Term Deposit interest rate rises from 3.75% to 4%, with the 2 Year Fixed Term Deposit up … Read more
Japan keeps rates steady
The Policy Board of the Bank of Japan has announced that it has decided to leave the country’s interest rate unchanged, at between 0% and 0.1%. The decision, which was made unanimously, comes as the bank has indicated it will … Read more
New Zealand keeps rates at 2.5%
The Reserve Bank of New Zealand has decided to retain the country’s Official Cash Rate (OCR) at 2.5%. Governor Alan Bollard said that New Zealand’s economic outlook had declined slightly since the March Monetary Policy Statement. Governor Bollard referred to … Read more
Bank of England leaves interest rate and QE unchanged
The Monetary Policy Committee (MPC) of the Bank of England has announced that the United Kingdom’s interest rate has remained unchanged at the record low of 0.5%. In addition, the MPC has chosen not to increase the scale of the … Read more
Eurozone interest rate remains at 1%
The Governing Council of the European Central Bank has announced that the eurozone’s interest rate is to remain unchanged at 1%. The eurozone sovereign debt crisis has become a more pressing matter following the inconclusive Greek election, which prompted a … Read more
Australia cuts rates to 3.5%
The Reserve Bank of Australia has announced that it is cutting the nation’s interest rate by 25 basis points to 3.5%. The cut was made on the basis of modest domestic growth and increasing uncertainty internationally. In a statement, Governor … Read more
MPC member makes case for monetary expansion
There is a case for further monetary expansion, according to David Miles, external member of the Bank of England’s Monetary Policy Committee (MPC). Miles, who made the statement in a speech to the Society of Business Economists Annual Conference, believes … Read more
Bank of Japan keeps rates unchanged
The Policy Board of the Bank of Japan has announced that it has decided to keep the nation’s interest rate unchanged at between 0% and 0.1%. The Bank of Japan has said that whilst there has been some improvement in … Read more
Bank of England keeps QE and rates unchanged
The Monetary Policy Committee (MPC) of the Bank of England has decided to leave the UK’s interest rate unchanged at the record low of 0.5%. The MPC has also chosen not to enlarge the quantitative easing (QE) asset purchase scheme … Read more