Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come.
Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is more [...]
After a two-day policy board meeting, the Bank of Japan (BoJ) has elected to keep interest rates at 0.1%, as widely expected.
Interest rates in the world’s second largest economy have been at the low level since December 2008 in a bid to fight off deflation.
Deflation (where prices fall rather than increase) can be a serious [...]
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the 14th 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.
The news comes after the Bank of England elected [...]
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month, as widely expected.
Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to [...]
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month.
Furthermore, all members of the MPC are expected to keep the quantitative easing programme (QE) on hold.
QE, also known as printing money, is a process [...]
The Federal Reserve has this week elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected.
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 [...]