- Thursday, 15 June 2017
- News
BoE left interest rates unchanged
The Bank of England shocked financial markets on Thursday when it said three of its policymakers voted for an interest rate hike, the closest it has come to raising rates since 2007, despite signs of a slowdown in Britain's economy. The unexpectedly tight 5-3 vote adds questions over monetary policy to uncertainty over Britain's political outlook since Prime Minister Theresa May failed to win a parliamentary majority in an election last week.
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- Thursday, 08 June 2017
- News
ECB left interest rates unchanged
At today’s meeting, which was held in Tallinn, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.
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- Tuesday, 06 June 2017
- News
RBA left interest rates unchanged
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
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- Thursday, 11 May 2017
- News
Bank of England cuts UK growth forecast, rates unchanged
The Bank of England has trimmed its UK growth forecast for 2017 this year, saying that household spending is slowing more quickly than expected. It said consumers were being squeezed between sluggish income growth and rising inflation, and that could be seen in weak retail sales and a sharp fall in new car registrations in April. The Bank trimmed its growth forecast to 1.9% from its previous estimate of 2.0% made in February. It also held interest rates at 0.25%.
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