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BoE keeps rates at record low of 0.5%

Bank of England left interest rates on hold and warned that rising uncertainty over Brexit could hit the economy. The BoE’s monetary policy committee voted unanimously to leave borrowing costs at their current record low of 0.5%, extending a run dating back to March 2009. Policymakers also voted 9-0 to leave the Bank’s quantitative easing program unchanged at £375 billion.
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Fed leaves interest rates unchanged

The Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation. In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation.

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RBA says it has room for further rate cut

The Reserve Bank has put a positive spin on the local jobs outlook, but says another rate cut could be on the cards because of weak inflation. Economists are divided about whether the central bank will lower its cash rate from a record low 2.0 per cent, with some tipping two cuts in 2016 while others expect the RBA to sit tight for the rest of the year.
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ECB cut interest rates, but sees no need for further cut

The ECB said it was lowering its benchmark interest rate to a record-low 0.0% from 0.05%, surprising market players who were expecting no change. The central bank also cut its deposit facility rate to -0.4% from -0.3%, in line with market expectations. Meanwhile, the central bank reduced its marginal lending rate to 0.35% from 0.30%. 
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