Posts Tagged ‘Interest Rates’
Chinese inflation rises for fourth consecutive month
Official data today revealed Chinese consumer prices reached a 16-month high last month – the fourth straight monthly rise.
The National Bureau of Statistics said consumer price inflation rose to 2.7% in February compared with a year earlier and up from 1.5% in January.
Analysts had expected a rate of 2.3%.
As a result, some economists believe the [...]
Euro zone interest rates on hold at 1%
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the tenth 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.
ECB President, Jean-Claude Trichet, said: “Overall, the governing council [...]
BoE keeps interest rates and QE 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% for the 12th consecutive month.
In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to stimulate growth [...]
BoE expected to keep interest rates on hold
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month.
In addition, the Bank is expected not to inject any more money into the economy through its quantitative easing (QE) scheme.
Last month, the Bank announced it [...]
UK service sector recovers after snowy January
The UK’s closely-watched service sector recovered in February after experiencing a dip in January as a result of bad weather disrupting services, as well as the VAT rise.
The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 58.4 in February, up from 54.5 in January.
Any reading above [...]