- Infowars - http://www.infowars.com -

European Central Bank Keeps Rates at Record

Posted By aaron On November 4, 2010 @ 1:27 pm In Old Infowars Posts Style,World News | Comments Disabled

JULIA WERDIGIER
New York Times
Nov 4, 2010

LONDON — The Bank of England and the European Central Bank left their key interest rates at record lows Thursday after recent data showed that the economic recovery was showing some resilience.

  • A d v e r t i s e m e n t
  • {openx:49}

A day after the U.S. Federal Reserve moved to pump another $600 billion into the banking system to strengthen the U.S. economy, the Bank of England decided against any new stimulus measures for Britain, leaving its bond purchasing program at £200 billion, or $322 billion. The main interest rate remains atf 0.5 percent.

At its meeting, the European Central Bank left its benchmark interest rate at 1 percent. Investor attention was focused instead on anything that E.C.B. President Jean-Claude Trichet might say later in the day about the bank’s plans to tighten monetary policy — even as the Fed moves in the other direction.

Fresh food that lasts from eFoodsDirect (AD)

The Bank of England had considered expanding purchases of government debt, so-called quantitative easing, last month, but positive economic data released since then alleviated pressure for it to act.

Full article here


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/european-central-bank-keeps-rates-at-record/

Copyright © 2013 Infowars. All rights reserved.