The bank cut its benchmark rate to 0.75 percent from 1 percent, perhaps its most aggressive move yet to unblock the flow of credit and prevent further decline of the euro zone crisis.
Central Bank In Europe Drops Lending Rates To Record Low
By MELISSA EDDY and JACK EWING, New York Times
Thu, 07/05/2012 - 7:04am
BING NEWS:
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Will the RBA hike Australian interest rates? Unexpectedly high inflation in the March quarter has the market discounting cuts and talking up the possibility of another hike. The RBA’s cash rate sits ...
05/1/2024 - 10:00 am | View Link - Bank of England policymakers split on when to cut rates
Bank of England Governor Andrew Bailey has said inflation is moving in the right direction but some of his fellow interest rate-setters have sent different messages on how quickly the BoE should move ...
05/1/2024 - 2:59 am | View Link - FTSE 100 Live 30 April: Index dips into red after hitting intraday high, US stocks down
In the first quarter of the year HSBC made profit of $12.7 billion. That is down 1.8%, but better than City analysts had expected. It will buy back another $3 billion of shares.HSBC shares rose 1p to ...
04/30/2024 - 7:10 pm | View Link - European Stocks Steady as Philips Soars, Deutsche Bank Drops
European stocks were steady as traders processed the latest corporate updates and looked forward to this week’s Federal Reserve interest-rate decision and other key US data. Royal Philips NV soared by ...
04/28/2024 - 8:32 pm | View Link - Russian central bank warns of slower drop in inflation as it holds rates at 16%
The Bank of Russia had raised rates by 850 basis points in the second half of 2023 ... revision to its average key policy rate forecast," said Nicholas Far, Emerging Europe Economist at Capital ...
04/26/2024 - 2:11 am | View Link - More
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