| BoE holds key rate; to pump in extra 25 bn pounds | 05-NOV-09 |
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| Continuing with its soft monetary stance, Bank of England (BoE) today retained the benchmark interest rate at 0.50 per cent for the eight straight month and will inject another 25 billion pounds to boost the economy. |
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| ECB keeps key rate unchanged at 1% | 06-AUG-09 |
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| The European Central Bank (ECB) today retained its key rate at 1 per cent, amid the constituent countries continuing to grapple with the economic turmoil. |
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| QE or not QE? | 27-JUL-09 |
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| UK QE: The Bank of England faces a dilemma over quantitative easing. Andrew Sentance, one member of the monetary policy committee, has been criticised for suggesting the programme of printing new money to buy government bonds may be put on hold. That certainly won’t help the government sell gilts. But that’s hardly the BoE’s job. As for QE itself, it doesn’t seem to be working. Sentance’s comments may have helped spark a rise in bond yields yesterday. The 10-year gilt is now brushing 4 per cent again. But what else does the government expect? Its loose fiscal policy has led to an avalanche of bond issuance. The BoE should not be expected to bail it out. And any sign that the BOE was deliberately attempting to help the government fund itself would terrify investors and cause the pound to plummet and inflation to soar. |
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| A new financial order? | 30-JUN-09 |
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| The Obama administration’s financial White Paper and Mervyn King’s Mansion House speech provide some insight on the possible lineaments of a new financial system in the two major Anglo-Saxon economies. Their common feature is that central banks are likely to be given the power to monitor and ensure the stability of their financial systems, in addition to their traditional role of maintaining monetary stability. |
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| ECB, BoE keep benchmark rates unchanged | 04-JUN-09 |
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| Amid hopes of an early economic turnaround, the European Central Bank (ECB) and the Bank of England (BoE) today left the key rates unchanged even as unemployment continues to rise in the region. |
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| Dollar Libor drops as central banks offer cash | 16-OCT-08 |
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| Three-month rate for dollars has risen about 3 bps since Oct 8.
Dollar money-market rates fell after the European Central Bank, Bank of England and Swiss National Bank offered lenders unlimited US |
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| Emerging market stocks advance | 14-OCT-08 |
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| Most emerging market stocks rose after their worst week in at least a decade as world leaders pledged unprecedented support to help financial institutions weather the banking crisis. |
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| Benchmark rates cut in concerted move | 09-OCT-08 |
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| The Federal Reserve, European Central Bank (ECB) and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis |
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| Money-market rates climb to records | 04-OCT-08 |
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| Money-market rates jumped to records and the Bank of England (BOE) relaxed borrowing rules for financial institutions as : “extraordinary” strains deepened the credit freeze. |
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