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Interest rates at record lows

Business | Macro-economy and policy
2009-11-6

THE European Central Bank and the Bank of England kept interest rates at record lows yesterday as their economies struggle to emerge from recession. The British central bank decided on an extra boost by adding...

Rate Stays At 1%

Business | Macro-economy and policy
2009-9-4

THE European Central Bank left its benchmark interest rate unchanged at 1 percent yesterday. The bank's key refinancing rate has been at a record low since May as the bank moved to get cash flowing among banks to...

ECB Keeps Interest Rates At Record Low

Business | Macro-economy and policy
2009-8-7

THE European Central Bank kept interest rates on hold at a record low yesterday as it waits to see the impact of efforts so far to revive the economy and credit flows. All 75 economists in a Reuters poll last week...

ECB rate stays at historic low of 1%

Business | Macro-economy and policy
2009-6-5

THE European Central Bank kept its main interest rate unchanged at a historic low of 1 percent yesterday amid a deeper-than-anticipated recession. The ECB's decision to keep the refinancing rate on hold for the...

ECB cuts interest rate to 1%

Business | Macro-economy and policy
2009-5-8

THE European Central Bank cut its main interest rate by a quarter point to 1 percent yesterday and is poised to unveil more measures to help boost the 16-nation eurozone economy. The ECB also cut its interest rate...

ECB hints record-low rates could be slashed

Business | Macro-economy and policy
2009-4-3

THE European Central Bank could further reduce its record-low interest rates, President Jean-Claude Trichet told reporters yesterday, after the benchmark figure was cut by a quarter of a percentage point to 1.25 percent. ...

German investor mood in surprise gain

Business | Macro-economy and policy
2009-3-18

GERMAN investor confidence unexpectedly rose to the highest level in almost two years in March after the European Central Bank reduced borrowing costs to a record low. The ZEW Center for European Economic Research...

Overnight reserves growing

Business | Banking
2009-3-7

COMMERCIAL banks' overnight deposits at the European Central Bank inched further above the 100 billion euros mark, as commercial banks continued to hoard cash at the central bank. The ECB said banks deposited...

ECB Moves To Stem Recession

Business | Macro-economy and policy
2009-3-6

THE European Central Bank cut interest rates to a record low in an attempt to stem the worst recession since World War II. Officials in Frankfurt reduced the benchmark lending rate by half a percentage point to...

European confidence hits low

Business | Macro-economy and policy
2009-2-27

EUROPEAN confidence in the economic outlook dropped to the lowest on record this month, making action from the European Central Bank more urgent as the recession deepens. An index of executive and consumer sentiment...