Europe and England Keep Interest Rates Level

Filed under: International Markets, Currency

As expected, there was no change Thursday in the monetary policy of two, major central banks. The European Central Bank kept is benchmark rate at a record low 1.0%, and the Bank of England kept it is rate at 0.50%.



In its statement, the ECB said it continues to see growth and inflation risks balanced. Meanwhile, in addition to maintaining its 0.50% rate, the BOE, as expected, also kept its asset purchasing plan at 200 billion pounds or $304 billion.

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Europe and England Keep Interest Rates Level originally appeared on BloggingStocks on Thu, 08 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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