Interest Rates — News Archive

Pound Drops on Easing Speculations, BoE Keeps Policy Unchanged

The Great Britain pound fluctuated against the US dollar and slumped versus the euro today on speculations that the UK central bank will boosts its asset purchase program. The bank left the program and its main interest rates unchanged today.

Euro Jumps as ECB Sees Stabilization

The euro climbed today, erasing its yesterday’s losses versus the US dollar and the Japanese yen, after the European Central Bank left the main interest rate unchanged and ECB President said he sees signs that the European economy is stabilizing.

Shekel Rebounds as Central Bank Holds Interest Rates

The Israeli new shekel rebounded today after earlier drop versus the US dollar as the nation’s central bank maintained its key interest rate and predicted that the country’s economy will expand next year.

Bank Rossii Lowers Main Interest Rate as Inflation Slows

The Bank Rossii (Russia’s central bank) unexpectedly lowered its main interest rate today on the concerns that the inflation decelerates. The Russian ruble is still up against the US dollar despite the news.

Swedish Krona Goes Up to Weekly Record

The Swedish krona climbed today to the highest price in a week on the speculation that the Sweden central bank will leave the interest rates unchanged in the first month of the new year after lowering them this month.

Chile’s Peso Goes Higher After Central Bank Maintains Key Interest Rate

The Chilean peso rose today before returning to the opening price after Chile’s central bank kept the main interest rate unchanged for the sixth time, but analysts speculate that the adverse economic conditions still may spur the bank to lower the rates.

Korea’s Won Weakens After BoK Keeps Rates Unchanged

The South Korean won declined today on the renewed fears of the European sovereign-debt crisis, while the Bank of Korea refrained from increasing its interest rates.

Polish Central Bank Keeps Rates High to Support Zloty

Poland’s central bank maintained its key interest rate at the highest level in almost three years as the nation’s currency declined after the European debt crisis deterred investors from buying riskier currencies of emerging markets.

Loonie Climbs After BoC Policy Decision

The Canadian dollar jumped after the Bank of Canada left the main interest rate unchanged. The positive fundamentals may spur the Canadian currency even further to the upside.

Aussie Drops as RBA Reduces Main Interest Rate

The Australian dollar weakened today after the Reserve Bank of Australia cut its key interest rate as the unfavorable developments in the global economy justified easing of the monetary policy.

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