Archive for April, 2005
Treasuries rally as Fed is less hawkish than feared
Prices of US’s Treasury bonds rallied in late trade on Tuesday as investors breathed a sigh of relief over signs that the Federal Reserve was not yet ready to accelerate the speed of its interest rate rises.Minutes released yesterday afternoon from the central bank’s last policy-setting meeting in March revealed growing concerns over inflation but [...]
April 13, 2005
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ECB holds rates at 2% as euro gloom deepens
The European Central Bank held its main refinancing rate at 2 per cent for the 22nd straight month on Thursday.The move was widely expected given the deterioration in eurozone economic data since the March meeting. All 30 economists polled by AFX News and Agence France-Presse had forecast the ECB would remain on hold, with only [...]
April 11, 2005
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BoE keeps interest rates at 4.75%
The Bank of England’s Monetary Policy Committee today voted to maintain the Bank’s repo rate at 4.75%.The minutes of the meeting will be published at 9.30am on Wednesday 20 April.The most recent change in interest rates was an increase of 0.25 percentage points to 4.75% on 5 August 2004.In line with the Committee’s announcement last [...]
April 7, 2005
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Australian rates decision surprises markets
The Australian dollar softened as the Reserve Bank of Australia surprised the market by opting to leave interest rates on hold at 5.5 per cent. Some 18 of 23 economists polled by Bloomberg had expected a further 25-basis point hike. “The RBA seems to be implicitly recognising the risk of a repeat of the drop [...]
April 6, 2005
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