Archive for December, 2005
US loans rate rises 0.25 to 4.25 per cent – its 13th consecutive rise
The dollar weakened against other leading currencies after investors took changes in the Federal Reserve’s policy statement as a sign the central bank had reached the beginning of the end of its interest rate rises. Attention however was focused on the accompanying statement where the central bank made significant adjustments to its language. Gone was [...]
December 14, 2005
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ECB raises loans rates as expected
As expected the ECB raised interest rates by a quarter of a per cent to 2.25 per cent. Jean-Claude Trichet said the rise in the main interest rate was a response to inflationary pressures and would adjust the bank’s “accommodative monetary policy stance”. He insisted the rate rise was agreed unanimously by the 18-strong governing [...]
December 2, 2005
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