The European Central Bank left its key interest rates unchanged on Thursday, following the lead of the Federal Reserve and the Bank of England. The ECB left its main refinancing rate at 4.5% and its deposit rate at 4%. Earlier in the day, Bank of England policymakers left their key interest rate at 5.25% in … [Read more…]
22 minutes ago Norway’s central bank raises interest rates by 25 basis points Norway’s central bank said on Thursday it had raised its interest rates by 25 basis points, setting the key interest rate at 4.5%. Norges Bank Governor Ida Wolden Bache said in a statement that inflation remains too high despite the economic slowdown, … [Read more…]
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The European Central Bank will not start cutting interest rates at least “in the next few quarters,” said its President Christine Lagarde. Lagarde told the Financial Times’ Global Boardroom conference on Friday that inflation in the … [Read more…]