BoE keeps monetary policy unchanged as unemployment declines

Note: This section contains information in English only.
Source: Bloomberg
On Thursday, the Bank of England decided to keep the monetary policy in the country unchanged, despite a significant decrease in unemployment during last months, which fell close to the key level of 7%. The BoE kept the benchmark interest rate at 0.5% today, while bond purchases remained at 375 billion pounds. Probably, the BoE will wait for a more considerable fall in jobless rate.
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Thu, 06 Feb 2014 14:07:04 GMT

ECB monetary policy to remain unchanged despite fall in inflation

The Governing Council of the ECB decided to maintain the current monetary policy and implement no changes, despite the fact the inflation level decreased significantly during several previous months. The benchmark refinancing rate was kept at 0.25%, while the deposit rate was unchanged at 0%. Therefore, the results matched the majority of economists' expectations.

Thu, 06 Feb 2014 13:45:03 GMT

Sterling reaches lowest level in three weeks against Euro

The British currency reached the lowest level in three weeks versus the 18-nation currency ahead of Bank of England interest-rate decision on bets that officials will leave borrowing costs low. The Sterling slid 0.1% to 83.03 pence per Euro as of 11:07 a.m. in London, after falling to 83.34 on Wednesday. The Pound slipped 0.1% to $1.6294 after declining to

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