BoE holds key rate unchanged

Note: This section contains information in English only.
Source: Businessweek.com
The Bank of England kept the base rate of interest at the record low of 0.25% for the 44th consecutive month and decided to hold off any further economy-boosting measures. Economists had widely forecast such outcome.

Analysts expect no further quantitative easing until November, when the latest investment of 50 billion Pounds is used up. The total commitment in bond-purchasing is currently 375 billion Pounds.

BoE governor Mervyn King mentioned that there were "a few signs" of improvement in U.K.'s economy, meanwhile, official data posted an upward revision of GDP, with a lower-than-expected slip of 0.4%.
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Thu, 04 Oct 2012 12:23:48 GMT

ECB keeps bid rate unchanged at 0.75%

The ECB Governing Council held its minimum bid rate stable at 0.75% for the third consecutive month during a monthly meeting on Thursday. Markets posted only a 3% probability of a rate decrease today. For now the 0.75% bid is the rate at which refinancing agreements are established for all participants.During the meeting the Council also decided to leave its

Thu, 04 Oct 2012 14:44:49 GMT

World food prices advance in September

The worldwide food price index surged in September after two months of stagnation, the Food and Agriculture Organization reported on Thursday. The index added 1.4% on month to 216, compared to 213 in August. Meanwhile, FAO cut its expectations of cereal output in 2012 to 2,286 million tones, 2.6% down from the preceding year's record harvest, compared to previous forecast

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