BoE policy makers remain benchmark interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
Policy makers of the U.K. central bank kept the official interest rate at its lowest level as the monetary easing program showed success accelerating the demand in the Q4. The Monetary Policy Committee led by Governor Mervyn King decided to remain the key interest rate at 0.5% with the possibility of another easing program. The ECB is keeping the benchmark rate at 0.75%.

"Most members of the committee are probably pretty happy to keep things as they are and see how the FLS evolves and how the economy picks up," said Vicky Redwood, an economist at Capital Economics Ltd. in London and a former central bank official. "There's a possibility of more QE. If in a few months' time it looks like output is stagnating, growth concerns will come to the fore." 
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Thu, 10 Jan 2013 17:24:06 GMT

ECB holds its interest rate at 0.75%

The European Central Bank remained its key interest rate unchanged at a record low on Thursday, when refrained its initial decision to cut the rate, as the Eurozone economy is showing signs of recovery and as inflation is still above the ECB's target. Mario Draghi's decision had an impact on the 17-nation currency, when it appreciated to $1.3115 on Thursday

Thu, 10 Jan 2013 09:25:05 GMT

Japan to unveil fresh stimulus

The Bank of Japan will consider easing its monetary policy again in January, to boost growth in the struggling economy.

Thu, 10 Jan 2013 09:12:11 GMT

Switzerland to boost tourism

Swiss government to increase its investment in tourism, as country's natural beauty is no longer enough to draw tourists. In 2012, the annual budget for Switzerland Tourism, which is the national marketing organization, was 99.4 million Swiss francs ($108 million), while it is planned to enhance this figure in 2013.

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