Tag Archives: 0.25%

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases… Read More »

UK interest rates left unchanged at 0.25%

The Bank of England has left its main interest rate at 0.25% but says another cut is still a possibility. The decision of the Monetary Policy Committee (MPC) to leave rates at their new, historically low, level was no surprise. Last month the Bank halved its bank rate from 0.5% as it tried to ensure the stability of… Read More »