Tag Archives: rates

Fed set to raise interest rates, give more detail on balance sheet winddown

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m EDT (1800 GMT)… 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 »

No rush to raise interest rates, says Fed official

There is no rush to raise interest rates, a Federal Reserve board member has said a week before the US central bank announces its latest decision. Economic weakness “counsels prudence”, said Lael Brainard, a member of the Fed’s Open Market Committee, which decides interest rates. Her comments come after several Fed officials recently suggested a rate rise this… Read More »