The apex bank cut its benchmark interest rate
to a record low on Thursday to stimulate the economy.
Meanwhile, the Bank of England is widely expected to hold the benchmark interest rate
steady at the record-low of 0.
It said that the policy decision on raising the benchmark interest rate
was made on the expectation that the consumer price inflation would remain high, according to a statement from the bank.
My picks: Short EUR/GBP Expertise: Global Macro Average Time Frame of Trades: 1 weekThis Thursday, the European Central Bank cut its benchmark interest rate
by 25 bps to 1 percent.
The apex bank said that it held the benchmark interest rate
at 4 percent on Thursday.
9055, the 50-Day SMA, last week, the surge on Friday triggered my trade, and I will remain short the pair as the European Central Bank is widely expected to lower the benchmark interest rate
further next month.
Germany has warned of the pitfalls of low interest rates, a week after the European Central Bank cut its benchmark interest rate
In fact, the Bank of England has been very proactive than the ECB cutting its benchmark interest rate
to the lowest level in the bank's more than 300 years of history.
Summary: The Bank of England held the benchmark interest rate
at the record low of 0.
The Bank of Thailand decided to leave its benchmark interest rate
unchanged for the second straight meeting, even as increasing household debt and capital outflows contributed to limiting the scope for monetary easing to revive an economy that is in recession.
Summary: The European Central Bank lowered the benchmark interest rate
by 25bp to a record-low of 1.
The Banco de Mexico left its benchmark interest rate
at 4 percent, in line with the expectations of analysts in a Reuters poll.