Europe's rates may ease as growth outlook dims

Article Abstract:

The European Central Bank has maintained its key rate at 4% but officials acknowledge that interest-rate cuts are a possibility in the near future. The bank also implemented two injections, each for $87.74 bil, into three-month money market funds. The Bank of England, however, reduced its interest rate by one-quarter percentage point, bringing it to 5.25%.

Analysis, Economic indicators, United Kingdom. Bank of England

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Euro surges to a new record on dollar

Article Abstract:

The euro reached $1.5366, while the US dollar dropped to 1.0253 Swiss francs. The dollar rose however to 104 yen. The pound rose to $2.0083. The European Central Bank held its key interest rate at 4%.

United States, Capital funds & cash flow, Euro (Currency), Pound (United Kingdom), Dollar (United States), Valuation, Euro currency transition, Statistical data

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