All Entries Tagged With: "European Central Bank"
European Central Bank cuts interest: Euro Rate now 1.5%
The European Central Bank has today announced a cut in their interest rate, the Euro rate now stands at 1.5%. The Central Bank has predicted that this is the worst economic recession for Europe in 50 years. It seems that drastic times calls for drastic measures, but not as drastic as the one taken by [...]
Pound and Euro fall hard: likely to continue
As the currencies take a battering, the pound dropped to the lowest since September 2003 at $1.6203 and traded at $1.6325 from $1.6706, this was its third day loss against the Euro to 78.75p from 78.17p
For the first time since November 2006, the euro dropped below $1.28. The pound and euro taking a battering due [...]
European Central Bank’s interest rate raised to 4.25 percent
On Thursday the European Central Bank raised its benchmark interest rate to 4.25 percent in an attempt to fight inflation, this was a one-quarter of a percentage point increase.
The interest rate decision was made yesterday after the ECB promised in June that it would try and curb fuel and food prices, this was short of [...]