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Inflation Falls in Europe; Big Rate Cut Seems Likely

Nov. 28, 2008
The European Central Bank is expected to make its largest-ever interest rate cut next week.
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Two European banks cut interest rates

LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.

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LONDON, Nov. 18 (UPI) -- Inflation in Britain fell in October by the biggest margin since 1997, possibly signaling a central bank lending rate cut in December, an economist said.

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SEOUL, July 10 (UPI) -- South Korea's central bank, faced with rising inflation and a slowing economy, Thursday left its key interest rate unchanged at 5 percent.

Lending rate unchanged at ECB

FRANKFURT, Germany, March 6 (UPI) -- The European Central Bank left its key interest rate unchanged at 4 percent, the bank announced Thursday.

Inflation rising in European Union

LONDON, Jan. 5 (UPI) -- Financial analysts say the European Central Bank is walking a fine line between trying to cool inflation without hurting the economy.

ECB, Bank of England key rates on hold

VIENNA, Oct. 4 (UPI) -- The European Central Bank and the Bank of England have left key policy interest rates on hold.

European Central Bank eyes rate hike

FRANKFURT, Germany, Aug. 3 (UPI) -- The European Central Bank is keeping its interest rates unchanged this month but indicated it will raise them in September, a report says.

Bank run ends low-interest mortgages

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Eurozone inflation rises to 1.9 percent

BRUSSELS, March 30 (UPI) -- Inflation in the 13 countries using the euro as their currency rose 0.1 percent to 1.9 percent, the European Union's Eurostat data agency reported Friday.

Japan's central bank holds rates steady

TOKYO, March 20 (UPI) -- The Bank of Japan said Tuesday it would hold its benchmark interest rate steady at 0.5 percent after raising it a quarter point a month ago.

Euro interest rates rise

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China central bank to keep rates steady

BEIJING, Feb. 13 (UPI) -- China's central bank has no target for interest rates, but does not plan any interest-rate increases soon, a top bank official said Tuesday.

No rate change for euro banks

FRANKFURT, Germany, Feb. 8 (UPI) -- The European Central Bank kept a key interest rate for countries using the euro as their currency on hold at a five-year high of 3.5 percent Thursday.

Britain's central bank keeps rate steady

LONDON, Feb. 8 (UPI) -- England's central bank left a key interest rate unchanged Thursday after three rate increases since August.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch