RealNews

ECB, Bank of England holds rates steady

The European Central Bank and the Bank of England kept their benchmark interest rates on hold Thursday, both torn between the opposing challenges of higher inflation and worries about economic growth. Those two factors could put the central banks on different paths in the coming months, with the ECB striking a hawkish note in the face of strong euro-zone inflation while the Bank of England is widely expected to deliver a cut next month to restore shaky consumer confidence. Full Story

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