Posts Tagged ‘Central Bank’
The US central bank has rejected the calls for a cut in the interest rates and left it unchanged at 2%.
According to analysts, a cut was expected after Lehman Brothers’ bankruptcy declaration.
Central banks all around the globe are facing double threat of a wider economic slowdown and quickening inflation.
The bank’s official said that: “the risks of growing inflation and slowing economic activity both are a significant concern to the committee.” Read the rest of this entry
WASHINGTON: Tackled with the stresses at each turn enhancing redundancy, shattering development, credit problems and mounting inflation, the Federal Reserve left a vital interest rate fixation, carrying a risk that is the best ploy was no move by any means.
The next direction for rates possibly is expected to be inclined even till the next year and so.
Fed Chairman Ben Bernanke and all but one of his central bank members accepted on Tuesday to stop its vital rate alone at 2 % for the second immediate conference.
