The European Bank of England to leave interest rates unchanged again

The European Central Bank last Thursday that the existing minimum bid refinancing rate at 4.00% unchanged, in line with market had expected.

Dow Jones survey of 53 economists had unanimously expected the ECB to keep rates unchanged. Since December 2005, the European Central Bank has carried out eight plus interest, for each hike interest rates 25 basis points.

The same day, the Bank of England’s Monetary Policy Committee concluded its two-day monthly meeting, also announced that 5.75% of the official call rate unchanged. This decision is also in line with market expectations, the Dow Jones interview last week, the 18 economists are expected the Bank of England to keep interest rates unchanged.

Bank of England’s last interest rate increase in July, when interest rates from 5.5% to 5.75%, in August 2006 for the fifth time since the 25 basis point interest rate increase. Most economists expect the Bank of England will cut interest rates next step, which may happen in November