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Stories for November 5th 2010

• Friday, November 5th 2010 - 02:14 UTC

  Euro-zone keeps rate on hold and hints of further removal of emergency stimulus

  

  In a move that runs counter to the United States' Fed 600-billion-US-dollar liquidity injection to stimulate the economy the European Central Bank on Thursday kept its benchmark interest rate steady at 1%. This was the eighteenth consecutive month that ECB has frozen its main interest rate.

• Friday, November 5th 2010 - 00:51 UTC

  Bank of England leaves interest rates and liquidity resources unchanged

  

  The Bank of England held UK interest rates at a record low and decided not to pump more money into the economy via quantitative easing (QE). The Thursday decision to make no change to policy comes after recent figures on the UK economy showed good growth.