Published Date:
06 May 2009
IT'S that time of the month when central banks decide on interest rates. At first reckoning, not much is likely to change. The Bank of England has no place to go as it has already slashed rates to 0.5 per cent – the lowest nominal figure since it was founded.
The more conservative European Central Bank (ECB) has more room for manoeuvre. The betting is on Frankfurt slicing a quarter point off eurozone interest rates, bringing them down to one per cent tomorrow.
However, central bank interest rates are...
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Last Updated:
06 May 2009 9:05 AM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
George Kerevan
