Economic News

The dollar traded little changed against the euro early Thursday after the European Central Bank lifted its key interest rates and hinted at further rate hikes down the road. The European Central Bank on Thursday raised its key interest rate for the fifth time in eleven months. The interest-rate hike, to 3.25% from 3%, was widely expected. ECB President Jean-Claude Trichet said that the central ...

(Updating with comments on inflation outlook, yen) PARIS (AFX) - European Central Bank president Jean-Claude Trichet said he will not contradict market expectations that the ECB will hike interest rates once more before the end of the year. But he said he could give no indication on the outlook for rates in 2007. As expected, the ECB governing council raised its key interest rate to 3.25 pct fr ...

Treasury prices fell slightly early Thursday, sending yields higher, after a Federal Reserve official warned about inflation risks, dampening expectations the central bank will cut interest rates soon. "The risks to my outlook for economic activity may be skewed a bit to the downside, while those to my forecast of gradually declining inflation are tilted to the upside," Federal Reserve Vice-Cha ...

WASHINGTON -(Dow Jones)- The number of new applicants for unemployment insurance fell 17,000 last week to the lowest level since July, suggesting some recent improvement in the U.S. job market. Initial jobless claims dropped 17,000 to a seasonally adjusted 302,000 in the week ended Sept. 30, the Labor Department said Thursday. New claims for the week ended Sept. 23 were revised to 319,000 from  ...

(Adds more comments from Trichet's introductory statement) PARIS (AFX) - European Central Bank president Jean-Claude Trichet said the ECB will need to raise interest rates further if the euro zone economy continues to recover in line with its expectations. The ECB governing council raised its key interest rate to 3.25 pct from 3.00 pct at its meeting in Paris today, a move that was fully expecte ...

PARIS (AFX) - European Central Bank president Jean-Claude Trichet said the ECB will need to raise interest rates further if the euro zone economy continues to recover in line with its expectations. The ECB governing council raised its key interest rate to 3.25 pct from 3.00 pct at its meeting in Paris today, a move that was fully expected by financial markets. "If our assumptions and baseli ...

LONDON (Dow Jones) -- The European Central Bank on Thursday lifted its key interest rate for the fifth time in eleven months, as the central bank moves to quell inflation and reign in some European housing markets amid an economic recovery on the Continent. The unanimous interest-rate hike, to 3.25% from 3%, was widely expected. Earlier, the Bank of England, which sets interest rates in Britain ...

LONDON (Dow Jones) -- The European Central Bank on Thursday lifted its key interest rate for the fifth time in eleven months, as the central bank moves to quell inflation and reign in some European housing markets amid an economic recovery on the Continent. The interest-rate hike, to 3.25% from 3%, was widely expected. Earlier, the Bank of England, which sets interest rates in Britain, held its ...

Adrian Lowery, This is Money5 October 2006 The Bank of England has put off its next rate rise at least one more month as it kept the base rate on hold at 4.75% at its monthly meeting today. OTHER STORIES Ryanair in £1bn Aer Lingus bid Market report: Thursday 12:30 Investors dial into Vodafone Oil jumps as Opec announces cut Corus stalked by Indian steel giant THE EDITOR'S PICKS Tips: Reclaim bank charges Tips: The best music download sites Tips: Lists o ...

(Updating to add further analysts' comments) LONDON (AFX) - The Bank of England today left its benchmark repo rate unchanged at 4.75 pct. The decision was expected. All 35 economists polled by AFX News expected the nine-member rate-setting Monetary Policy Committee to keep borrowing costs unchanged, though they conceded that the debate at the meeting is likely to have been vigorous and the vote  ...