Thursday, Jun 29, 2006
Fed hikes base rate by 0.25% as expected
BBC News: US Fed ups interest rate to 5.25%
The US Federal Reserve raised its key interest rate as expected on Thursday by a quarter of a percentage point as it looks to slow inflation. The Fed's Open Market Committee has raised its key interest rate for the 17th time in a row to its highest level in over five years to 5.25%.
Posted by webmaster @ 08:59 PM (186 views) Add Comment
2 Comments
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1. Gregzki said...
In my view, the UK rate being now 0.75% behind the US rate is both very unusual and unlikley to be sustainable.
2. sirgoogle said...
Yes - more pressure on Sterling. Only a threat to the currency or a rise in inflation will cause an increase in interest rates. This is looking more likely.