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 (549 views)
Add Comment
Report Article


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.

Friday, June 30, 2006 01:31PM Report Comment

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.

Saturday, July 1, 2006 12:56PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies