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)
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2 Comments

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
 

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