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Interest Rates

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  • *Coming up: U.S. Weekly jobless claims; 1230 GMT. LONDON, July 10- Gold rose to its highest since March on Thursday as European shares fell after weak economic data and the dollar remained flat following minutes of the Federal Reserve's June meeting, which gave no sign about the timing of any interest rate rise.

  • *Bank of England holds interest rates, as expected. LONDON, July 10- The Bank of England held interest rates at record lows on Thursday but the pace of Britain's recovery looks likely to divide its policymakers soon over when to start weaning the economy off its support.

  • Malaysia hikes rate to curb inflation, debt Thursday, 10 Jul 2014 | 8:14 AM ET

    KUALA LUMPUR, Malaysia— Malaysia's central bank Thursday raised its benchmark interest rate for the first time in three years to curb inflation and household debt as economic growth picks up. Bank Negara Malaysia said it raised its overnight policy rate, used by banks to set lending rates, by a quarter percentage point, to 3.25 percent.

  • Bank of England leaves interest rates steady Thursday, 10 Jul 2014 | 7:02 AM ET

    LONDON— The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength.

  • Bank of England holds steady on rates, split seen soon Thursday, 10 Jul 2014 | 7:00 AM ET

    LONDON, July 10- The Bank of England held interest rates at their record low on Thursday but the pace of Britain's recovery looks likely to split its policymakers soon over when to start weaning the economy off its support.

  • *Coming up: U.S. Weekly jobless claims; 1230 GMT. LONDON, July 10- Gold rose to its highest since March on Thursday as European shares fell after weak economic data and the dollar remained flat following minutes of the Federal Reserve's June meeting, which gave no sign about the timing of any interest rate rise.

  • UK economy 'going like a train': Pro     Thursday, 10 Jul 2014 | 6:06 AM ET

    Ruth Lea, economic advisor at Arbuthnot Banking Group, says the economy is "going like a train" and the Bank of England should raise rates soon.

  • Ex-BoE member on MPC voting, forward guidance     Thursday, 10 Jul 2014 | 4:30 AM ET

    DeAnne Julius, former member of the of the monetary policy committee of the Bank of England, says now is not the right time for forward guidance, adding that the BoE's independence is at risk if members keep voting unanimously.

  • LONDON, July 10- The dollar was stuck near one-week lows against a basket of major currencies on Thursday, staying on the back foot after minutes of the Federal Reserve's June meeting gave no clear indication about the timing of an interest rate rise.

  • Hong Kong shares finish higher on Fed relief Thursday, 10 Jul 2014 | 4:08 AM ET

    HONG KONG, July 10- Hong Kong shares ended slightly higher on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

  • UK interest rate hike a 'bad idea': BCC     Thursday, 10 Jul 2014 | 2:30 AM ET

    John Longworth, director general of the British Chambers of Commerce, says that an interest rate rise in the U.K. would hit spending and affect businesses.

  • *Bank of Korea cuts GDP, CPI forecasts; recovery seen on track. As expected, the Bank of Korea left its policy interest rate unchanged at 2.50 percent for the 14th straight month and trimmed its economic forecasts to reflect recent softness, but its governor maintained the view that Asia's fourth-largest economy was still on a recovery track.

  • Marek Belka, governor of the National Bank of Poland, says interest rates are as likely to go up as they are to go down.

  • TOKYO/ SYDNEY, July 10- The dollar traded around one-week lows against a basket of major currencies on Thursday, coming under pressure after minutes of the Federal Reserve's June meeting gave no clear indication about the timing of any interest rate rise.

  • BEIJING, July 10- China will reduce its intervention in the currency market, Central Bank Governor Zhou Xiaochuan said on Wednesday, striking a conciliatory note in public about the yuan's value as he promised to free the interest rate market as planned.

  • *Hong Kong property rebounds as interest rate rise seems delayed. HONG KONG, July 10- Hong Kong shares rose on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

  • SINGAPORE, July 10- Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in U.S. interest rates.

  • SYDNEY, July 10- The dollar started at one-week lows against a basket of major currencies on Thursday, coming under some pressure after minutes of the Federal Reserve's June meeting gave no clear indication on when interest rates will rise.

  • WASHINGTON, July 9- The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

  • Gold prices climb after Federal Reserve minutes Wednesday, 9 Jul 2014 | 3:57 PM ET

    Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows. Gold for August delivery rose $7.80 to settle at $1,324.30 an ounce on Wednesday. Platinum for October rose $10.40 to $1,506.90 an ounce while palladium for September slipped 20 cents to $872.70 an ounce.