Money in Motion

Bank of England and ECB Hold Steady, Indonesia Cuts


Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.

The Bank of England left interest rates unchanged, and will inject another 50 billion pounds into the financial system. [Reuters]

The European Central Bank held interest rates steady. [BBC] 

Greece's finance minister is meeting with European counterparts without full agreement on Greek budget reform. [CNBC]

Still, signs of progress in the Greek debt negotiations lifted risk appetite, and the dollar slipped. []

Chinese inflation jumped, reducing investor hopes for an economy-spurring rate cut. []

Indonesia unexpectedly cut interest rates to spur growth - and the rupiah weakened. [CNBC]



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