The Bank of England’s (MPC) sets monetary policy to meet the 2% inflation target, and voted unanimously to maintain Bank Rate at 0.1%.
Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
FED decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.
Spot gold surged to $1,944.71 an ounce, beating the previous high set in 2011 by more than $20.
The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent
The targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
FOMC eager to provide new guidance on policy in coming months
inflation should stabilize and then gradually move back up over time closer to our symmetric 2 percent objective
The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion.