BANKTHINK

Morning Scan: ECB Holds Rates Steady; Rackoff Decision Reversed

Receiving Wide Coverage ... Same Old: The Bank of England decided once again to leave its benchmark interest rate unchanged at 0.5%, even as the British economy appears to be gaining steam. The British central bank under the stewardship of Governor Mark Carney also left its stimulus program unchanged continuing to hold about $628 billion in government bonds it has purchased over the past five years. …

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