LONDON — With the economic recovery showing some resilience in Europe, the Bank of England and the European Central Bank left their main interest rates at record lows on Thursday.
The Bank of England decided against any new stimulus measures for Britain, a day after the Federal Reserve moved to buy an additional $600 billion in government bonds to strengthen the United States economy. The British bank left its bond purchasing program at £200 billion, or $322 billion, and its main interest rate at 0.5 percent.
And the president of the European Central Bank, Jean-Claude Trichet, indicated at a news conference Thursday in Frankfurt that the Fed’s move would not force the bank to change its monetary strategy, adding that the current rate at 1 percent was “appropriate.”
The Bank of England decided against any new stimulus measures for Britain, a day after the Federal Reserve moved to buy an additional $600 billion in government bonds to strengthen the United States economy. The British bank left its bond purchasing program at £200 billion, or $322 billion, and its main interest rate at 0.5 percent.
And the president of the European Central Bank, Jean-Claude Trichet, indicated at a news conference Thursday in Frankfurt that the Fed’s move would not force the bank to change its monetary strategy, adding that the current rate at 1 percent was “appropriate.”
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