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ECB Hold Key Rates Steady | US Jobless Claims Drop to 49 Year Low
Published January 24, 2019
Central Bank has left its interest rates and its monetary policy message
unchanged, moves that were widely expected. The Central Bank further said that
they expect the key interest rates to remain at their present levels through
the summer of 2019 and longer if necessary.
The number of
Americans filing applications for unemployment benefits dropped last week to
the lowest level since November 1969, a sign the job market remains strong
despite the partial government shutdown that is now in its fifth week. Initial
claims for state unemployment benefits dropped 13,000 to a seasonally adjusted
England Governor Mark Carney said Britain’s banking system is in good shape to
deal with the prospect of the country crashing out of the European Union on
March 29 without a deal. Carney reiterated that the BoE had room to react to a
hard Brexit, adding that policy could move in either direction in such a
The US Senate
is likely to vote this week on bills that, if passed, could end the month-long
partial government shutdown. Both the Republican and Democratic measures are
expected to fall short of the votes needed to pass, likely continuing the
deadlock over government funding.