Credit-easing Steps By Central Banks, At A Glance
â¿¿ EUROPEAN CENTRAL BANK
Interest rates: Has kept its benchmark rate at 0.75 percent, a record low.
Bond buying: Unveiled in September a plan to buy unlimited amounts of government bonds to help lower borrowing costs for countries struggling to manage their debts. Earlier, the ECB gave banks more than euro 1 trillion ($1.3 trillion) in low-interest loans lasting up to three years. The loans provide secure financing at a time when some banks can't borrow normally.
â¿¿ BANK OF ENGLANDInterest rate: Has kept its benchmark rate at a record low of 0.5 percent since 2009. Bond buying: Announced last summer a plan to buy more government bonds from financial institutions. The goal is for the banks to use the extra cash to lend to businesses and households.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts