Credit-easing steps by central banks, at a glance

 
No Author Published: April 4, 2013    Comment on this article Leave a comment


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โ€” BANK OF ENGLAND

Interest rates: Has kept its benchmark rate at a record low of 0.5 percent since 2009.

Bond buying: Announced this summer a plan to buy more government bonds from financial institutions, hoping the banks will use the extra cash to lend to businesses and households.

โ€” RESERVE BANK OF AUSTRALIA

Interest rates: In December, Australia's central bank cut its benchmark interest rate by a quarter percentage point to its lowest level since the global financial crisis erupted five years ago. The Reserve Bank of Australia's decision to cut the rate to 3 percent was its fourth rate cut of 2012.

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