KBC Bank Ireland will not be sanctioned by the Central Bank for erroneously printing an incorrect interest rate on customer statements.

As expected, this month’s monetary policy meeting of the US Federal Reserve saw it maintain the key funds interest rate at 0.375% for a second consecutive meeting.

The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5% early next year, but economists in the latest Reuters poll are now less certain about the timing.

China has cut its main interest rate.

Bank of England governor Mark Carney has suggested that interest rates could begin to rise at the turn of this year.

The Bank of England is taking a patient approach in its deliberations in relation to the timing and extent of interest rate increases, writes John Fahy.

The Tánaiste Joan Burton says people paying high interest rates on their mortgages will get a deduction.

The Taoiseach and Tánaiste have borth criticised Bank of Ireland and Ulster Bank for failing to pass on low interest rates to their mortgage customers.

The ECB is preparing multiple measures against too-low inflation that could be used as soon as next month, policymakers said.