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| Version 0 | Version 1 |
|---|---|
| US leaves rates unchanged at 2% | US leaves rates unchanged at 2% |
| (10 minutes later) | |
| The US central bank has opted to leave interest rates unchanged at 2%, rejecting calls for a cut. | The US central bank has opted to leave interest rates unchanged at 2%, rejecting calls for a cut. |
| While the Federal Reserve had been tipped to leave rates on hold, analysts said a cut looked likely after the recent collapse of Lehman Brothers. | While the Federal Reserve had been tipped to leave rates on hold, analysts said a cut looked likely after the recent collapse of Lehman Brothers. |
| The Fed has sought to soothe nerves and earlier injected $70bn (£39bn) into markets to boost liquidity. | The Fed has sought to soothe nerves and earlier injected $70bn (£39bn) into markets to boost liquidity. |
| Central banks worldwide have faced the twin threat of quickening inflation and a wider economic slowdown. | Central banks worldwide have faced the twin threat of quickening inflation and a wider economic slowdown. |
| The US benchmark interest rate has been at 2% since April. | |
| US shares, which had risen slightly before the announcement, shed 106 points to 10,811 level. | |
| Traders had hoped the central bank would cut rates in a bid to boost the economy, amid growing fears over the economy and financial volatility. | |
| Investment firm Lehman Brothers filed for bankruptcy on Monday while the future of insurance giant AIG remains uncertain. |