European Central Bank Latest News: ECB Leaves Key Rate Unchanged

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European Central Bank Latest News: ECB Leaves Key Rate Unchanged

European Central Bank Latest News: ECB Leaves Key Rate Unchanged
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European Central Bank Latest News: ECB Leaves Key Rate Unchanged

by Wochit 0:50 mins

The European Central Bank has left its key interest rate unchanged at a record low 0.5 percent, holding off on more stimulus as it waits for a recovery in the 17 European Union countries that use the euro. European Central Bank President Mario Draghi has underlined the bank's determination to stick with stimulus for the struggling eurozone, saying the bank will keep its benchmark interest rate the same or lower "for an extended period of time." The European Central Bank left interest rates unchanged and will try to reassure investors rattled by new turmoil in Europe and the U.S. Federal Reserve's plans to begin winding up its stimulus.

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