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Inflation Latest News: ECB Leaves Key Rate Unchanged

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Inflation Latest News: ECB Leaves Key Rate Unchanged

Wochit 0:48 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." Wall Street opened higher as investors awaited clarification on the Federal Reserve's stimulus plans and the release of data providing snapshots on the economy.

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