Interest Rate Latest News: European Central Bank Leaves Interest Rates at Record Low

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Interest Rate Latest News: European Central Bank Leaves Interest Rates at Record Low

Interest Rate Latest News: European Central Bank Leaves Interest Rates at Record Low
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Interest Rate Latest News: European Central Bank Leaves Interest Rates at Record Low

by Wochit 0:49 mins

The central bank kept its main rate at 0.5 percent, as expected, choosing not to respond yet to signs of increasing financial tension in the euro zone. 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. European Central Bank President Mario Draghi said That the Bank policy will keep interest rates at current or lower levels for an extended period of time, giving financial markets the clearest guidance to date about future rates

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