Monetary Policy Latest News: ECB Leaves Key Rate Unchanged

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Monetary Policy Latest News: ECB Leaves Key Rate Unchanged

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Monetary Policy Latest News: ECB Leaves Key Rate Unchanged

Wochit 0:45 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. 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. 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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