Friday November 27, 2020

ECB leaves interest rates unchanged

UPDATE: The European Central Bank has left its key interest rate unchanged; Mario Draghi noted that real interest rates were negative in much of the euro zone.

8th November, 2012
ECB headquarters in Frankfurt.

The European Central Bank (ECB) has left its key interest rate unchanged at a record low of 0.75 per cent, with its president Mario Draghi saying economic growth was expected to remain weak in the euro area.

However he said financial market confidence had improved since the ECB disclosed plans to buy sovereign bonds of countries that requested aid.

The euro slipped to a two-month low against the dollar after news that rates were unchanged. Analysts...

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