Monday September 21, 2020

ECB leaves interest rates unchanged

UPDATE: The European Central Bank has left its benchmark interest rate unchanged at 0.75 per cent, despite expectations it would cut the rate.

6th September, 2012
ECB headquarters in Frankfurt.

The European Central Bank has left its benchmark interest rate unchanged at a historic low of 0.75 per cent, despite expectations it would cut the rate.

The vote by the central bank board to leave rates unchanged was not unanimous, according to ECB president Mario Draghi. There was one dissenting voice, he said.

The ECB had left interest rates unchanged after its last policy-making meeting in August and a cut was widely expected.

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