ECB Rate Stays at 0.25%

The European Central Bank has kept interest rates on hold at 0.25 per cent for the second month in a row following November’s cut. The decision was widely expected,  even though inflation had fallen  in December and  record unemployment is  weighing on consumer spending. If the eurozone economy does not recover –  economists predict ther […]
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ECB Rate Kept at all time Low of 0.25%

The ECB has today kept its benchmark interest rate at the all time low of 0.25%.  Another cut was unlikely after the recent surprise cut from 0.5% in November. ECB president Mario Draghi said the decision to keep the rate at its current level reflected the fact that the eurozone’s economy remained “subdued”. In a […]
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ECB Interest Rate Cut to Just 0.25%

The European Central Bank cut interest rates to a new record low of 0.25% today. The move took financial markets by surprise and the euro fell sharply in response while European shares rose. ECB President Mario Draghi told a news conference. “We may experience a prolonged period of low inflation to be followed by gradual […]
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ECB Rate to Remain Low

The European Central Bank  chief, Mario Draghi said today that  interest rates will stay at record lows for an extended period and they could well be  cut  further. The ECB rate was kept at 0.5% today     and afterwards  Draghi said “The Governing Council expects the key ECB rates to remain at present or lower levels […]
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