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 news conference following the announcement, Mr Draghi confirmed that the interest rate would remain at the same level or lower for the foreseeable future.

The ECB has reduced the  interest rate steadily since  since October 2008, when it stood at 4.25%. See History of the ECB Rates Here