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No move on main ECB rate

The European Central Bank's kept its key interest rate at the historic low of 0.5%. The decision of...
TodayFM
TodayFM

2:26 PM - 1 Aug 2013



 No move on main ECB rate

News

No move on main ECB rate

TodayFM
TodayFM

2:26 PM - 1 Aug 2013



The European Central Bank's kept its key interest rate at the historic low of 0.5%.

The decision of the ECB's governing council comes despite a plea from the IMF that the bank needed to do more to stimulate economic recovery, the fund had suggested further rate cuts as one way of achieving this.

However ECB President Mario Draghi says that while unemployment remains a major concern there are now small signs of a stabilisation in the eurozone economy.



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