Economy

xchrom

(108,903 posts)

30. ECB leaves key eurozone rate unchanged at 1%

Wed Apr 4, 2012, 08:15 AM

Apr 2012

http://www.bbc.co.uk/news/business-17609108

The European Central Bank (ECB) has left its benchmark eurozone interest rate unchanged at 1%.

The bank has not moved rates since November, when it made its second consecutive cut.

ECB President Mario Draghi will explain the decision at a news conference later.

In February, the ECB gave 530bn euros ($713bn; £448bn) of low-interest loans to 800 banks across the whole of the European Union to help boost lending.

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