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ECB interest rate unchanged

The European Central Bank (ECB) has left its key interest rates unchanged. The bank cut its rate...
Newstalk
Newstalk

13.23 2 Aug 2012


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ECB interest rate unchanged

ECB interest rate unchanged

Newstalk
Newstalk

13.23 2 Aug 2012


Share this article


The European Central Bank (ECB) has left its key interest rates unchanged.

The bank cut its rate last month to 0.75%.

Last week ECB President Mario Draghi promised to do ‘whatever it takes’ to save the single currency.

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Investors are keen to see what exactly he has got in store.

Another interest rate cut is thought unlikely following the meeting today.

However there is widespread speculation the plan will include the purchasing of government debt.


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