ECB and Bank of England expected to keep benchmark rates on hold
Nov 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank is expected to keep its benchmark rate on hold at 1% when the ECB Governing Council will meet in Frankfurt today. In London, the Bank of England's Monetary Policy Committee is also expected to keep its key lending rate unchanged at a 1694 year low of 0.5%, at its meeting today.