ECB expected to keep benchmark rate on hold at 1%; Bank indirectly funding half of Eurozone country deficits in 2009
Oct 8th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) is expected to keep its benchmark interest rate on hold at 1.0 percent, at the meeting of the governing council in Venice today. The ECB is estimated to be indirectly funding half of Eurozone country deficits in 2009.