European Central Bank and Bank of England expected to leave interest rates at historic lows
Feb 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) and Bank of England are expected to leave interest rates at historic lows when their respective rate setting committees meet in Frankfurt and London today. The ECB's benchmark rate is currently at 1% and the Bank of England's rate is at 0.5% -- the lowest since 1694.