European Central Bank expected to keep benchmark rate at 2%; Bank of England may cut rate to 1% - - a new low in its 315-year history
Feb 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank's Governing Council is expected to keep its benchmark interest rate unchanged at 2 per cent today and ECB President Jean-Claude Trichet will hold a press conference in Frankfurt. In London, the Bank of England’s Monetary Policy Committee is expected to cut its key rate by another half a percentage to 1 percent, setting a new low for official interest rates in the Bank’s 315-year history.