European Central Bank expected to keep benchmark rate on hold at 1%
Jun 4th, 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 its Governing Council meets in Frankfurt today. In London, the Bank of England's rate-setting Monetary Policy Committee is expected to leave its key lending rate unchanged at 0.5% - - a 315-year low - - and not to increase the size of its asset-purchase programme, when it concludes its monthly policy meeting Thursday.