European Central Bank keeps benchmark interest rate on hold at 1.0%; Bank of England keeps policy rate at the 1694-year low of 0.5%
Jan 13th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) as expected kept its benchmark interest rate on hold at 1.0%, at a meeting of the governing council in Frankfurt, today. The ECB president, Jean-Claude Trichet, will address a press conference and he is expected respond to questions on the continuing debt crisis. In London, the Bank of England kept its policy rate at the 1694-year low of 0.5%.