European Central Bank keeps benchmark interest rate unchanged; Bank of England keeps its key rate at 1694-year low
May 5th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank as expected today kept its benchmark interest rate of 1.25% unchanged at the meeting of the 23-member governing council in Helsinki. In London, in response to evidence of a fragile economy, the Bank of England's Monetary Policy Committee kept the bank's key interest rate at the 1694-year low of 0.5%.