European Central Bank keeps benchmark rate at 1%; Bank of England kept its key rate at 0.5% - - the lowest since 1694
Mar 4th, 2010 | 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 to be questioned on the economic woes of Eurozone member Greece and on the exit from emergency lending. In London, the Bank of England kept its key rate at 0.5% - - the lowest since 1694.