European Central Bank keeps benchmark rate at 1.00%; Bank of England keeps rate at 0.5% — lowest since 1694
Jan 12th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank kept its benchmark interest rate of 1.00% unchanged, at the meeting of the 23-member governing council in Frankfurt. 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 0.5%, the lowest since 1694.