European Central Bank keeps benchmark rate on hold at 1%; Trichet to address press conference; Bank of England holds rate at 0.5% - - lowest since 1694
Feb 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. The Bank of England kept its key rate at 0.5% - - the lowest since 1694.