European Central Bank keeps benchmark rate on hold at 1.25%; Bank of England keeps rate at 0.5% - - a 1694-year low
Jun 9th, 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 1.25%, at a meeting of the governing council in Frankfurt, today. In London, the Bank of England's Monetary Policy Committee kept the benchmark rate at 0.5% - - the lowest since the central bank was founded in 1694.