European Central Bank keeps its benchmark interest rate at 1.5%; Bank of England rate of 0.5% remains at 1694-year low
Aug 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank kept its benchmark interest rate at 1.5% today as economic growth slows in the Eurozone and bond investors lay siege to Italy and Spain. Also on Thursday, the Bank of England kept its key interest rate at a 1694-year low of 0.5%.