Thursday, September 3, 2015   

ECB holds key rate at record low 0.25pc
(03-06 20:50)

The European Central Bank held its benchmark interest rate unchanged at a record low of 0.25 percent today, following a meeting in Frankfurt, Germany.
Investors will also pay close attention today to the ECB's latest economic forecasts, in particular its inflation expectations.
The central bank said in a statement it also held its other two key rates -- the marginal lending rate and the deposit rate -- unchanged at 0.75 percent and zero percent respectively. The marginal rate is the rate that banks pay to borrow overnight.--AP/AFP


   
Other Business breaking news:
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US businesses add 190,000 jobs in August (09-02 21:25)
Asia props up Lego profits (09-02 21:23)
Wild swings in European equities (09-02 20:43)
Shell determined to get benefits of Arctic oil, despite opposition (09-02 17:59)
European benchmarks rebound, but China stocks remain in the red (09-02 15:55)
Nikkei closes lower (09-02 14:16)
Region and world feels China chill, IMF chief says (09-02 13:24)
Hang Seng claws back losses, Nikkei reovers (09-02 12:48)
Top lawyer argues Sands China appeal against ex-CEO’s lawsuit (09-02 12:18)

More breaking news >>

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