Monday, April 27, 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:
Spain’s Rajoy balmes Greece for threatening recovery (13 mins ago)
Capgemini to buy IGATE in US$4 billion US expansion push (25 mins ago)
Canon income tumbles by 29pc (27 mins ago)
Consolidation looms for China's state companies (2 hrs 6 mins ago)
Fitch cuts indebted Japan's credit rating (2 hrs 35 mins ago)
Hang Seng, Shanghai rally (04-27 16:56)
HSBC shares touch a new high in HK and London (04-27 16:53)
Deutsche Bank sheds assets, cuts borrowing (04-27 16:06)
Nikkei flat by break (04-27 12:20)
Nikkei climbs (04-27 10:20)

More breaking news >>

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