Saturday, September 20, 2014   

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:
China sentences GSK officials to 2-4 years in prison: Xinhua (09-19 17:05)
China's total loan demand dampens in Q3: survey (09-19 16:51)
Drugmaker GSK fined in China graft probe: report (09-19 16:50)
Hang Seng tracks Street gains (09-19 16:43)
Alibaba sets IPO share price at US$68 (09-19 15:39)
London stocks surge after Scotland rejects independence (09-19 15:38)
Japan downgrades economic assessment as PM promises reform (09-19 14:03)
Chinese buyers lead charge in iPhone 6 global debut (09-19 13:25)
Hang Seng dips, Shanghai gains (09-18 16:17)
Nikkei jumps on weaker yen (09-18 14:44)

More breaking news >>

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