Saturday, April 19, 2014   

ECB stays hand on key rate
(12-05 20:53)

The European Central Bank has left its key interest rate unchanged, even though the economic recovery remains weak in the 17 countries that use the euro currency.
The euro zone's chief monetary authority left its benchmark rate at 0.25 percent at a meeting in Frankfurt, Germany.
The ECB held off on further action to stimulate the weak recovery, following a surprise quarter-point rate cut at last month's meeting.
The refinancing rate determines what banks pay to borrow from the ECB and influences borrowing costs for businesses and consumers. In theory, lower rates let businesses borrow more easily so they can invest and create jobs.
But some banks are unwilling to lend at those low rates because they're worried about the economy and focused on fixing their finances. –AP
   
Other Business breaking news:
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Hang Seng, Shanghai rise (04-17 16:58)
Flat open for European markets (04-17 15:48)
Nikkei gives up early gains (04-17 15:43)
China eases with reserve cut for rural banks: report (04-17 15:42)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)

More breaking news >>

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