Wednesday, October 22, 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:
Hong Kong's consumer prices rose in September (10-21 19:54)
Nikkei ends lower (10-21 17:30)
Hang Seng edges up (10-21 17:29)
Hang Seng down by lunch (10-21 12:25)
Amazon, Simon & Schuster sign book retail deal (10-21 12:09)
Japan air bag maker Takata plunges on US recall (10-21 12:08)
China economic growth falls to five-year low: govt (10-21 11:40)
Profit taking sends Nikkei lower by break (10-21 10:57)
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)

More breaking news >>

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