Friday, February 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:
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China's inflation may rebound in February (02-26 18:39)
India pours US$137b into rail overhaul (02-26 17:54)
German jobless numbers decline (02-26 17:28)
Europe private business lending falls slightly (02-26 17:21)
Spain reports 1.4pc growth for 2014 (02-26 17:11)
StanChart chief Sands quits (02-26 16:54)
Hutchison Whampoa sees profits doubled in 2014 (02-26 16:53)
Cheung Kong profits surge 53pc (02-26 16:44)

More breaking news >>

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