European Central Bank holds rates

Thursday, October 29, 2020

The European Central Bank decided to keep its rates and wider monetary policy unchanged on Thursday, as countries across the region impose fresh lockdown measures to tackle an upsurge in coronavirus cases, CNBC reports.

It comes as the euro zone battles a rapid increase in the number of coronavirus infections, leading some governments to implement new restrictions.

French President Emmanuel Macron on Wednesday announced a second national lockdown, though schools and factories will remain open. While Germany announced on Wednesday a “light lockdown,” with restaurants, bars and public events closed as of next week.