Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Michael Probst/AP/Press Association Images
Interest Rates

ECB leaves main interest rate unchanged at 0.75 per cent

The benchmark interest rate has been left untouched by the European Central Bank.

THE EUROPEAN CENTRAL Bank (ECB) has announced that its benchmark interest rate will be left unchanged at 0.75 per cent.

The decision was announced this afternoon following a meeting of the bank’s governing council in the Slovenian city of Brdo pri Kranju and had been expected.

Last month the ECB unveiled plans to carry out a series of bond-buying exercises in an attempt to ease the eurozone debt crisis.

Mario Draghi, the president of the ECB, will face questions later today about the decision to hold the main interest rate steady at 0.75 per cent, a record eurozone low which was announced at the start of July.

Read: AIB to increase mortgage interest rates by 0.5pc

Read: Bank of Ireland raises mortgage interest rates by 0.5pc

Your Voice
Readers Comments
13
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.