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ECB leaves main interest rate unchanged at 0.75 per cent

The benchmark interest rate has been left untouched by the European Central Bank.
Oct 4th 2012, 12:55 PM 2,822 13

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

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Hugh O'Connell


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