Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts

Thursday, 3 July 2014

ECB leaves interest rates unchanged

The European Central Bank (ECB) has left interest rates on hold, a month after it cut rates as part of measures aimed at stimulating the eurozone.
In June, the ECB became the first major central bank to introduce negative interest rates.
The bank cut its deposit rate from zero to -0.10% and its benchmark rate from 0.25% to 0.15%.
It also said it would offer long-term loans to commercial banks at cheap rates.
The move is aimed at