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ECB keeps interestrate at 1 per cent
THE European Central Bank (ECB) followed the Bank of England yesterday in keeping its benchmark interest rate on hold.
ECB rate-setters left the bank's main interest rate unchanged at 1 per cent for the ninth month running.
In a statement, the ECB's president, Jean-Claude Trichet, said that price developments remain "subdued" and that inflation expectations were "firmly anchored" around the bank's target of "close to, but below, 2 per cent".
Earlier, the Bank of England kept its main interest rate unchanged at a record low of 0.5 per cent
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Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North
Tomorrow
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
