Business World

Sunday 18 February 2018

ECB keeps interest rate at historic 0.25pc low

Mario Draghi
Mario Draghi

THE European Central Bank has kept its key interest rate steady at 0.25pc today.

The decision comes after a surprise cut from 0.5pc last month.

ECB President Mario Draghi will explain his decision later this afternoon as the bank focuses on low inflation putting pressure on the bank to take new policy action next year.

More to follow.....

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