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Home > Investments > Economic Indicators

By Nick Reeve | Published Sep 06, 2012

ECB holds interest rate at 0.75%

The European Central Bank has held its main interest rate at the record low of 0.75 per cent

The decision was announced ahead of a pivotal speech by ECB president Mario Draghi, in which he is expected to lay out a plan to buy up bonds issued by struggling southern European countries.

Mr Draghi is expected to speak at 1:30pm.

The ECB cut rates from 1 per cent to the record low of 0.75 per cent in July this year.

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