We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close
In association with

Home > Investments > Economic Indicators

ECB holds interest rate at 0.75%

Central bank keeps interest rate at current level ahead of pivotal speech from president.

By Nick Reeve | Published Sep 06, 2012 | comments

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.

visible-status-Standard story-url-IA web 060912 ecb decision.xml

COMMENT AND REACTION
Most Popular
More on FTAdviser
FTA jobs