This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-20249009
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Eurozone interest rates remain at 0.75% | Eurozone interest rates remain at 0.75% |
| (35 minutes later) | |
| The European Central Bank (ECB) has held the benchmark eurozone interest rate at the record low of 0.75%, as had been expected. | The European Central Bank (ECB) has held the benchmark eurozone interest rate at the record low of 0.75%, as had been expected. |
| The rate has been at this level for four months, after July's cut from 1%. | The rate has been at this level for four months, after July's cut from 1%. |
| Earlier on Thursday, the Bank of England also kept its main interest rate unchanged, leaving it at 0.5%. | Earlier on Thursday, the Bank of England also kept its main interest rate unchanged, leaving it at 0.5%. |
| In September, the ECB announced a bond-buying programme to try to ease the financial woes of a number of member states. | In September, the ECB announced a bond-buying programme to try to ease the financial woes of a number of member states. |
| Under the initiative, called outright monetary transactions or OMTs, the ECB will buy a country's government bonds after the administration in question has made a formal request. | |
| While no eurozone nation has so far done so, the scheme has already been viewed as an effective insurance policy. This has eased the pressure on the bond yields of Spain and other indebted nations. | |
| Investor attention will now turn to the news conference due to be given shortly by ECB President Mario Draghi. |