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| Version 0 | Version 1 |
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| Eurozone interest rates held at low of 0.5% | Eurozone interest rates held at low of 0.5% |
| (35 minutes later) | |
| The European Central Bank (ECB) has held interest rates at a historic low of 0.5% despite tentative signs that the eurozone is recovering. | The European Central Bank (ECB) has held interest rates at a historic low of 0.5% despite tentative signs that the eurozone is recovering. |
| The eurozone emerged from recession in the second quarter of this year, with growth of 0.3% recorded between April and June. | The eurozone emerged from recession in the second quarter of this year, with growth of 0.3% recorded between April and June. |
| But there is still concern that many European economies remain in trouble. | But there is still concern that many European economies remain in trouble. |
| In July, ECB president Mario Draghi said interest rates are likely to remain low for an "extended period". | In July, ECB president Mario Draghi said interest rates are likely to remain low for an "extended period". |
| It was the first time the central bank issued so-called forward guidance on interest rates, but the bank has not given any indication on how long an "extended period" might be. | It was the first time the central bank issued so-called forward guidance on interest rates, but the bank has not given any indication on how long an "extended period" might be. |
| That will in part depend on how European economies fare over the coming months. | That will in part depend on how European economies fare over the coming months. |
| In the second quarter of the year, Germany and France saw stronger-than-expected growth of 0.7% and 0.5%, respectively. | In the second quarter of the year, Germany and France saw stronger-than-expected growth of 0.7% and 0.5%, respectively. |
| But weaker economies, including Spain, Italy, and the Netherlands, all saw output fall. | But weaker economies, including Spain, Italy, and the Netherlands, all saw output fall. |
| The ECB expects the recovery to be gradual over the rest of the year, and strengthen in 2014. |