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European central bank holds interest rates steady

by ChemOrbis Editorial Team -
  • 21/04/2016 (16:47)
According to media reports, the European Central Bank (ECB) kept interest rates unchanged after last month’s rate cut. The ECB kept its benchmark main refinancing rate at zero and its deposit rate at -0.4%.

The central bank’s decision was in line with expectations following the announcement that the bank would expand purchases of government bonds and other assets to €80 billion per month from €60 billion last month.

The euro is currently trading at around $1.13 against the US dollar.
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