The European Central Bank held its main interest rate at 1.0 percent on Thursday as investors waited for more news on ECB funding measures for banks and its forecasts for eurozone growth.
A giant symbol of the Euro stands outside the headquarters of the European Central Bank (ECB) in Frankfurt, Germany. The European Central Bank held its main interest rate at 1.0 percent on Thursday as investors waited for more news on ECB funding measures for banks and its forecasts for eurozone growth.
With the cost of borrowing for commercial banks locked at a record low for the 16th month running, economists want to know if the central bank will extend unlimited loans for up to three months through the end of the year.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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