ECB to keep powder dry on rates despite jobless spike
- Published: 10 Jan 2013 at 11.45
- Online news: World
The European Central Bank will likely keep rates at an all-time low at its first meeting of the year on Thursday, analysts said, despite record high unemployment in the recession-wracked eurozone.
The Euro logo is seen in front of the European Central Bank, in Frankfurt/Main, December 6, 2012. The European Central Bank will likely keep rates at an all-time low at its first meeting of the year on Thursday, analysts said, despite record high unemployment in the recession-wracked eurozone.
However, economists expect ECB chief Mario Draghi to keep open the door for further rate cuts to support the 17-nation euro area, especially if the economy takes another turn for the worse or the debt crisis strikes the markets again.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
