Thursday, May 07, 2009
Interest rates are at their lowest in the ECB's 10-year history
BBC: Eurozone interest rates cut to 1%
The European Central Bank (ECB) has cut interest rates in the eurozone to a record low of 1%, down from 1.25%. It is the seventh time the ECB has lowered its key rate since October 2008, when it stood at 4.25%, as it tries to boost the eurozone economy. Analysts do not expect the cost of borrowing to go much lower in the 16 countries that use the euro. However, the ECB may resort to using alternative measures to revive economic growth in the eurozone.
Posted by jack c @ 02:00 PM (352 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.