• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

ECB holds rates as outlook darkens

Jun 06 2012 14:33
Reuters

Frankfurt - The European Central Bank held its main interest rate at 1% on Wednesday, resisting international pressure to provide more support for the eurozone's ailing economy.

The ECB also said the interest rate on its deposit facility would remain at 0.25%, and the rate on the marginal lending facility would stay at 1.75%. The euro was steady versus the dollar after the news.

ECB President Mario Draghi will explain the Governing Council’s decision at a 12:30 GMT news conference.  

Markets are looking for hints whether the ECB may cut interest rates in the coming months and how worried the 17-country bloc’s central bank is about recent weak economic data.

An update of the ECB’s staff projections for growth and inflation will also be eyed for clues on future ECB policy moves.

 
ecb  |  interest rates  |  europe debt crisis

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...