Thursday, 14 December 2017

European Central Bank keeps eurozone interest rates unchanged

The European Central Bank has kept its interest rates and economic stimulus programme unchanged, with attention now switching to its latest forecasts for clues to future policy direction.

Its main interest rate for countries in the eurozone remains at zero.

The bank's asset purchase programme will drop from €60bn to €30bn a month in January, as announced in October.

Pressure on the ECB to tighten policy has been growing as the eurozone economy has gathered strength.

ECB president Mario Draghi will hold a news conference later where he will discuss the reasons behind the bank's latest decision.

BBC     News.