ECB: interest rates still frozen
For the twentieth month in succession the cost of borrowing on the euro has remained fixed at 2%.
The European Central Bank ( ECB ) announced the move today, and offered no surprise to the finance markets.
Although concerns about slow Eurozone economic growth, and poor unemployment levels in some countries, not least Germany, there economic indicators suggest there could be room for modest rate rises on the coming months.
However, concerns still exist about the devalued US dollar, and any changes in the ECB rates may have to be tallied more directly with changes in the US rates, which today rose a quarter percentile.
