ECB leave rates unchanged

ECB leave rates unchanged

ECB President Mario Draghi

The European Central Bank has, as expected, left their interest rates at 0.5% at their monthly meeting today.

President Mario Draghi also reiterated that the ECB’s future interest rates will remain at their present level or lower for an “extended period” of time, suggesting that will be at least into next year.

He said euro zone inflation expectations remained anchored and there were some signs of tentative growth.

“Policy thereby provides support to a gradual recovery in economic activity in the remaining part of the year and in 2014,” he said in a news conference in Frankfurt.

 

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