ECB Keeps Interest Rate at Record Low
ECB Keeps Interest Rate at Record Low
Frankfurt - QNA
The European Central Bank (ECB) has decided to keep interest rates in the eurozone at a record low of 0 per cent, the bank announced on Thursday .
The bank also said it was keeping its deposit rate facility at minus 0.4 per cent, meaning it charges banks to hold money rather than lending it out.
The bank also said it would continue its policy of easy money with its 60-billion-euro (63.2-billion-dollar) per month bond-buying scheme.
Source: QNA
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