Business & Finance

Keeps main interest rate steady at 1.0pc

FRANKFURT: The European Central Bank kept its main interest rate at a record low level of 1.0 percent on Thursday, a s
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FRANKFURT: The European Central Bank kept its main interest rate at a record low level of 1.0 percent on Thursday, a spokesman said as markets tracked climbing inflation across the 17-nation eurozone.

The bank also kept two other benchmark rates, the marginal lending rate and the deposit rate, unchanged at 1.75 percent and 0.25 percent.

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Copyright AFP (Agence France-Presse), 2011