ECB leaves interest rate unchanged at 1pc

03/05/12 1,147 Views 5 Comments

THE EUROPEAN CENTRAL BANK has left its key interest rate unchanged at 1 per cent for the fifth month in succession, at its monthly board meeting held in Barcelona. ECB president Mario Draghi said the governors had not discussed the possibility of lowering the rate. Draghi was not asked about any progress on discussions regarding Ireland’s promissory note burden during his press conference.

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