ECB to Keep Interest Rate Low

People ♦ Published: November 7, 2013; 11:58 ♦ (Vindobona)

Despite a low inflation, the European Central Bank (ECB) will keep the interest rate low. The Council of ECB has held a meeting on Thursday morning

ECB to Keep Interest Rate Low / Picture: ©

The base rate has been standing at 0.5 percent since May. After a surprisingly strong decrease of inflation in the Eurozone member states in October, more voices were heard calling for a further cut in interest rates of the central bank.

According to a survey carried out by Reuters among market traders, experts do not expect the central bank to further drop the key rate in spite…