Article Tools

Eurozone: Key Rate At Record Low

Published: November 7, 2013; 19:34 · (Vindobona)

Low inflation was reason for ECB to lower key rate again by 0.25 percent.

Eurozone: Key Rate At Record Low / Picture: © Vindobona.org

It came as a surprise that the European Central Bank (ECB) has lowered the base rate by 0.25 percent to a new record low from 0.5 percent to 0.25 percent on Thursday. The extremely low inflation in the Eurzone (0.7 percent in October) was the reason for this measure, as announced by the ECB in Frankfurt.

The international financial markets have already reacted with the exchange…

This article includes a total of 263 words.

or Log In

Fast News Search