5 Oct 2012

Rates held by ECB and Bank of England

9:50 am on 5 October 2012

The European Central Bank held its benchmark interest rate at a record low of 0.75% on Thursday.

Last month, the ECB unveiled details of a bond-buying plan aimed at easing the eurozone's debt crisis.

ECB president Mario Draghi said there was no discussion about rates at the meeting in Slovenia

as the council was unanimous in its decision.

Earlier, the Bank of England held UK rates at 0.5% and decided not to raise the amount of quantitative easing from the current level of £375 billion.