14 Jan 2012

Rates held by ECB and BoW

12:08 pm on 14 January 2012

The European Central Bank kept its key interest rate unchanged on Thursday.

The main refinancing operations rate was held at 1.0%.

The decision followed two consecutive months of rate cuts.

Earlier in the day, the Bank of England kept its interest rates unchanged at 0.5%, where they have been since March 2009.