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| Version 0 | Version 1 |
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| Eurozone interest rates held at 0.75% | Eurozone interest rates held at 0.75% |
| (34 minutes later) | |
| The European Central Bank (ECB) has held the benchmark eurozone interest rate at the record low of 0.75%, as had been expected. | The European Central Bank (ECB) has held the benchmark eurozone interest rate at the record low of 0.75%, as had been expected. |
| The rate has been at this level for five months, after July's cut from 1%. | The rate has been at this level for five months, after July's cut from 1%. |
| ECB President Mario Draghi will give a press conference later, outlining the bank's views on the economic outlook for the eurozone. | ECB President Mario Draghi will give a press conference later, outlining the bank's views on the economic outlook for the eurozone. |
| Earlier on Thursday, the Bank of England also kept its main interest rate unchanged, leaving it at 0.5%. | Earlier on Thursday, the Bank of England also kept its main interest rate unchanged, leaving it at 0.5%. |
| The eurozone is back in recession as austerity measures designed to reduce debt levels continue to undermine demand and confidence. | |
| The economy of the 17-member bloc contracted by 0.1% between July and September, after shrinking 0.2% in the previous three months. | |
| Meanwhile, the unemployment rate is at a record high of 11.7%. | |
| But inflation fell last month, from 2.5% to 2.2%, so there is little pressure on the ECB to raise interest rates. | |
| The eurozone was last in recession in 2009, when the economy contracted for five consecutive quarters. |