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Eurozone interest rates kept on hold at 0.75% Eurozone interest rates kept on hold at 0.75%
(35 minutes later)
The European Central Bank (ECB) has left eurozone interest rates unchanged at 0.75%, as had been widely expected.The European Central Bank (ECB) has left eurozone interest rates unchanged at 0.75%, as had been widely expected.
Many analysts do not expect the ECB to alter rates from their current record low until next year at the earliest.Many analysts do not expect the ECB to alter rates from their current record low until next year at the earliest.
Recent surveys have suggested that the pace of decline in the eurozone's manufacturing and service sectors has slowed.Recent surveys have suggested that the pace of decline in the eurozone's manufacturing and service sectors has slowed.
The UK's Bank of England also announced on Thursday that it would be keeping its main interest rate on hold at 0.5%.The UK's Bank of England also announced on Thursday that it would be keeping its main interest rate on hold at 0.5%.
The last time the ECB made a change to its main interest rate was in July, when it was cut from 1%.
ECB president Mario Draghi holds a news conference later, where he is expected to face questions over the ECB's sensitivity to recent rises in the value of the euro.